New innovation community to showcase urban vibe
SIOUX FALLS, S.D. – The USD Discovery District, an 80-acre contemporary corporate and academic research park under development in Sioux Falls, today announced it is requesting proposals for a hotel development. The request calls for a multi-story hotel on the site located adjacent to the University Center in northwest Sioux Falls. The outlined hotel development will complement the planned urban environment and enhance the District’s ability to support its research, education and business tenants.
“A hotel development in the Discovery District’s early stages will really help underscore the urban environment of the park and maximize our capacity to attract and support research and commercial activities,” said Rich Naser, Jr., President of the USD Discovery District. “Our goal is to create an innovation community for research, business development and collaboration as well as a destination for meetings, conferences and entertainment.”
The request for proposals is available online at: http://www.usddiscovery.com/requests. Letters of interest are due by March 27, 2017 and proposals due 3:00 pm central time, April 28, 2017.
“Several prospective companies have expressed the need for hotel accommodations in proximity to their anticipated future locations,” added Naser. “At full build-out, the District will include an estimated 26 privately developed buildings and employ nearly 2,800 people, underscoring this need.”
The Discovery District intends to lease a 1.5 – 3 acre site within the development to create accommodations and amenities for visitors. There are multiple sites available along West Nobel Street and North Frances Avenue–part of the recently bid Phase I infrastructure construction–which will provide the “main street” and intersection for the entrance of the park. An additional site is located W. Nobel Drive–the next phase of construction planned–and adjacent to the USD GEAR Center.
The request for proposals outlines a hotel compatible with a contemporary architectural style as illustrated in the “Discovery District Master Plan,” with construction to be completed within 18 months of the 50-year sublease.
“There has already been some interest expressed in this project and we hope to receive proposals from a broad range of developers,” added Naser. “With the continued growth of northwest Sioux Falls–there’s a real opportunity here. It’s a great location with quick access to Interstate 29, the airport and a direct route to downtown; right on the edge of the city. We want to build on that momentum and keep it going.”
The USD Discovery District is a public-private partnership effort between the University of South Dakota, the Governor’s Office of Economic Development, the City of Sioux Falls, the Board of Regents and the business community through Forward Sioux Falls. Matching funds totaling $895,000 from the State of South Dakota and Forward Sioux Falls have already been secured to fund the initial development phase estimated at $1.65M.
Proposals will be accepted until 3:00 p.m. on April 28, 2017. They will be reviewed by the District’s Evaluation Committee on criteria including experience and qualifications of projects of private/public partnerships, alignment with the Discovery District concept and brand, amenities, capacity, timely completion and immediate, short- and long-term value to the District.
Proposals will be reviewed with interviews, if any, scheduled for May 12, 2017. Final acceptance is scheduled for May 18, with an announcement planned for May 19, 2017.
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About the USD Discovery District
The USD Discovery District is an 80-acre contemporary corporate and academic research park under development in northwest Sioux Falls. The goal of this urban innovation community is to provide access to research facilities and infrastructure for research business development and spur innovation-driven businesses in an environment for students, researchers, and entrepreneurs. When fully developed, it will include an estimated 26 privately developed buildings and nearly 2,800 people will work for companies in the District.
Anchors for the park include the Graduate Education and Applied Research (GEAR) Center including its pilot-scale cGMP facility, and USD’s Biomedical Engineering Program (BME). The District development is private-public partnership between the University of South Dakota, the Board of Regents, Governor’s Office of Economic Development, Forward Sioux Falls and the City of Sioux Falls.
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