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How to Make Money and Make a Difference in Urban Redevelopment

2/19/2007 --

Faculty member Peter Allen will lead all-day workshop at Ross March 2.

ANN ARBOR, Mich.---The Ross School of Business will host a workshop on how to make money and make a difference in urban redevelopment 8 a.m.-5 p.m. March 2 in Room 0540, Executive Residence.

“Downtown Vitality: The Future of Development” is sponsored by the Michigan Real Estate Club and Peter Allen & Associates. Course highlights include: identifying downtown opportunities and assembling parcels, finding your way through government approvals, financing downtown developments and producing a profitable bottom line for your investors.

“The timing for this seminar is ideal because auto-dependent, single-purpose development has high vacancies and difficulty obtaining public approvals," said Peter Allen, an urban planning developer who teaches at the Ross School. "Opportunistically, revitalizing downtowns is a key component of every community’s master plan.

“The idea of doing compact, pedestrian-oriented, mixed-use development is a very viable option as demonstrated by two key demographics---the 25-to-30 niche of young, creative professionals and empty-nesters. These two niches are driving the demand for walkable urbanity development. This course is geared specifically for how to successfully develop small, mixed-use downtown projects.”

In addition to Allen, the one-day workshop will be taught by real estate attorney Robert Berlow of Kickham Hanley; commercial mortgage banker Lawrence Hadley, president of Hadley & Associates; Thomas Wackerman, president of ASTI Environmental, a brownfield restoration and risk assessment firm; and William Watch, president of First Commercial Realty & Development.

The agenda will include lunch and a bus tour of Ann Arbor developments, as well as an optional reception and dinner beginning at 5:30 p.m.

Registration is $275 by Feb. 27 and $300 after that date. For more information and/or to register, e-mail RealEstateExecEd@umich.edu and attach a short biography, list of real estate accomplishments and information on a project for possible class discussion.



For more information, contact:
Bernie DeGroat
Phone: (734) 936-1015
E-mail: bernied@umich.edu