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  5. ›INNOVATION DISTRICT AT OSU-CASCADES PHASE 1 MAIN DEVELOPER

Awarded contract·Oregon State University·Oregon

INNOVATION DISTRICT AT OSU-CASCADES PHASE 1 MAIN DEVELOPER

Won by deChase‑Miksis$60MSingle Award
Contract source

Awarded vendors

  • deChase‑Miksis

Description

Oregon State University is seeking a single prime developer to lead the design‑build‑finance‑operate‑maintain (DBFOM) effort for Phase 1 of the Innovation District on its Cascades campus in Bend, Oregon. The developer will lease approximately 10 acres, deliver up to five mixed‑use buildings (the first two being a ~60,000 sf commercial/office/lab building and a ~100,000 sf multifamily residential building), and meet a net‑zero sustainability mandate. The scope also includes tenant acquisition, ongoing facilities management, and compliance with Oregon public‑works bonding, CCB licensing, and OSU equity‑contracting requirements. The procurement follows a two‑step RFP process with a mandatory pre‑proposal conference, a September 18 2025 proposal deadline, and a projected contract execution by July 31 2026. • Design‑build‑finance‑operate‑maintain (DBFOM) of mixed‑use campus buildings (≈160,000 sf total) • Net‑zero energy, water and waste goals; required CCB license and public‑works bonds • Long‑term ground‑lease (≈50‑year term) with OSU, including tenant‑program alignment and ongoing property management • Mandatory attendance at virtual pre‑proposal conferences; evaluation based on experience, approach, diversity plan, and optional presentations • Awarded to deChase‑Miksis pending contract execution (notice of intent issued 24 Jun 2026)

Attached files

Key dates

Bids closed
9/18/2025
Contract modified
9/4/2025

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Property Development
NAICS
236220
Solicitation №
2025-019181

Contract value

$60,000,000

The solicitation does not disclose a contract dollar value. However, based on the project scope (≈160,000 sf of mixed‑use construction) and typical construction costs in Oregon ($250‑$350 per square foot for commercial and $200‑$250 for multifamily), the construction component alone likely ranges from $45 M to $55 M. Adding developer fees, financing, long‑term lease considerations, and soft‑costs (design, permitting, sustainability features) could increase the total contract value to roughly $60 M – $80 M. Given these assumptions, a reasonable midpoint estimate is about $70 million.

AI estimate from the award documents

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