The University of California, Davis, has issued a request for qualifications, or RFQ, to real estate developers interested in financing, designing, building, owning and managing the first phase of Aggie Square, a new innovation hub for the university’s Sacramento campus.
Aggie Square’s initial plan includes:
- 500,000 square feet of science, technology and engineering space
- 250,000 square feet of classroom, office and coworking space
- 200 multifamily units for university-affiliated individuals
- 40,000 square feet of “community-serving” ground floor space
UC Davis has identified a series of themes that reflect university strengths, community priorities and entrepreneurial opportunities. The university has and will continue to commit significant programming and resources and recruit partners around these initial programs:
- Lifelong learning and workforce development
- Life sciences, technology and engineering
- Food and health
- Public Scholarship and Engagement
- Graduate School of Management Executive MBA Program
- Support for “Sacramento Quarter” for undergraduate students
The diverse and complex nature of the project is likely to require sophisticated teams of developers.
“We imagine that many developers may assemble teams that have individual development expertise in the different building types,” said Bob Segar, Aggie Square planning director. “We are expecting a strong response from local and national applicants.”
The RFQ lists several criteria to help recruit developer teams with the right expertise, capacity and experience to collaborate on the university’s vision. Those criteria include:
- Demonstrated success developing and managing similarly complex, mixed-use projects
- Experience working with institutions of higher education and sophisticated bureaucracies
- The resources and capacity to finance and manage this project
- Experience collaborating with organized labor
- Demonstrated commitment to diversity, equity and inclusion
Developers have until Aug. 9, 2019, to submit their qualifications to UC Davis. The university will review submissions until early September and then invite a short list of developers to submit more detailed proposals for the project. UC Davis intends to have a final developer team selected in December.
Meanwhile, UC Davis will convene meetings with experts in three of the Aggie Square themes — lifelong learning; life sciences, technology and engineering; and food and health — to identify the specific opportunities this unique project can generate.