Description
Austin Peay State University is soliciting proposals to enter a ground‑lease for a 0.6‑acre parcel at 210 College Street, Clarksville, TN. The developer will be responsible for planning, designing, financing, constructing, operating, and managing a mixed‑use residential multi‑family complex with ground‑floor retail and a priority housing component for university faculty and staff. The lease term is approximately 30 years with renewal options and end‑of‑term demolition or payment obligations. The university will not provide financial assistance; the developer must self‑fund the project and submit detailed financial and technical proposals in a two‑phase process.
• Deliver a 30‑year ground‑lease development including ≥ 30 units of residential housing and designated retail (preferably grocery, fresh‑market, or pharmacy).
• Provide innovative parking solutions and pedestrian‑friendly design linking campus and downtown.
• Submit Phase I conceptual proposals (by early Oct 2026) and Phase II detailed proposals (by Jan 5 2027) with audited financial statements and a ground‑rent or profit‑share offer.
• Meet non‑discrimination, environmental “as‑is” site conditions, and end‑of‑term demolition or payment‑in‑lieu requirements.
• Final award expected Aug 2027 after state building commission approval.