Residential Multi-Family Housing Development Lease Opportunity

Austin Peay State University is seeking proposals for the lease and development of a residential multi-family housing project with ground-floor retail space on its property in Clarksville, Tennessee.

General
Open
26-05-001 / APSU 27-001
Jan 05, 2027 12:00 PM
Jun 01, 2026 12:00 PM
30 years
Request for Proposal (RFP)
State
Ask AI about this solicitation
Contacts
Patricia Walton
waltonp@apsu.edu
+19312217573
505 York Street, Clarksville, TN, USA

Jolan Baldwin
baldwinj@apsu.edu
+19312217160
601 College Street, Clarksville, TN, USA
Description

Austin Peay State University (APSU) is seeking proposals from qualified developers to plan, design, finance, construct, and operate a residential multi-family housing development on approximately 0.6 acres of leased property located at 210 College Street, Clarksville, TN. The development is intended to serve the housing needs of APSU faculty and staff, as well as the general public, fostering a vibrant mixed-use residential community. APSU encourages the inclusion of neighborhood-serving retail on the ground floor, such as a grocery or pharmacy, to enhance walkability and community vitality. The proposed lease term is approximately thirty years, with renewal options. The development must be of high quality, functional, and offered at attainable price points. Proposals should address innovative parking solutions due to site constraints. The developer will be responsible for all financing, construction, and operation of the development. APSU requires a statement of financial interests and evidence of relevant experience in multi-family housing development. A bid binder of $50,000.00 is required with Phase II proposals. The selection process will involve three phases: initial proposal review, detailed proposal submission and interviews, and final negotiation.

Classification Codes
NAICS236116New Multifamily Housing Construction (except For-Sale Builders)
PSCX1FZLEASE/RENTAL OF OTHER RESIDENTIAL BUILDINGS
Smart Codes
multi-family housing developmentground lease agreementmixed-use retail space
Specifications
Service Only
Timeline
Jun 1, 2026-RFP Release Date
Jun 25, 2026-Notice of Intent to Propose Deadline
Jul 16, 2026-Written Questions and Comments Deadline
Jul 30, 2026-APSU Response to Questions
Sep 29, 2026-Phase I Proposal Deadline
Nov 3, 2026-Phase I Evaluation Complete
Jan 5, 2027-Phase II Proposal Deadline
Jan 20, 2027-Phase II Interviews
Feb 10, 2027-Phase II Evaluation Complete
Jul 8, 2027-Final Negotiation Complete
Aug 20, 2027-Lease Signature Deadline
Requirements
Required
  • Bid Bond — $50,000.00
Required
  • Within the last 5 years
  • Client point of contact required for each reference
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