COMPREHENSIVE REAL ESTATE DEVELOPMENT (CRED) - NEW CONSTRUCTION
Thursday, May 19, 2016, 9:30 a.m.
Friday, May 20, 2016, 4:30 p.m. EDT
Philadelphia, PA, United States
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Using a case study approach, participants will learn the fundamentals of real estate development using actual development projects as “backdrops” to the concepts, applications and detailed discussions. Leading community-based real estate developers and practitioners will present a case study on the Nicetown Court 1 project, an $11 million dollar low income housing tax credit (LIHTC) mixed-use development in Philadelphia, Pa. They will highlight the problems, challenges and opportunities encountered. Participants will have the opportunity to tour the project site and examine the overall structure of the development project, focusing on the analyses behind the investment strategy and community impact.
The workshop will provide participants with an insider’s view on how the Nicetown Court 1 project was conceptualized and developed. For each CRED location, consideration will be given to property and site analysis, market conditions, municipal approvals, acquisition strategy, construction or renovation costs, economic viability, and community and governmental relations. The workshop will be taught by experienced real estate developers and their team. The NJRA Real Estate Development textbook will serve as a tool to supplement the lectures and discussions. By examining actual development projects, participants can expect to gain a thorough understanding of the strategies and the details of a development project from beginning to end for a new development, Non-Profit community development or municipal-led redevelopment project.