The University of St. Thomas will be hosting NAIOP’s 9th University Challenge, a competition across 5 universities where student teams act as development consultants for a potential redevelopment project. This year the site is a 1.91 acre site at the intersection of University Ave and Washington Ave in the “heart” of the University of Minnesota’s campus.
Join us Thursday afternoon, April 12 at the University of St. Thomas Minneapolis campus as the teams, including: the University of St. Thomas, University of Minnesota, University of Wisconsin-Madison, Marquette University and University of Northern Iowa; present their project concepts with a reception at Brit’s pub immediately following.
The concept which illustrates the highest and best use for the subject property will be awarded grand prize. The concept must be profitable yet feasible (provided current market conditions) and must conform to zoning regulation and site constraints which includes three existing structures. Following, the participants will identify major strengths, weaknesses, opportunities and risks for the trade area and proposed project.
Judging the competition will include: Kent Carlson, Anderson-KM Builders; Ben Fazendin, Grandbridge Real Estate Capital; Patty Gnetz, U.S. Bank; Dan Oberpriller, Reuter Walton Construction; and Mark Reiling, Cassidy Turley.