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Real Estate firm plans $254k apartment construction

City of Faribault logoCity of Faribault
Disclosed value
$254,000
From agenda
Document date
Jun 10, 2025

The 30-second brief

What it covers

Hamilton Real Estate aims to purchase a 2.69-acre parcel from the City for $254,000 to develop a 76-unit market-rate apartment building, contingent on the establishment of a Tax Increment Finance (TIF) District.

Who holds it

Hamilton Real Estate holds this purchase and development agreement contract with City of Faribault. Its other public contracts on record include work for Rice County and Owatonna Public School District.

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Contract details

Contract type
Purchase And Development Agreement
Amount
$254,000
Document date
June 10, 2025
Term
NA
Vendor
Hamilton Real Estate
Agency
City of Faribault
Source document
city-of-faribault-agenda-item-8-b-property-sale_cab.pdf (Agenda)

Hamilton Real Estate's other public contracts

Rice County, MinnesotaHamilton Real Estate Slated for Riverchase II TIF Agreement · Feb 17, 2026UndisclosedCity of Faribault, MinnesotaHamilton Real Estate to Purchase City Parcel for $254,000 · Jun 10, 2025$254KCity of Faribault, MinnesotaHamilton Real Estate eyes $254K apartment building project · Jun 10, 2025$254KOwatonna Public School District, MinnesotaHamilton Real Estate Group to sell district office · Dec 9, 2024UndisclosedOwatonna Public School District, MinnesotaHamilton Real Estate Group approved to sell district building · Dec 9, 2024UndisclosedAll Hamilton Real Estate contractsVendor profile

More City of Faribault contracts

On-site ComputersFaribault Considers Reducing On-Site Computers Contract · Oct 23, 2026UndisclosedDimassis, NickStrategic Planning Workshop Planned With Nick Dimassis · Oct 23, 2026UndisclosedINSPECTRONFaribault Recommends Continuing Inspectron Building Services · Oct 23, 2026Dimassis, NickLibrary Board Plans Strategic Workshop With Consultant · Oct 23, 2026UndisclosedFaribault Area Chamber of CommerceEDA Proposes $23,000 in 2027 Chamber Support · Oct 22, 2026All City of Faribault activityAgency profile

Questions about this contract

Who was awarded the purchase and development agreement contract by City of Faribault?

Hamilton Real Estate was awarded this purchase and development agreement contract by City of Faribault, as recorded on June 10, 2025. The contract value is $254,000.

How much is the Hamilton Real Estate contract with City of Faribault worth?

The Hamilton Real Estate contract with City of Faribault is valued at $254,000, covering purchase and development agreement work.

What type of contract is this?

This is a Purchase And Development Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-faribault-agenda-item-8-b-property-sale_cab.pdf (Agenda), dated June 10, 2025 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hamilton Real Estate hold?

Hamilton Real Estate may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Faribault currently buying?

Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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