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  4. ›R799--Northport EUL Development Opportunity Sources Sought…

U.S. Department Of Veterans Affairs·New York

R799--Northport EUL Development Opportunity Sources Sought (Revised) COR: Sharon Sirotnak

Closes 10/30/2026$5M – $50MRequest for Expression of Interest
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Description

The Department of Veterans Affairs is conducting a market‑research Sources‑Sought notice to identify qualified developers for the Northport VA Medical Center Enhanced‑Use Lease (EUL) redevelopment. The VA seeks interest from firms capable of adaptively reusing historic, under‑utilized buildings on the Northport campus, financing and constructing veteran‑benefiting housing or related facilities, and entering a ground‑lease agreement of up to 99 years that pays cash rent only. No contract value is disclosed; the effort is purely exploratory to shape a future solicitation. • Identify developers who can finance, renovate, and operate supportive housing, skilled‑nursing, assisted‑living, or similar veteran‑focused projects on historic assets. • All buildings are listed on the National Register and have environmental issues (lead, mold, asbestos) that must be addressed. • Responses must be submitted by 12:00 PM ET on 30 Oct 2026 and include qualifications, financing capabilities, and answers to the government questionnaire (items F‑H).

Attached files

Contact

Steven Grzybowski(Contracting Officer)

[email protected]

(216) 447-8300

Key dates

Opened
9/28/2026
Questions due
9/25/2026
Closes
10/30/2026
Duration
99 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Property Development
NAICS
541611
Solicitation №
36C77626Q0268

Budget estimate

$5,000,000 – $50,000,000

No specific contract value is disclosed because this is a market‑research notice. The eventual lease could span up to 99 years with cash rent based on market rates for the sizable historic buildings (totaling roughly 150,000 sq ft). Assuming average rent of $15‑$30 per sq ft per year, annual rent could range from $2.3 M to $4.5 M, leading to a total cash‑rent revenue over the lease term of $230 M‑$445 M. Developer fees for design, construction, and management could realistically generate $5 M‑$50 M in consulting and project‑management income for the initial redevelopment phase. Hence a plausible earnings window for the contractor is roughly $5 M to $50 M.

AI estimate from the solicitation

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