Description
Austin Peay State University is seeking a qualified developer to enter into a long‑term ground‑lease for a 0.6‑acre parcel (Lot 26) at 210 College Street, Clarksville, TN, and to design, finance, construct, operate, and maintain a residential multi‑family housing complex that includes faculty‑staff housing priority, ground‑floor retail (preferably a grocery/pharmacy), and innovative parking solutions. The developer will self‑finance the project, provide a market‑based ground‑rent to the university, and assume ownership of the improvements for an approximate 30‑year term with a renewal option. Key requirements include a $50,000 bid bond, audited financial statements for the last three fiscal years, and compliance with non‑discrimination statutes. The procurement proceeds in three phases—conceptual (Phase I), detailed (Phase II), and negotiation (Phase III)—culminating in lease execution by August 2027.
• Ground‑lease of ~0.6 acre for ≈ 30‑year term, renewable.
• Full development scope: design, financing, construction, operation, long‑term maintenance.
• Required ground‑floor retail (grocery/pharmacy) and innovative parking solutions.
• $50,000 bid bond; audited three‑year financials; self‑funded (no university financing).
• Multi‑phase evaluation with Phase I conceptual submission (Aug 12 2026) and Phase II detailed submission (Oct 9 2026).