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15 Program Spotlight: Real Estate Challenge HEEF's annual Real Estate Challenge provides students with a hands-on opportunity to apply what they are learning in their university courses to the real working world of real estate. Students work alongside industry leaders as they are tasked with real projects on the forefront of Chicago real estate. The 2016 Real Estate Challenge featured nine student teams acting as individual development companies presenting their responses to a Request for Proposal from the City of Chicago to form a joint venture and redevelop a dynamic project on the former Englewood Mall Site. Once a thriving commercial corridor with three department stores, Englewood and the Englewood Mall have been in decline since deurbanization and the emergence of the suburban shopping mall in the 1950's and 1960's. The student teams were challenged to create realistic proposals aimed at restoring the 7.4 acres of land, located at 63rd and Halsted, to its former glory. The City looked for teams to submit proposals that were both realistic but also metamorphic for the area in the years to come. The University of Illinois at Urbana- Champaign won the 2016 Challenge title for their exceptional presentation concept, which incorporated diverse retail offerings, an abundance of community space, and numerous mixed-income residential units. Honorable Mentions were awarded to Roosevelt University and the University of Missouri. The 2016 judges panel included Toni Foulkes (Chicago Alderman of the 16th Ward), Craig Huffman (Principal, Ascendance Partners), Alfred Klairmont (President, Imperial Realty Company), and Aarti Kotak (Managing Deputy Commissioner, Bureau of Economic Development at City of Chicago). Philanthropy In Action Real Estate Education The winning team was comprised of Ben Skinner (team leader), Ines Andrade, Nick Bartholomew, Austin Pye, Ryan Hamerick, and Eliseo Elizarrarez. Team advisors included Roger Cannaday, Steve Leonard, Peter Caruso, and Jim Kurtzweil. 2016 Real Estate Challenge committee members. Judges panel at the 2016 Real Estate Challenge.

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