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Austin Peay State University·Tennessee

Response to Questions

Rolling / TBD close$1.5M – $6MRequest for Proposal
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Description

Austin Peay State University is seeking a development partner for a new multifamily student‑housing project on its university‑owned Lot 30. The scope includes planning, design, construction, and delivery of a durable residential building (with allowance for Type V wood‑frame construction) that meets university design standards, provides ADA‑accessible on‑site parking, and complies with APSU‑controlled rental‑rate policies. The university will fund limited geotechnical testing during procurement, with the cost reimbursable to the developer at financial close. The project is structured as a public‑private partnership, placing most site risk on the developer and requiring coordination with existing campus parking resources.

Attached files

Key dates

Opened
10/20/2026
Closes
Rolling / TBD

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
APSU RFP #26‑001

Budget estimate

$1,500,000 – $6,000,000

The solicitation does not disclose a contract value. Based on comparable student‑housing projects at public universities, total development costs often range from $30 million to $60 million. Developers typically earn a development fee of 5‑10 % of total project cost, implying a likely budget between roughly $1.5 million and $6 million. The actual amount will depend on final project scope, size, and negotiated fee structure.

AI estimate from the solicitation

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