Description
Austin Peay State University (APSU) is seeking a qualified developer to design, finance, construct, operate and maintain a mixed‑use residential multi‑family housing project (≈ 0.6 acre) at 210 College Street, Clarksville, TN. The developer will lease the land for roughly 30 years, provide ground‑rent or profit‑sharing remuneration, include ground‑floor retail (preferably grocery/pharmacy), and offer tangible housing benefits to APSU faculty and staff. Proposals must include conceptual plans (Phase I) and detailed financial and design packages (Phase II), along with a $50,000 bid bond. The project is entirely privately financed and will be evaluated on design quality, financial viability, parking solutions, and employee‑housing provisions.
• Site: 0.6 acre parcel adjacent to APSU campus, with requirement for innovative parking and retail restrictions (no liquor, vape, adult‑oriented uses).
• Scope: Conceptual master plan, detailed design, financing plan, 10‑year operating pro‑forma, ground‑rent proposal, and lease agreement markup.
• Timeline: Pre‑proposal conference June 24 2026, Phase I deadline Oct 9 2026, Phase II deadline Jan 5 2027, award notice July 9 2027, lease execution August 20 2027.
• Financial: No specified project budget; developer must provide all financing and propose ground‑rent terms; $50,000 bid bond required.
• Evaluation: Quality of design, construction capability, parking solution, employee‑housing approach, and financial capacity.