Residential Multi-Family Housing Development at Austin Peay State University

Austin Peay State University is seeking a qualified developer to plan, design, finance, construct, and operate a residential multi-family housing development on a 0.6-acre parcel at 210 College Street in Clarksville, Tennessee, with active ground-floor grocery, pharmacy, or other retail uses.

Austin Peay State University


General
Open
RFP 26-05-001 - APSU 27-001
Jan 26, 2027 12:00 PM
Jun 01, 2026 12:00 PM
30 years base + 2 × 15 years options
Request for Proposal (RFP)
State
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Original Solicitation Links
Contact
waltonp@apsu.edu
+19312217573
505 York Street, Clarksville, TN, USA
Submission Instructions
Mail
Austin Peay State University, Division of Finance & Administration, Procurement Services, Attn: Patricia Walton, PO Box 4638, Clarksville, TN 37044
Description

Austin Peay State University is seeking a qualified developer or development team to plan, design, finance, construct, manage, and operate an apartment complex on approximately 0.6 acres at 210 College Street. The project is not strictly student housing and is intended to serve faculty, staff, the university community, and the surrounding community. The development should accommodate more than 98 beds if feasible and must include first-floor grocery, pharmacy, and/or other retail space, addressing a food-service gap near campus. Proposers should consider preferential lease terms and attainable rental rates for university employees. The developer must provide all financing; the university will not provide financial advances, guarantees of minimum occupancy, or a master-lease or block-lease commitment. Proposers are responsible for researching applicable state-land laws, rules, and code requirements. The procurement uses a phased process. Phase I addresses qualifications and experience, financial capability, schedule, management and operations, conceptual design, parking, faculty and staff use, and retail. Shortlisted proposers proceed to Phase II, which includes refined development, financing, operating, leasing, and partnership information, interviews, and evaluation. The project is structured as a long-term ground lease, with the lease addressing end-of-term demolition, payment in lieu of demolition, or potential transfer of improvements subject to the university's requirements. The solicitation schedule was revised to set the Phase I proposal deadline for October 9, 2026, the Phase II proposal deadline for January 5, 2027, Phase II interviews for January 20, 2027, and the evaluation notice for February 10, 2027.

Classification Codes
NAICS236116New Multifamily Housing Construction (except For-Sale Builders)
PSCAK13HOUSING - ADVANCED DEVELOPMENT
Smart Codes
multi-family housing developmentground lease developmentuniversity housing partnership
Specifications
Service
Timeline
Jun 1, 2026-RFP Release Date
Jun 5, 2026-Disability Accommodation Request Deadline
Jul 16, 2026-Pre-Proposal Conference and Property Viewing/Inspection (optional)
Property viewing and inspection at Lot 26, 210 College Street, follows the conference. Zoom invitations are available to registered proposers who request information from the RFP coordinator.
Aug 12, 2026-Written Questions and Comments Deadline
Aug 26, 2026-APSU Response to Written Questions and Comments
Sep 23, 2026-Notice of Intent to Propose Deadline
Oct 9, 2026-Due Diligence and Final Property Viewing/Inspection Deadline
Oct 9, 2026-Phase I Proposal Deadline
Oct 14, 2026-Opening of Phase I Proposals
Nov 3, 2026-Phase I Evaluations Complete and Phase II Notifications
Jan 5, 2027-Phase II Proposal Deadline
Jan 6, 2027-Opening of Phase II Proposals
Jan 20, 2027-Phase II Interviews
Feb 10, 2027-Phase II Evaluations Complete and Evaluation Notice
Jul 8, 2027-Final Negotiations Complete
Jul 9, 2027-Notice of Intent to Award
Aug 6, 2027-Executive Subcommittee Approval
Aug 13, 2027-Lease Circulated to Successful Proposer for Signature
Aug 20, 2027-Lease Circulated to APSU and State for Signature
Requirements
Required
  • General Liability — $5,000,000.00
  • Property Insurance
  • Builder's Risk Insurance
  • Business Interruption Insurance
  • Workers' Compensation and Employer's Liability — $100,000.00
  • Automobile Liability — $1,000,000.00
Required
  • Bid Bond — $50,000.00
Scored
  • Minimum 3 references
  • Within the last 5 years
  • Client point of contact required for each reference
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