Description
Austin Peay State University is seeking a qualified developer to lease a ~0.6‑acre parcel adjacent to its campus and deliver a mixed‑use residential multi‑family housing project with ground‑floor retail. The developer will assume full responsibility for financing, designing, constructing, operating, and maintaining the development over a 30‑year ground‑lease term, with an option to renew. The project must incorporate innovative parking solutions, prioritize APSU faculty and staff housing, and allocate first‑floor retail space preferably for grocery‑type or pharmacy uses. The solicitation proceeds in three phases: Phase I (conceptual qualifications and master‑plan), Phase II (detailed design, financing plan, and proposed ground‑rent), and Phase III (final lease negotiations). No public funding is provided; the developer must propose its own financing and compensation to APSU.
• Scope: Design, construct, operate, and manage ~0.6 acre residential‑multi‑family complex with ground‑floor retail and limited parking.
• Deliverables: Conceptual master plan (Phase I), detailed design, financing package, 10‑year pro‑forma, and ground‑rent proposal (Phase II).
• Requirements: Demonstrated development experience, audited financial statements, $50 k bid binder, compliance with nondiscrimination policies, and ability to provide employee‑housing benefits.