Real Estate Development
Reimagining the Industrial Waterfront
Pre-Development Analysis
Design By Development
The Art of the Development Proposal
MSRED Co-Curricular Activities
Project Destined
ULI / Hines Student Design Competition
Capstone: Development Case Studies
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Real Estate Development

The Masters of Science in Real Estate Development (MSRED) degree program is a one-year, full-time, immersive learning environment for the technical training, intellectual advancement, and practical formation of the most accomplished and prepared professional for the real estate industry. The MSRED program is uniquely resourced to provide the various theoretical explorations and technical skills needed for the real estate sector, in addition to effective training in the synthesis of decision-making through development projects and pertinent industry case studies.

The conceptual construct of this amalgamated learning is immediately referenced to the fundamental theories of urban planning and architectural design at GSAPP. Instructors who practice at the top levels of their respective professions in New York City provide the necessary technical knowledge from various disciplines—such as finance, market analysis, construction methods, law, data science, and project management—to perform in the industry. The application of the theory and skills to resolving various real estate challenges and issues are given rich, complex, and exciting examples in New York that also connect and have implications globally.

Furthermore, with the growing entrepreneurial and technologically advanced environment of Columbia University, the program includes training and proficiency in real estate databases and the digital tools of analysis, with the opportunity to explore emerging applications being investigated in the Center for Urban Real Estate, the affiliated research laboratory. It is anticipated that within this rich, innovative environment, the program’s curriculum development will continue to produce further synthesized forms of teaching and research to produce the most effective, intellectually progressive, and multi-faceted real estate professional.

Spring 2021
Reimagining the Industrial Waterfront
In the Reimagining the Industrial Waterfront: Utica’s Harbor Point studio, students develop components of a vision for a new mixed-use community on a remediated 100-acre waterfront site located alongside the historic harbor in Utica, New York, a once-booming industrial city located 95 miles west of Albany. The “client” is the Harbor Point Development Corporation, an entity created by the government to facilitate development by issuing design guidelines, overseeing a competitive procurement process, and crafting the public-private partnership that will unlock value at this formerly industrial waterfront site. The students’ work is expected to serve as a foundation and inspiration for the development guidelines moving forward. The site offers challenges and opportunities. Areas around Harbor Point suffer from chronic flooding due to its location in a Mohawk River floodplain; students considered ways to address this resilience issue as part of their work.
Students: Jasmine Jalinous, Zhenting Jiang, Susan Lee, Devansh Mehta, Ian Wach, Chia Jung Wen
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The Utica Harbor Point Project aims to link the historic inner harbor along the Mohawk River and Erie Canal to the greater ecosystem of Utica, NY. Our team is considering a three-phased approach. Phase A will begin with the development of a Park along the long axis of the site, Phase B will consist of mixed-use development, and Phase C will add a residential component. This joint effort between the private and public realms will result in an innovative development that will revitalize Harbor Point and add to the history of the area. Today, our Development Team is focusing on Phase B, a proposal of 75 affordable housing units, 75 market-rate units, and 24,000 SF of pure commercial and residential space. Due to high levels of demand resulting from anticipated growth in population and employment, along with planned new developments in the area, the proposed development of the site aims, not only to fulfill a housing need but also to embark on a new urban dimension for Utica’s historic Harbor Point. Through low-income housing tax credits (LIHTC), equity, and debt, the Development Team will look to revitalize the area by developing a new state-of-the-art facility for community members to live, work, and play.
When designing this project, we took into account numerous factors that would affect both Harbor Point and Utica in general. The project had to be both cost-effective due to Utica’s sensitive residential market price and consistent with Harbor Points waterfront nature. This project’s success would lead to the future development of Harbor Point, so we focused on numerous aspects like unit mix, design, and uses of the buildings. Focusing mainly on the affordable residential complexes, we tried to address the area’s population problem and offer the residents cheap but modern living alternatives. We had to take into account the fact that Utica’s residential market is itself on affordable housing, so we had to keep our development and rental costs in a limited amount. Throughout the planning stage, we focused on the following objectives: To increase pedestrian foot traffic to Harbor Point; Develop new affordable residential complexes with Utica prices; Develop public spaces to attractive for residents; To start economic activity in Harbor Point.
Mohawk Landing: Utican Utopia
The development site is a 5-acre waterfront space, sitting between Delta Park and the post-indust...
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Harbor Point Development
Acting as a catalyst for both Utica and the Mohawk River Valley, the Harbor Point Redevelopment w...
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Confluence at Harbor Point
Confluence at Harbor Point acts as a socially equitable beacon of attraction. The project consist...
Fall 2020
Pre-Development Analysis

The class introduces students to the initial processes that a developer would go through before committing to purchase or develop a specific site. Classes are devoted to specific stages of pre-development analysis: market conditions, specifically economic, financial, and competitive issues; rules, entitlements, and regulations associated with a particular site; relevant site conditions; neighborhood context; and community concerns.

Students apply material and techniques covered in class to one of three specific sites selected by the student on a block in Harlem. Each week “adds a layer” to the student’s familiarity with the site and its potential, so that by the final week of class students feel comfortable defining and defending a concept, design, and basic pro forma for a development project at their chosen site.

Students: Thomas Abreu, Michael Adelstein, Jeffrey Adler, Hajir Al Khusaibi, Andrew Allyn, Kevin April, Varudh Assakul, Kyle Bacon, Alexander Ball, Mateo Bolivar, Tom Bourne, Tomas Buitrago Botero, Brendan Cavender, Zhirong Cen, Duen-Chieh Chen, Hong-Syuan Chen, Patrick Chen, Agnes Cheung, David Chillura, Kelly Connelly, Brandon Conrad, Alexander Cutrona, Harry Day-Reiss, Juan Carlos de la Garza Madero, Han Deng, Hongze Deng, Danielle Dib, Maxwell Djakasaputra, Han Du, Elaine Feng, Maria Figueira, Alexander Fraser, Brianna Friedman, Sean Go, Reed Gordon, Jacob Greenberg, Eryn Halvey, Jungmoon Ham, Shamkhal Hasanli, Lauren Haverlin, James Ho, David Holiner, Yaolan Huang, Yong Huang, Lauren Hyland, Spyro Jacobson, Mohan Jia, Bradley Jones, JinSu Joung, Colin Joy, Mustafa Kamil, Abdulaziz Kanoo, Sarah Khalfoune, Ayoung Kim, Keith Kito, Jacob Kurosaki, Nicholas Laffin, Ching-Yu Lai, Daanish Lalani, Alfonso Larrain, Ji Yoon Lee, Jinkil Lee, Nailantei Leperes, Ququ Li, Sissi Li, Yixuan Li, George Liao, Mario Lio, Thomas Lord, Zhixia Lu, Alexander Lynch, Qianyue Ma, Olivia McCaughey, Eshan Mehta, Daniel Millan, Nicolas Nefiodow Pineda, Tsz Hing Ngai, Cuong Nguyen, Maoyuan Ni, Oliver O'Donnell, Rohan Parekh, Gabriel Perl, Jacob Polachek, Kylie Pond, Marc Raiman, Thi Ratirattananont, Hankai Ren, Miller Robinson, Lavy Rosenthal, Sebastian Salas, Svetlana Samandyk, Oliver Schwalbe, Rosario Scumaci, Robert Sears, Elliot Shahery, Keyuan Shan, Qi Shan, Jingyi Shao, Gregory Shin, Stephen Steckel, Chongshi Sun, Zheyue Sun, Yeshu Tan, Tianchun Tang, Ziang Tang, Jeremy Tenenbaum, Audrey Tirtohadiguno, Jonathan Torrey, Randy Y Xuan Wang, Tian Wang, Weicheng Wang, Xinyue Wang, Yangziyan Wang, Yu Wang, Yujia Wang, Jonathan Weinbaum, Jiwen Wu, Xian Wu, Yuheng Wu, Larry Xu, Wenshao Xu, Ziwen Yan, Siyuan Yin, Ji I Yoo, Chloe Yu, Haochen Zhang, SiQi Zhang, Xiaobo Zhang, Will Zhao, Bowen Zheng, Jiafeng Zheng, Haolan Zhou, Jingren Zhou, Ting Zhou, Jingru Zhu
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The proposal for a Central Harlem-based site is a mixed-use project that includes multifamily and retail spaces.
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The Harlem Hangout is envisioned to be the new hangout spot in Central Harlem. The project will be a mixed-use development providing the neighborhood and the surrounding area with public space, diverse retail, community facilities, and housing.
Spring 2021
Design By Development

Urban development projects require a complex design resolution of numerous, often-competing objectives ranging from responding positively to the neighborhood context, incorporating the attributes desired by the intended occupants, achieving high aesthetic quality, and clearing investment return hurdles. Between the developer leading the project delivery and the architect designing the physical manifestation that meets all these objectives, a critical dynamic occurs: the various objectives are defined, detailed, and resolved in the project’s program, layout, design, and specification. The outcome has significant consequences for many stakeholders and a permanence that is a legacy of both the architect and developer.

This course explores this design/development dynamic, understanding the complexity of competing objectives, interrogating the typical processes of resolution, critically examining various projects as outcomes, and contemplating potential modifications and improvements. This learning exercise utilizes recent and current development projects.

Students: Varudh Assakul, Tom Fairbank Bourne, Tomas Buitrago Botero, Brendan James Cavender, Brandon Taylor Conrad, Alexander Francis Cutrona, Brianna R Friedman, Sean Go, Reed Stephenson Gordon, Lauren Marie Haverlin, You Jin Hwang, Mustafa B Kamil, Ching-Yu Lai, Daanish Hadi Lalani, Alfonso Jose Larrain, Yoo Jin Lee, Olivia Dionne McCaughey, Eshan Mehta, Daniel Millan, Thi Ratirattananont, Elliot Michael Shahery, Gregory Shin, Tianchun Tang, Weicheng Wang, Yuheng Wu, Siyuan Yin, Chloe Yu, Chuyang Zhou
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“We are excited to bring downtown Brooklyn’s newest project to the market. Our proposed 620,000 SF mixed-use center is composed of two striking towers which will deliver best-in-class living spaces, hospitality suites and amenities, and communal gathering venues.”
Fall 2020
The Art of the Development Proposal

This course introduces students to the comprehensive nature of creating a development proposal and provides an overview of the process including the integration of finance, marketing, spatial programming, architectural design, and urban planning. Using the request for proposals (RFP) as a framework, students learn how to analyze an RFP, evaluate the real estate opportunity it presents, craft a vision that meets the demands of the market and the needs of the community, maximize value for the municipality and the developer, and prepare a professional development proposal. Students also develop core competencies in presenting a convincing and compelling written, verbal, and visual presentation.

This mini-studio uses the RFP as a vehicle to better understand a comprehensive approach to creating a real estate development proposal that synthesizes various social, political, economic, and spatial factors into a cohesive vision that can be communicated in a concise and compelling manner. The class evaluates the scope of work called for in the RFP and analyzes the possibilities within the RFP given current trends in the market, the make-up of the neighborhood, and interests in the community. In assigned teams, students utilize various strategies and techniques to create a clear vision for the project; develop a compelling initial design, massing, program, and Pro-forma; outline a strategic and competitive response to the RFP; and present a winning proposal.

Students: Michael Stuart Adelstein, Hajir Saleh Al Khusaibi, Joud Hasan Irshaid Al Shdaifat, Tom Fairbank Bourne, Brandon Taylor Conrad, Maria Eugenia Figueira, Alexander William, Malise Fraser, Brianna R Friedman, Shamkhal Hasanli, Nicholas James Laffin, Alfonso Jose Larrain, Sissi Li, Qianyue Ma, Olivia Dionne McCaughey, Sebastian Salas, Tianchun Tang, Charlotte Ziye Yu, Ting Zhou
South By Westbeth
South by Westbeth is a mixed-use project which will provide 57,400 square feet of new commercial ...
Westbeth Artist Housing: Leading the Future of Community and Care
In order to celebrate and maintain Westbeth’s artistic character and innovative building layout, ...
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Westbeth Artists Housing Redevelopment Proposal
In 1970s when Westbeth Artists Housing opened, it was meant to be a self-sustaining living, work,...
Westbeth Greens and The Belltower
Westbeth Greens and The Belltower (“The Project”) is Harebell’s response to a public Request For ...
Westbeth Renewed
Our project will seek to secure the long-term future of Westbeth and the preservation of the exis...
Fall 2020 and Spring 2021
MSRED Co-Curricular Activities

Organizer: Joshua Gonzalez, Impact Investing Club President: Sarah Khalfoune, Social Chair: Mustafa Kamil, Social Chair/Host: Joshua Gonzalez | Videography: Mustafa Kamil
Walk the High Line

Organizer: Mustafa Kamil, Social Chair: Sarah Khalfoune, Social Chair/Videography: Mustafa Kamil
Pirate Studios

Organizers: Sarah Khalfoune, Social Chair: Mustafa Kamil, Social Chair/Host: Sharul Sonthalia, Alumni: Amelia Guise, Alumni/Videography: Mustafa Kamil
Sumaida + Khurana

Organizer: Design Driven Development Club (Maxwell Djakasaputra and Alex Cutrona, Co-Presidents), Host: Sumaida + Khurana, Videography/Social Chair: Mustafa Kamil
Project Destined
The MSRED program has partnered with nonprofit organization Project Destined since 2018. The mission of Project Destined is to transform minority youth into owners and stakeholders in the communities in which they live, work and play. During the 2020-2021 academic year, MSRED students and alumni mentors including Michael Adelstein ‘21 MSRED, Brendan Cavender '21 MSRED, Lauren Hyland '21 MSRED, Josh Gonzalez '21 MSRED, Rasul Hafizov '19 MSRED, and Harry Chen '20 MSRED worked with undergraduate participants to develop the presentation decks below.
Team CBRE: Bute Mehaj, Anling Chen, Nikol Spasova, Patina Yang, Kimberly Miles Lawson, Joshua Lozada, Edwenn Lavina, Oriel Nottea, Michael Muthee, Jason Abolencia Jr., Emely Bonilla, Hesiel Gutierrez
Team BGO: Marcus Aguirre, Papa Osei-Otopah, Marella Doltaire, Mark Esquivel, Isaiah Williams, Djely B. Kouyate, Kenny Oyewole, Antony Edge, Ayomide Ayedun, Tosin Rahman
ULI / Hines Student Design Competition

During the Spring 2021 Semester, MSRED students Yeshu Tan, Kylie Pond, Andrew Allyn; MArch student Lin Hou; and MSUP student Zeineb Sellami won Honorable Mention in the 2021 ULI Hines Student Competition for their design proposal titled “The Bowline.” Advisors included Professor Kate Ascher; Adjunct Assistant Professor Johnny Din; Claire Weisz, principal-in-charge at WXY Studio; and Andy Golubitsky, founding partner of Astral Properties.

Project Description

“The Bowline will leverage its position at the nexus of the East Village, Paseo West and Downtown Kansas City to create a verdant and connected mixed-use development. The project will activate the area surrounding the East Village Transit Center to secure the neighborhood as an integral 18-hour community, simultaneously stitching together the urban fabric with the broader region and advancing development beyond the constraints of the highway system. Within these pillars to connect the city, secure its position as a center for culture and innovation, and advance a vision for new connections and discoveries, The Bowline will serve as a catalyst for future progress.”

—Yeshu Tan, Kylie Pond, Andrew Allyn, Lin Hou, and Zeineb Sellami

Capstone: Development Case Studies