RFP - Gaiter Lake Development

Gaiter Lake development
Gaiter Lake Development Area

The City of Waseca has issued an RFP (Request for Proposals) inviting developers to submit proposals for the development of the Gaiter Lake property.  This property consists of two (2) City-owned parcels of land just west of Gaiter Lake in the City’s southeast quadrant (south of 11th Avenue SE, east of 8th Street SE, and north of 14th Avenue SE).  The two parcels are 62.29 total acres in size, of which approximately 8.49 acres along the western edge of Gaiter Lake is reserved as a Conservation Easement.  Of the remaining 53.8 acres, about 52.5 total acres is developable.

The City wishes to partner with a reputable developer to provide a variety of market-rate housing options within this property.  Based on a Housing Study completed in 2021, the need and demand exists in Waseca for single-family homes, twin homes, and a variety of senior and rental housing types.  Annexed in 2020, the property is currently zoned R-3 (Multi-Family Low and Medium Density).  However, the City understands that all, or portions of, this property may need to be re-zoned to accommodate development.  With the support of the City, it is anticipated that all, or portions of, this area would be developed as a PUD (Planned Unit Development) over the next 3-6 years.  This property is in a Federal Opportunity Zone (2017 Tax Cuts and Jobs Act) with potential deferral of capital gains tax until December of 2028.

Please click on the link below to view or download a copy of the RFP for this development
Attached to the RFP are the location map shown above, the Housing Study executive summary, a map of the Conservation Easement, utility maps, Shoreland Overlay City Code and map, and Land Dedication City Code along with additional development information and proposal instructions.  

RFP - Waseca Gaiter Lake Development 

Please contact Nathan Willey, Director of Engineering, at natew@ci.waseca.mn.us or 507-835-9716 with any questions.