Bronx EUL Development Opportunity Sources Sought

The United States Department of Veterans Affairs (VA), under its Enhanced-Use Leasing (EUL) authority (38 U.S.C. §§ 8161- 8169, as amended), is seeking expressions of interest from qualified developers, including SDVOSBs and VOSBs, to serve as a “Developer” for purposes of developing a parking structure with at least 900 spaces that directly or indirectly benefits Veterans.

For purposes of this effort, the Developer would be a non-VA entity who has the qualifications outlined in Section V of this Notice. The opportunity would involve a Developer entering into an EUL with VA and financing, renovating/constructing, operating, and maintaining the parking structure.  

VA’s EUL authority allows VA to outlease land and improvements to selected developers (i.e., Lessees) to provide housing and/or other uses that directly or indirectly benefit Veterans, which may include certain parking structures. Such leases can have a term of up to 99 years. VA’s Office of Asset Enterprise Management (OAEM) administers the EUL Program.

The objective of this development opportunity is to repurpose assets at the James J. Peters VAMC Campus under VA’s EUL Program to the benefit of Veterans. The James J. Peters VAMC is particularly interested in a parking EUL to alleviate the significant on-campus parking shortage.