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University of the District of Columbia·District of Columbia

Student Housing Development

Closes 3/16/2026$5M – $15MRequest for Qualification
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Description

The University of the District of Columbia Foundation (UDCF) is seeking a qualified developer (or consortium) to design, finance, construct, operate, and maintain a new on‑campus, approximately 350‑bed student‑housing building (Phase 1) at 4200 Connecticut Avenue NW, Washington, DC. The project will be delivered under a public‑private partnership (P3) using a ground lease and a building lease, with bond financing secured by the university lease. The developer will assume full construction‑completion risk, provide long‑term operations and maintenance, and work closely with UDCF/UDC on design, financing, and schedule to have the building ready for occupancy by the Fall 2029 semester. • Scope includes full design‑build‑operate‑maintain (DBOM) responsibilities for a mid‑rise, parking‑free residential building. • Required submission of a ≤ 50‑page qualifications package (plus resumes) by March 16 2026, following the tab‑structured format outlined by UDCF. • Key evaluation criteria focus on team composition, higher‑education P3 experience, operations/maintenance capability, financial capacity, and overall submission quality.

Attached files

Contact

Kenneth Grant(Legal/Advisory Contact)

[email protected]

Key dates

Opened
2/10/2026
Questions due
3/6/2026
Closes
3/16/2026
Duration
4 years

Last updated

Details

Type
Request for Qualification
Industry
Construction
NAICS
236220

Budget estimate

$5,000,000 – $15,000,000

Based on typical D.C. student‑housing construction costs (approximately $200‑$250 k per bed) a 350‑bed building would be valued around $70‑$85 million. Developers typically earn a profit margin of 5‑10 % on construction plus ongoing operation‑management fees (roughly 2‑3 % of annual gross revenue). Assuming a 7 % construction profit and modest O&M fees over a 30‑year lease, the total developer earnings could fall between $5 million and $15 million over the life of the contract. Factors influencing the range include financing terms, bond‑yield environment, and the final lease‑rate structure.

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