URP 525– Financing Development Projects 1
Course No.: 20294
Department: Urban and Regional Planning
Semester: 2018 Fall
Location: Hayes Hall – 217
Meeting Day(s): Monday
Meeting Time: 12:00 PM - 2:40 PM
This course is a “core” requirement for graduate students in the School’s Real Estate Development program. It also serves as an elective for advanced graduate students in both Urban Planning and Architecture who have a particular interest in urban development projects, and how they are put together successfully. The course is also highly recommended for MUP candidates who are completing a Specialization in either Urban Design or Community Development and Urban Management. The purpose of the course is to familiarize future planning, design, and development practitioners with the complex process by which projects are actually brought into being.
The cartoon above captures the essence of the process. Most developers are carrying out multiple projects in varying stages of development at any given time. The “science” of the process will be covered, as well as the “art” of knowing when to buy land, how long to hold it while gauging the demand for space, figuring out how to develop it, and determining how long to hold it before selling and investing in the next project or projects.