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2021 Virtual Real Estate Challenge
Saturday, April 10 @ 9:30 am - 4:00 pm
ABOUT THE PROGRAM:
The Harold E. Eisenberg Foundation’s Annual Real Estate Challenge matches teams from selected universities in a competition focusing on a high-profile development/redevelopment project in the Chicago Metropolitan area. Each team is assigned the same case site and provided the same essential information and/or assumptions about the property. The students’ development plan must constitute a comprehensive analysis and conclusion of how to maximize the potential of the property from both a quantitative (financial) and qualitative (feasibility) standpoint.
Undergraduate Division Winner: Cornell University
Team: Jenny Bai, Jonah Deich, Abhimanyu Goyal, Samantha Khatchadourian, Alicia O’Neil, Johanna Tadie
Faculty Advisor: Daniel Lebret
Industry Mentors: Steve Rachman, Marcus & Millichap, Terry McCollom, McCollom Realty, and Mahze McQueen, T. Dallas Smith & Company
Graduate Division Winner: Fordham University
Team: Orion Hinkley, Adelaide Farrow, Gabriel Seidel
Faculty Advisor: Peter Buckey
Industry Mentors: David Gaines, JLL, Amanda Friant, JLL, Jolene Saul, Brinshore Development, and Mark Stern, JLL
Check out the photos, preliminary presentations, and final presentations from the 2021 Challenge! View the winning team’s proposals.
ABOUT THE 2021 VIRTUAL CHALLENGE
The Harold E. Eisenberg Foundation presents the 11th Annual Real Estate Challenge featuring site partners, the Chicago Department of Planning and Development, and DL3 Realty.
Looking to leverage external capital, build local wealth, and provide economic development opportunities in their community, the owners of five separate parcels (the “Stakeholders”), led by the Chicago Department of Planning and Development, and DL3 Realty, united to request master plan development proposals for the assemblage of their sites (the “Challenge Site” or “Site”). The Stakeholders are seeking proposals for a mixed-use, mixed-density district to link the Woodlawn Community to Jackson Park and the future Obama Presidential Center, aspiring to continue the rich Chicago culture of dynamic development along the urban edges of the City’s great parks.
The Challenge Site is situated on two transit arteries, 63rd Street and Stony Island Avenue. Proposals should inspire a new vision for Stony Island Avenue as a Great Street of Chicago and emphasize the re-establishment of 63rd Street as a neighborhood destination with a unique sense of place that builds upon the community’s history and character.
The virtual Challenge will focus on renewed real estate programming to bolster the vitality of the neighborhood and make an anchor investment in a historically under-invested corridor. The winning team will receive a scholarship of up to $5,000!
2021 PARTICIPATING JUDGES
Tuesday, April 6: Collete English Dixon, Marshall Bennett Institute of Real Estate at Roosevelt University, Hugh Williams, MK Asset Management, Michael Wilkinson, LEVEL Incorporated
Wednesday, April 7: Naomi Davis, Blacks in Green, Gabriel Escaba, Shapack, Ryan Green, DL3 Realty
Thursday, April 8: Tania Kadakia, DL3 Realty, Luke Mich, Chicago Department of Planning and Development, Drakia Wilkins, Lendlease
Saturday, April 10: Clarence Carson, Chicago Public Schools, Maurice Cox, Chicago Department of Planning and Development, Claudia Herasme, Chicago Department of Planning and Development, LB Johnson, Walmart, Al Klairmont, Imperial Realty, Cherryl Thomas, Wintrust Board of Directors, Leon Walker, DL3 Realty
2021 PARTICIPATING TEAMS:
Undergraduate Teams: Cornell University, Ferris State University, Indiana University, Marquette University, University of Illinois at Urbana-Champaign, University of Michigan, University of Notre Dame, University of Texas at Austin
Graduate Teams: DePaul University, Fordham University, University of Michigan
SUPPORT OUR ANNUAL CHALLENGE:
Donate to fund the educational endeavors of the Harold E. Eisenberg Foundation, like our Real Estate Challenge, and help open doors and close the opportunity gap for the next generation of industry leaders.