Tag Archive for: real estate partnership

Broward College wants to work with developers to build a commercial project on 15.5 acres of its Davie campus.

The college issued an Invitation to Negotiate (ITN) with private parties on April 17. The deadline to respond is May 29.

The available property is at the southeast corner of its campus along Davie Road, including Seahawk Lake and several parking lots. A deal would require approval of the college’s Board of Trustees. Development could take place as early as 2021.

“Real estate partnerships are certainly not new to us,” said Broward College President Gregory A. Haile. “In recent years, we have looked to partner with the private sector to leverage college assets, and thus reduce our reliance on tax payer funding. Resources derived by this enterprising model will serve to enhance the lives of our students and our contributions to the Broward County community.”

The ITN doesn’t include a requirement that the development on the BC campus include an educational component. It states the responses will be evaluated based on the experience of the developers and the project’s ability to “maximize the college’s financial return.” It also says enhancing the “student/faculty experience” on campus will be a factor.

BC has over 27,000 students on that 150-acre campus, which is near campuses for Nova Southeastern University and Florida Atlantic University.

Seahawk Lake could be relocated as part of a new stormwater master plan BC could work on with the developer, according to the ITN.

In addition to the 15.5-acre development site, proposals in the ITN could include the redevelopment of BC Buildings 1 and 2 and a test track used by law enforcement, according to BC. There is a significant amount of deferred maintenance on those buildings and the college would not need to replace them. However, it would probably need to relocate the test track.

“We look forward to the development opportunities this endeavor can offer,” said Broward College Board Chair Gloria Fernandez. “In addition to improved infrastructure, it will help us generate revenue to offset costs, keep tuition affordable, and prioritize student success initiatives.”

Zaida Riollano is BC’s point of contact for ITN submissions.

Several years ago, BC approved a similar deal with Stiles Corp. to build a mixed-use tower on its downtown Fort Lauderdale campus.


Source: SFBJ