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ULI Northwest Arkansas Incremental Development Alliance Workshop
Pricing
Pricing | Members | Non-Members |
---|---|---|
Private | $170.00 | $230.00 |
Public/Academic/Nonprofit | $170.00 | $230.00 |
Retired | $170.00 | N/A |
Student | $150.00 | $230.00 |
Under Age 35 | $150.00 | $230.00 |
LOCATION
Fayetteville Town Center
15 W Mountain St.
Fayetteville, AR 72701
Fayetteville, AR 72701
The Small Scale Development Workshop on small scale real estate development is all about project formation. We take a big picture view of neighborhood-based development to to help attendees analyze what makes a good project, how a building makes money, and how small developers interact with the broader ecosystem of professionals in the build environment.
REGISTRATION FEE
ULI and Inc Dev. Members: $170
Students and YLG Members: $150
Non-Members: $230
More information about the Incremental Development Alliance can be found here: https://www.incrementaldevelopment.org/workshops
WORKSHOP AGENDA
Welcome and Introductions
Power of the Incremental Approach: Incrementalism is best paired with time. By rooting in a neighborhood, building relationships and making many small improvements over time, a small developer can build wealth in their community.
Business Models and Skill Sets: What kind of projects are you interested doing? How will that be structured? What skills do you have and whose help do you need?
Right-Sizing your Project: By evaluating zoning, financing tools, and building codes, a project can conform to systemic thresholds that control costs and minimize risk.
Building Arts 101: A small developer who understands architecture, urban design and planning fundamentals can create more value with their project while contributing to the health, safety, and welfare of their community.
Market Research & Site Selection: Finding the right site or building as the critical first step to any development project. Understand how to establish a baseline range for the rents, sales, and other variables in your neighborhood and pay the right price for property.
Lunch at the Venue: Included with Registration
Zoning: Understand the key regulatory basics that shape a project’s physical forma nd the typical processes that govern what is allowed by right versus social permission.
Project Pro forma: Get familiar with a financial pro forma template and the important concepts, key terms, and industry jargon that show how a building makes money.
Hands-on site Planning and Pro forma Activity: Apply everything learned so far in the day to layout a building on a site by following a sample zoning code and then filing out a project pro forma to see how the project performs financially under many conditions.
Financing a Project: A great project needs a great plan for obtaining permanent mortgages and construction/renovation loans. To get there, a small developer will need a written financial package and a verbal pitch to present to a bank and/or private investor.
Buying a Property: A basic overview of the process for purchasing property and the elements of the crucially important due diligence process.
Wrap Up: Q&A and Next Steps.
Conclusion
Questions about Registration: Candi Adams, [email protected]