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U.S. Department Of Veterans Affairs·Ohio

Bronx EUL Development Opportunity Sources Sought

Closes 11/10/2026$30M – $70MRequest for Expression of Interest
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Description

The U.S. Department of Veterans Affairs is conducting market research to identify qualified developers—particularly SDVOSBs and VOSBs—to enter into an Enhanced‑Use Lease (EUL) for a new parking structure on the James J. Peters VA Medical Center campus in the Bronx. The developer would finance, design, construct, operate, and maintain a minimum 900‑space garage on a 1.6‑acre parcel, with a lease term of up to 99 years, and must provide free parking for Veterans during weekday business hours. The VA will not reimburse any costs incurred in responding to this sources‑sought notice, and submission of a response does not guarantee eligibility for any future contract. • Location: Bronx, New York (James J. Peters VA Medical Center campus) • Scope: Design, finance, construct, operate and maintain a ≥900‑space parking garage (≈1.6 acres) • Lease: Enhanced‑Use Lease up to 99 years; cash rent only, no lease‑back or in‑kind consideration • Target participants: Qualified developers, with a focus on Service‑Disabled Veteran‑Owned and Veteran‑Owned Small Businesses (must perform ≥51 % of work) • Submission deadline for questions: 09 Oct 2026; response deadline: 10 Nov 2026 • Required response content: Company info, small‑business status, qualifications, real‑estate development/financing/management experience, and answers to specific questionnaire items.

Attached files

Contact

Steven Grzybowski(Contracting Officer)

[email protected]

(216) 447-8300

Key dates

Opened
9/11/2026
Questions due
10/9/2026
Closes
11/10/2026

Last updated

Details

Type
Request for Expression of Interest
Industry
Construction
NAICS
541611
Solicitation №
36C77626Q0277

Budget estimate

$30,000,000 – $70,000,000

The solicitation does not disclose a contract value. A 900‑space parking garage in an urban New York location typically costs between $30 M and $70 M to design, construct, and equip, especially when the developer also finances, operates, and maintains the facility over a long‑term lease. Assuming a 99‑year lease with cash rent, the VA’s revenue would be limited to ground‑lease payments, while the developer would capture parking revenues (except free weekday parking for Veterans). Therefore, a reasonable estimate for the total project budget—and thus the developer’s potential earnings over the lease horizon—is roughly $30 million on the low end (basic structure, modest amenities) to $70 million on the high end (premium design, advanced technology, extensive site work). Factors influencing the range include land preparation costs, financing terms, construction material prices, and the extent of ancillary services (security, lighting, EV charging).

AI estimate from the solicitation

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