Servitas Presents Revised P3 Student Housing Proposal

Indian River State College Real Estate, Inc. received and discussed an unsolicited P3 proposal from Servitas to design, build, finance, and operate new student housing at the Massey and Pruitt campuses. Servitas outlined revised plans that reduce hard construction costs by $10 million and significantly improve projected financial returns without requiring operational support from the College or DSO.

Scope & details

The full contract record, as filed.

Contract type

CONSTRUCTION

Contract term

Estimated 24–26 months construction; targeted Fall 2028 opening

Renewal

Unsolicited P3 proposal under review; no development agreement or concession contract has been executed or awarded as of this meeting.

Document type

AgendaPacket

Source document

Indian River State College Real Estate, Inc. Board of Directors Meeting Agenda Packet 2026-06-23

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Indian River State College?

SERVITAS was awarded this construction contract by Indian River State College, as recorded on June 23, 2026.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Indian River State College Real Estate, Inc. Board of Directors Meeting Agenda Packet 2026-06-23 (AgendaPacket), dated June 23, 2026 from Indian River State College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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SERVITAS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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