ULI Colorado - Unmasked: Economic Recovery and Real Estate in Colorado

When

2021-08-19
2021-08-19T08:30:00 - 2021-08-19T18:45:00
America/Denver

Choose Your Calendar

    Where

    Various Locations

    Pricing

    Standard Pricing Until August 19 Members Non-Members
    Private $40.00 $55.00
    Public/Academic/Nonprofit $40.00 $55.00
    Retired $40.00 N/A
    Student $10.00 $55.00
    Under Age 35 $25.00 $55.00
    Join ULI Colorado as we reunite in person for the Summer Explorer Series. After a morning virtual panel, attendees can choose an afternoon insider tour hour of Continuum’s 26-acre 9th+CO hospital redevelopment, or Downtown Westminster, the 100-acre, city-led redevelopment of a dying mall. Both tours will be followed by a networking happy hour sure to make you forget you ever tried to network over Zoom.
     
    Virtual panel: Has the P-word fundamentally changed real estate? What the are the implications for various product types, as well as affordable housing, and DEI?
     
    Agenda: 
    • 8:30am-9:30am -- Virtual Panel 
    • 4:30pm-6:45pm  -- In-Person Tours and Happy Hour (You may chose to attend either the 9th + CO tour or the Downtown Westminster tour) 
    Note: Your registration includes attendance to the Virtual Panel in the morning and one of the In-Person Tours. 
     

    Speakers

    Speaker

    John Burke

    Capital Projects Administrator, City of Westminster

    John worked as a Civil Engineer in the private sector for 10 years, and has invested the last 12 years working for the City of Westminster. Currently John is the Downtown Development and Construction Manager. Prior to that, he managed over $30 million dollars in infrastructure projects to complete Westminster Station which is part of RTD’s Commuter Rail system called the B-Line. He is now turning his focus to help the City in bringing the vision of becoming the next Urban Center on the Front Range to fruition.

    Speaker

    George Ruther

    Housing Director, Town of Vail

    George Ruther is the Director of Housing in Vail, Colorado. With more than 25 years of mountain resort community experience, he is an expert in the creation and successful implementation of master plans and long-range planning initiatives focused on addressing resort community’s most challenging issues. Capitalizing on his extensive Community Development Director experience, George has most recently transitioned to lead and direct the Town of Vail’s newly formed Housing Department. Under his leadership, the Housing Department is directly responsible for policy development; housing regulation implementation, compliance and oversight; lottery administration; program administration; and developments and initiatives which increase the overall supply and availability of housing opportunities within the community and throughout the region. The availability and affordability of housing remains the #1 most critical issue facing the Vail community. George was directly responsible for facilitating and overseeing the development review process and implementation strategies of Vail’s New Dawn. The New Dawn initiative included more than 50 new development and infill redevelopment projects with a total construction valuation of more than $2.5B resulting in more than $15M in new incremental sales tax collections since 2008. George’s process facilitation, project management, economic development, and master planning skills were again tapped to retain Vail’s second largest employer, the Vail Valley Medical Center, and ensure the successful $200M reinvestment and redevelopment of the medical center’s campus.

    Speaker

    Frank Cannon

    Continuum Partners, LLC

    Frank Cannon is a partner with Continuum Partners and serves as president of the Union Station Neighborhood Company, a joint venture entity created by real estate development companies Continuum Partners and East West Partners, which serves as the master developer for the redevelopment of Denver Union Station, a nearly $500 million public-private partnership that is transforming Denver Union Station into a multi-modal transit hub. He was appointed by the Mayor of Denver and serves as the current chair of the Denver Downtown Development Authority. He serves on the board of directors of four downtown Denver metropolitan districts, special taxing districts responsible for providing public infrastructure and services. Mr. Cannon is a member of he Urban Land Institute Public Private Partnership Council, on the board of directors of Denver Civic Ventures, and as an active member in both NAIOP and the Denver Metro Chamber of Commerce. Mr. Cannon is a graduate of the University of Colorado, College of Architecture and Planning.

    Speaker

    Andrew Knudtsen

    Managing Principal, Economic & Planning Systems, Inc.

    Andrew Knudtsen AICP, CCIM Managing Principal Education Bachelors of Environmental Design, Magna Cum Laude Univ. of Colorado, 1987 Previous Employment 2012-current Managing Principal, Economic & Planning Systems, Inc. 2001-2012 Associate to Principal Economic & Planning Systems 1998-2001 Principal The Housing Collaborative , LLC 1990-1998 Special Projects Planner, Town of Vail 1988-1990 Planning Associate City of Boulder Affiliations CCIM – Certified Commercial Investment Manager ULI – Member of the Explorers Committee AICP – American Institute of Certified Planners State of Colorado Governor’s Blue Ribbon Affordable Housing Panel Publication ”Urban-Suburbia”, Urban Land, October 2008. Presentations Railvolution “Value Capture for the Rest of US” Seattle, WA Appraisal Institute “Transit Oriented Development: Value Capture and Market Positioning” San Diego, CA Urban Land Institute “Quantifying Sustainability” Washington, D.C. Sonoran Institute Summit “Real Estate Premiums and Sustainable Development Trends” Bozeman, MT Andrew Knudtsen is the Managing Principal for the Denver office of Economic & Planning Systems. He is a planner and economist with 20 years’ experience addressing the full range of economic issues related to real estate development, including market analysis, financial feasibly, public finance, redevelopment strategies, fiscal balance assessment, affordable housing, and P3 term sheet negotiations. Andrew’s client base is approximately half private sector developers and half public sector entities, with much of his work involving the intersection of the two. The direction of most of his work is to ground decision making with solid data, vetted through sensitivity analyses, leading to viable projects that advance community goals. SELECTED PROJECT MANAGEMENT EXPERIENCE P P P , F e a s i b i l i t y , a n d P u b l i c F i n a n c i n g Fredericks Road Joint Development, San Antonio, TX Represented transit agency in negotiations with developers seeking to build on land acquired by VIA for TOD projects. Built pro forma. Assessed degree of risk. Included public financing layers. Recommended partnerships in which returns were reasonable and VIA’s interests were advanced. S u s t a i n a b i l i ty Smart Growth Demand in Northern Rockies, CO, MT, and ID Documented the successes and failures of smart growth development in the Northern Rockies for the Sonoran Institute. Identified premium for smart growth and key drivers with greatest traction among residents. Used primary survey data, interviews, and secondary data to identify the socio-economic drivers of demand for six towns, estimated their correlation to capture rates and premiums, and provided direction about future needs for other Rocky Mountain communities. R e g i o n al M a r k et D e m a n d Housing Demand Forecast, Oklahoma City, OK Housing demand study and citywide survey that assessed demand for housing by geography, age level, income, and preferences. Quantified housing demand by age, tenure, and income level, and identified elasticity of demand for various types and neighborhood qualities. I n f i l l R e d e v e l o p m e n t Highway 42 Urban Renewal Authority Analysis, Louisville, CO Evaluation of redevelopment potential in 55-acre urban renewal area adjacent to downtown. Completed market analysis and provided feasibility models for site-specific future projects. Evaluated public financing options and estimated bond proceeds under different development scenarios. S i t e P r i o r i t i z a t i o n VIA Metropolitan Transit Authority, San Antonio, TX Evaluated over 225 acres of real estate holdings in 13 parcels for the transit authority to rank and prioritize their real estate development program. Used numerous qualitative and quantitative metrics to assess the potentials for each parcel. Aggregated rankings under three categories including Development Readiness, Market Strength, and Transit Supportiveness. F i s c a l Adams County Fiscal Model, Adams County, CO Constructed fiscal model for county to document County revenues, expenditures, and capacity to meet Level of Service benchmarks. Loaded the model with alternative development scenarios to identify net costs to County. Worked directly with the Adams County BOCC to develop fiscally-grounded land use policies. Economic & Planning Systems, Inc. The Economics of Land Use 730 17th Street, Suite 630 ? Denver, CO 80202 303.623.3557 ? aknudtsen@epsdenver.com ? www.epsys.com

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