Congratulations to our Real Estate Development Studio students for winning the Eleventh Annual NAIOP Real Estate Challenge! This unique competition features teams from the University of Washington, the University of British Columbia, and the University of Alberta; each vying for bragging rights and the prestige associated with the mastery of the event. Students from each university’s real estate program compete from January through late March to create and present a development proposal for a multi-faceted and challenging real-world project.
The Runstad Center’s team of graduate students studied various development scenarios for the Mariners Square site in the South Wallingford neighborhood of Seattle. Their proposal, “Gas Works Flats,” represents an opportunity to build on what’s existing to transform a key site and create enduring value without a large footprint. For those who couldn’t attend today’s NAIOP breakfast, the team’s full report and full presentation are available online.
Here are some images from our exciting morning: