This year’s Challenge site, in a historically under-invested Chicago corridor, is a five-parcel assemblage totaling approximately 15.5-acres, or 675,000 square feet of land. The site currently consists of a single-story retail center, surface parking lots, a vacant, unimproved site, and a community recreation center with ample outdoor green space and play space (YMCA).
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Cornell and Fordham were among 11 teams from 10 universities nationwide to participate in the program. Each winning team was awarded $5,000 in scholarships, made possible by Wintrust Commercial Real Estate, toward their university’s real estate program.
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Student groups from 11 universities competed in the 11th annual Harold E. Eisenberg Foundation Real Estate Challenge on Saturday, April 10 to create a hypothetical master plan for a five-parcel site in Chicago’s South Side Woodlawn community. Cornell University won the undergraduate division and Fordham University won the graduate division. Each university was awarded $5,000 in scholarships for their real estate programs.
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The Harold E. Eisenberg Foundation’s 11th Annual Real Estate Challenge is tasking 14 collegiate teams from across the country with creating a hypothetical master plan for a five-parcel site in Woodlawn, near the Obama Presidential Center’s future home.
Read More » The Harold E. Eisenberg Foundation announced its 11th Annual Real Estate Challenge. Student teams will be tasked with creating and conceptualizing a hypothetical development plan for a site on Chicago’s South Side in the Woodlawn neighborhood near the historic Jackson Park. The site is a short walk to the Museum of Science & Industry and the future Obama Presidential Center.
Since 2011, the Eisenberg Foundation has held this annual competition that challenges undergraduate and graduate collegiate teams to assume the role of developer to create a plan to invest in a notable site or neighborhood in Chicago. Past challenge sites include the former Cabrini Green public housing projects, the former US Steel Southworks site, the former Marshall Fields/Macy’s Warehouse just north of downtown Chicago, and several additional historically significant locations.
Read More »Chicago’s own Sam Zell sees the future of certain commercial property sectors clouded by possible oversupply, but not so much by permanent shifts stemming from the COVID-19 pandemic. Office use, hospitality and central-city apartments all will rebound, while the industry icon sees potential for oversupply in a couple of currently hot sectors.
That’s among the takeaways from Zell’s wide-ranging keynote interview last week as part of the Harold E. Eisenberg Foundation’s REAL Bright Summit: Building the Future of Real Estate. The founder of Equity Group Investments was interviewed by Collete English Dixon, executive director, Marshall Bennett Institute of Real Estate, Roosevelt University.
Read More »See the exclusive interviews with Penny Pritzker (PSP Partners) and Sam Zell (Equity Group Investments) from our REAL Bright Night celebration event, part of the REAL Bright Summit.
Penny Pritzker was interviewed by Hanna Oimoen, Associate at Pritzker Realty Group and Associate Board Member of the Harold E. Eisenberg Foundation. Click the button below to view the abbreviated interview, or click here for the full-length version. Read the full interview with Penny here.
Sam Zell was interviewed by Collete English Dixon, Executive Director of the Marshall Bennett Institute of Real Estate at Roosevelt University. Click the button below to view the abbreviated interview, or click here for the full-length version. Read the full with Sam interview here.
