Redevelopment of GCTD's Third Street Property

The Gold Coast Transit District (GCTD) is soliciting proposals under RFP No. GEN 26-05 for the redevelopment of the 2.93-acre Third Street Property located at 301 East 3rd Street, Oxnard, California. GCTD is seeking a qualified developer to design, construct, manage, and operate a transit-oriented mixed-use or residential multifamily community specifically designed to be affordable for low- to moderate-income households. The district intends to retain fee ownership of the land and will enter into a 99-year Ground Lease Agreement with the selected Preferred Developer, preceded by an initial Option Agreement. Proposals will be evaluated by an Ad Hoc Committee and the GCTD Board based on project design, transit-oriented development features, financial proformas, the proposed annual base rent, and the developer's team experience and financial capacity. Selected developers must comply with the City of Oxnard's General Plan, California Labor Code prevailing wage requirements, and non-discrimination standards. Key requirements include the procurement of all building permits by the tenant, the provision of payment and performance bonds, and the maintenance of employer's liability insurance of at least 1 million dollars. The deadline for electronic submission via the OpenGov portal is January 28, 2027, at 3:00 PM PST, with a question deadline of January 7, 2027. The GCTD Board is scheduled to select the Preferred Developer during a public meeting on March 3, 2027. Submissions must include detailed developer and team information, criminal and legal disclosures, project design drawings, and a comprehensive post-development operations and management plan.