Course Number: 48-725
Real Estate Design and Development
This course will study the real estate development process and explore the
interdependence of financial investment drivers and the creation of this
built environment. Classroom learning, exercises and guest-lectures will
introduce students to the concepts of market, location and valuation, as
well as the basic techniques of real estate finance including development
budgets, operating profromas, return analysis, and lender requirements.
Parallel to this investigation, students will have opportunities to study
real world developments and interface with the development professionals
that executed them to learn how development drivers shaped the development
process and decision-making.
The semester's effort culminates in a feasibility study of a development
site. Students will complete a basic market analysis, program evaluation,
zoning, deeds, liens and a determination of financial feasibility. Students
will study how market demand, tenant requirements, site constraints, and
available capital affect feasibility, and through this the ultimate design
solution. Development practitioners will interface with student teams
during this case study to offer "real world" guidance on student proposals.
This course is located at the School of Architecture.