Active SLED Opportunity · NEW YORK · NEW YORK
AI Summary
SUNY seeks information on developing new student housing via long-term ground lease on campus land, focusing on financially viable and sustainable projects.
The purpose of this RFI is to acquire information and market intelligence regarding the potential development of new student housing and supporting amenities on SUNY campus land. The development opportunity is enabled by authorizing legislation that permits a long-term ground lease of State-owned land. SUNY is exploring the potential development of new on-campus student housing through a long-term ground lease structure in which the primary public contribution is the availability of campus land under a long-term leasehold interest. SUNY is particularly interested in development approaches that fully leverage the value of the ground lease structure and result in financially viable, self-supporting projects. This includes approaches that thoughtfully align program, scale, revenue strategy, and sustainability to support long-term feasibility.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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