Urban Development Practicum

3 Credits · Level: Graduate

The complexity of real estate development increases dramatically in projects comprising more than one building on one lot. In this class, we will explore techniques for the redevelopment of several blocks in urban neighborhoods using an interactive case study method. Students will assume roles in development teams and propose actual urban design and financial solutions to two problems developed by the Urban Land Institute (ULI). The first problem, UrbanPlan, is a hypothetical look at an urban neighborhood where students will propose a mix of product types in response to market demand, political requirements, social needs, and physical constraints. The proposals will be then be evaluated for their financial viability. Working in a development team, each student will perform a defined role in the development process to better understand the interests that influence complex urban development. Utilizing these skills, students will address a larger project located on a real site in an American metropolis, using the problem posed by ULI in their annual Hines Competition. Responding to market needs through the correct mix of uses placed in a sensitive design will be key to project success. This is a chance for students to assume the creative role of master developer of a high visibility project encompassing several blocks in a neighborhood of regional importance. Again, students will respond to the problem working in competing teams. This is an intensive fast-paced course, requiring thorough preparation for weekly teamwork in devising solutions. Not only will student’s creativity be called on, but their ability to sell their ideas to the team and outside reviewers.