Webinar: ULI Deal Profiles -- The Owyhee and the Tomorrow Building

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Date:
September 12
Time:
1:00 pm - 2:00 pm
Category:
Venue:
Live Online
Address:
Online DC United States
Organizer:
Center for Capital Markets

Other

Netforum Event ID. You can find it here: http://netforum.uli.org/eweb//DynamicPage.aspx?site=ULIMC&webcode=ULIEventsSearch&ord=evt_start_date
079817b2-ea04-4e50-8e64-87c81f5442c5
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**Webinar Time is in Eastern Standard Time**

This is a complimentary, ULI members-only webinar. Want free access to this and other ULI webinars year-round? Become a member today! 

Learn from two ULI Deal Profiles about two developers who pioneered downtown housing in their mid-sized cities by renovating historic hotels into mixed-use buildings. The developers of The Owyhee in Boise, Idaho and the Tomorrow Building in Chattanooga, Tennessee will compare notes on how each identified a market niche, located additional equity investors, convinced skeptical appraisers, overcame cost overruns, collaborated with downtown agencies, and managed complementary uses.

 

Developer Clay Carley from Old Boise, LLC will present The Owyhee, built as a hotel in 1910 but now encompassing 55,683 square feet of office, 36 apartments, and restaurants and convenience retail. The building was built in 1910 as a grand hotel, and is fondly remembered by many local residents. Its redevelopment included the first newly built apartments in downtown Boise in decades, and established that a market existed for luxury apartments and creative office space. Many local lenders and investors passed on the Owyhee’s renovation, but out-of-town investors saw its potential both during redevelopment and after completion.

 

Developer Tiffanie Robinson from Lamp Post Properties will present the Tomorrow Building, a four-story, 40,000 square foot building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888. After a $9.5 million transformation, it houses 39 furnished micro-unit apartments, shared social and work spaces, and four locally owned retailers. The building’s developer is part of an incubator for early-stage companies, which has found that the co-living concept has helped with retaining employees.

 

 

Developer Lorenzo Perez from Venue Projects in Phoenix will moderate a discussion between developers and lenders about placemaking with commercial renovation.

 

Speakers:

Lorenzo Perez (Moderator)
Co-Owner
Venue Projects
Phoenix, Arizona
ULI Member Since: 2005

Lorenzo is co-founder and directing principal of Venue Projects, an inspired redevelopment practice based in Phoenix, Arizona. Advocating for local community, culture and commerce, Venue crafts one of a kind environments and experiences throughout the Metro Phoenix market. A native Phoenician, Lorenzo holds a Bachelors Degree in Architecture from Arizona State University, an active Arizona real estate license, and has been working in the Valley real estate development industry over 20 years.

 

Clay Carley
General Manager
Old Boise LLC
Boise, ID
ULI Member Since: 2000

Clay is general manager of Old Boise, LLC, which has redeveloped approximately 200,000 square feet of historic commercial properties in the downtown Boise historic district over two decades. He is currently chair of the ULI Idaho District Council, and previously was president of the Downtown Boise Association and Boise Elevated. Clay holds a Bachelors in Philosophy from the University of California at San Diego.

 

Tiffanie Robinson
President/CEO
Lamp Post Properties
Chattanooga, TN

Tiffanie serves as the President and CEO of Lamp Post Properties. She fell in love with Chattanooga when she moved to the city in 2007 and is grateful to be a part of the exciting growth that’s taken place over the last 10 years. Tiffanie spends her time thinking of strategic partners and pathways for LPP. She enjoys musical theater, Stevie Nicks, karaoke and playing with her kids, Elijah and Redding. Her husband, Mike, is pretty cool too.

 

Eve Picker
Founder/President
SmallChange.com
Pittsburgh, PA
ULI Member Since: 2005

Eve is the founder of Small Change, a real estate equity crowdfunding platform that raises funds for meaningful real estate projects building better cities everywhere. Through Small Change, she has created a fluid and compliant technology platform that brings impact investment opportunities to everyone who cares about cities and wants to make change. Among her many urban (ad)ventures, Eve has developed a dozen buildings in blighted neighborhoods, founded a non-profit called cityLAB, and built Pittsburgh’s first tiny house, organized a speaker series, launched a Pittsburgh e-zine called Pop City, and established downtown Pittsburgh’s first co-working space. She also co-founded Pittsburgh’s wildly successful Open Streets program.