Sealed responses will be accepted at the address below until
Tuesday, January 21, 2003:
for lease and management of a commercial retail center for the North Campus area.Request for Proposals
The Board of Trustees of the University of Illinois invites interested parties to submit proposals to provide services in connection with the outlined project development at the University of Illinois. The University's Urbana-Champaign campus is the proponent for this initiative.
Proposals for the North Campus Commercial Center project (RFP A401) will be accepted until 10:00 A.M. local time, Tuesday, January 21, 2003 at:
University of Illinois at Urbana-Champaign
Tech Plaza, Suite 212
616 E. Green Street
Champaign, IL 61820-5752
Opening of the proposals received will be on January 21 at 10:30 A.M. in Room 127, Physical Plant and Services Building, 1501 S. Oak Street, Champaign, IL 61820Purpose of the RFP
The University of Illinois (University) is issuing a Request for Proposals (RFP) for the lease and management of a commercial retail center (hereinafter referred to as the Project) through either a Leasing Agent/Property Manager arrangement (Option 1), or a Retail Master Lease Developer arrangement (Option 2) to serve the North Campus area. The Project will offer an area of approximately 17,600 square feet of net rentable "vanilla box" space that will be available for commercial tenancy. The retail space is located on the south side ground level of an approximately 1,500 car parking deck located on the block bound by University Avenue, Mathews Avenue, Goodwin Avenue, and Clark Street. Respondents may submit a proposal on either the Leasing Agent/Property Manager arrangement (Option 1) or on the Retail Master Lease Developer arrangement (Option 2) or separate responses for both. Scope of the Development
The North Campus area of the University of Illinois at Urbana-Champaign (North Campus) has been the site of an extraordinary measure of facility development. The North Campus area is bounded by University Avenue on the north, Harvey Street on the east, Springfield Avenue on the south, and Wright Street on the west, and lies within the corporate limits of the City of Urbana and the boundaries of the Campus Master Plan. The area is within easy walking distance of the Beckman Institute and most College of Engineering research facilities, including the new Thomas M. Siebel Center for Computer Science. A new facility for the National Center for Supercomputing Applications is planned immediately south of the Project site. All development is of the highest institutional standard, and each facility is contributing to a campus environment without parallel among major universities in the Midwest.
An impact of development in the North Campus area has been to increase the need for commercial support services for students, faculty, visitors, and staff who frequent this area. It is the intent of the Project described herein to expand availability of those services.
As a predominantly pedestrian-oriented portion of campus, this area lacks basic retail and service businesses that are available in the west-central campus. The locale adjacent to the potential Project area - as defined by the University's approved Master Plan - has and will continue to be a focus of campus and public activity. Development Vision/Objectives
The vision is one of a mixed-use development that would complement the campus environment and character and meet the needs of the area by providing commercial retail and service facilities. A primary objective of the Project will be to develop the commercial space meeting reasonable market and economic feasibility requirements.Management
The RFP includes two options for respondents. Under Option 1, Leasing Agent/Property Manager, a selected respondent under this option (Property Manager) would be responsible for certain leasing and property management activities of the Project. Leases would be directly between the Board of Trustees of the University of Illinois, or designated University organization, and the commercial tenant. The University envisions that under this option a formal property management agreement with the Property Manager would govern the business relationship, scope of duties and responsibilities, and consideration of the parties.
Under Option 2, Retail Master Lease Developer, a selected respondent under this option (Developer) would be responsible for managing and leasing the Project; however the Developer would lease the total rentable area of the Project directly from the University under a formal long-term master lease agreement and would in turn sublease individual demised space to commercial tenants. The University envisions that under this option a formal developer agreement with the Developer would govern the business relationship, scope of duties and responsibilities, and consideration of the parties.
Respondent, under either option, should provide a detailed outline of the proposed management model. If the Respondent is proposing to subcontract any property management or space leasing component of the Project, responses to this request should include a listing of the subcontractors and their relevant experience. The Respondent will be bound by the restrictions contained in this RFP, subsequent covenants, and appropriate agreements between the parties. Optional Pre-Proposal Meeting
An optional Pre-Proposal Conference will be held on Thursday, November 14, 2002 at 11:00 A.M. in Room 127, Physical Plant and Services Building, 1501 S. Oak Street, Champaign, IL 61820. All interested respondents may attend.
Please advise the University representative listed below of your intent to participate in this important opportunity to discuss the proposal by close of business on November 13, 2002.
Director of Purchases
Tech Plaza, Suite 212
616 E. Green St.
Champaign, IL 61820
Phone: (217) 333-3582
Fax: (217) 244-7879
(Submitted by Katharine Kral, State Purchasing Officer.)