Description
Austin Peay State University seeks a full‑service developer to design, finance, construct, operate, and maintain a new student‑housing campus on its Lot 30 site in Clarksville, TN. The project will deliver 400‑600 apartment‑style beds (primarily 4‑bed/2‑bath units) with full furnishings, common‑area amenities, parking, and site infrastructure, under a ground‑lease arrangement that may include an option for the university to purchase the improvements. The developer will be responsible for all phases from concept through occupancy (target Fall 2029) and will receive a per‑bed service charge of $690 for university‑provided leasing and related services, while proposing a ground‑lease revenue model (up‑front rent, annual rent, profit‑share, etc.).
• Scope includes design‑build‑finance‑operate‑maintain of ~400‑600 student apartments, amenity spaces, parking, utilities, and site improvements.
• Financial structure: $690 per‑bed service charge plus developer‑proposed lease/rent/profit‑sharing terms; developer must fund a replacement‑and‑repair reserve.
• Timeline: RFP issued 11 Sept 2026; Step 1 proposal deadline 9 Nov 2026; Intent‑to‑Award 1 Apr 2027; occupancy targeted Fall 2029.