26-001 RFP Public-Private Partnership (P3) for Student Housing

Austin Peay State University is seeking a private partner to design, construct, finance, operate, and maintain a new student‑housing development on its “Lot 30” site in Clarksville, TN. The project will deliver approximately 400‑600 fully furnished apartment‑style units (including a limited studio component) plus extensive common‑area amenities, parking, and campus‑style building systems. The developer will assume full responsibility for construction and ongoing custodial, maintenance, and facilities‑management services, while the university retains leasing, billing, and residence‑life programming. Compensation will be structured through a ground‑lease revenue stream (up‑front payment, guaranteed rent, profit‑sharing, or similar) and a per‑bed service charge of $690. The project is slated for occupancy in Fall 2029, with a competitive multi‑step evaluation process culminating in a Best‑and‑Final‑Offer (BAFO) stage. • Scope: Design‑build‑finance‑operate a 400‑600‑bed student housing facility (including studios ≤ 20 % of mix) with full furnishings and extensive common‑area amenities. • Delivery: Ground‑lease model; developer provides construction, O&M, and financing; university provides leasing, IT, and student‑life services. • Timeline: RFP issued Sep 11 2026 → Proposal deadline Oct 7 2026 → BAFO deadline Apr 1 2027 → Intent‑to‑award Apr 15 2027 → Occupancy Fall 2029. • Financials: $690 per bed service charge to university; developer proposes ground‑rent structure and may include purchase‑option. • Evaluation: Multi‑step scoring (Step 1 = 50 pts, Step 2 = 115 pts, BAFO = 75 pts) with mandatory requirements, experience, technical, financial, and presentation criteria.