Nick Banks, managing director of Front Street, was invited to judge the student presentations in Dr. Kent Malone’s Real Estate Development class at UF’s Bergstrom Center for Real Estate Studies on Wednesday. The Real Estate Development course is a graduate-level course in the Hough Graduate School of Business at UF, attracting an interdisciplinary group of students from the MSRE (Master of Science in Real Estate), MBA, MSF, Design, Construction and Planning, as well as Urban Planning and other graduate programs. Nick and the other two judges, Andy Hogshead of Collier Companies, and Keith Crutcher of Sooner Management, acted as equity investors that the students were pitching their projects to.
The students chose sites in Gainesville and presented a variety of projects including multi-family, office, mixed-use and single tenant net leased investment. Many of the development sites chosen for the projects were Front Street listings. Each of the eight teams gave a seven minute presentation and then the judges had the opportunity to ask questions.
All the projects were very well presented, professional, and insightful as to market conditions and economic assumptions. The winning project was a project called Kentro Downtown presented by Kevin Jund, Jon Sieg, Chris Johnston, and Humphrey Piccus. Their project was a small mixed use project in downtown Gainesville that included an urban grocery component as well as about 45 boutique residential units.