Instructions:
All RFP documents and relevant addenda will be posted in the Bid Package file sharing portal at the link under Related Information, titled "View Bid Package."
Proposals must be submitted no later than 5:00 p.m. CT on Wednesday, December 7, 2022. Proposals must be submitted electronically through the Airtable link located under Related Information, titled "Submit Proposals Here," managed by U3 Advisors on behalf of the City of Fort Worth.
To confirm a test submission or if you have questions regarding the solicitation process, please email tamus-fortworth-rfp@u3advisors.com.
Summary:
The City of Fort Worth (“City”) is soliciting proposals in collaboration with the Texas A&M University System (“A&M”) and Tarrant County (“County”) for selection of a real estate developer (“Developer” or “Respondent”) to enter into a real property ground lease and development agreement for approximately 1.86 acres of land in Downtown Fort Worth. The project is part of a larger site, totaling approximately 3.54 acres, that will be the TAMUS Fort Worth Campus – a mixed-use hub for education, innovation, and corporate collaboration.
The A&M System, owner of the sites, envisions three new buildings across four parcels that will house the Texas A&M University School of Law (“Law School”) and other A&M functions alongside private firms in a manner that encourages innovation and entrepreneurship within an urban research campus environment. A&M intends to self-develop the new Texas A&M Law & Education building. The A&M System intends to enter into a long-term ground lease (under nominal terms) with the City (either directly or via a special purpose entity such as a Local Government Corporation (“LGC”) for the remaining parcels. The City or the LGC will in turn sublease the property and enter into a development agreement with the Developer.
The City invites Developers to submit proposals to ground lease and develop two of the properties in a manner that fulfills the vision, goals and objectives of A&M, the City, and the County. Another parcel that will be a central plaza for the campus may be included in an agreement with the Developer. The remaining parcel, which will primarily house Law School and A&M functions, and which will not include any commercial space, is intended to be self-developed by A&M under a separate process, in which the selected Developer will participate in order to ensure continuity across the projects.
Proposals shall be in accordance with the terms, conditions, and requirements set forth in this Request for Proposal (“RFP”).