Stanley E. Hunt Case Series
Stanley E. Hunt Case Series History & Overview
The Paul I. Cripe Charitable Foundation, Inc., along with case sponsors Baker and Daniels and Nancy Hunt, is funding a series of case studies in honor of developer, Stanley E. Hunt, real estate developer and CEO of the Shorewood Corporation. Hunt was a big proponent of helping young people in their careers and he did so asking nothing in return except that they do the same in the future.
Douglas M. McCoy, J.D., lecturer in real estate and Director of the IU Center for Real Estate, is overseeing the creation of the case study to be taught in the real estate appraisals course each fall semester. At the end of the semester, the student groups voted to have the best overall presentation for the development of the site will win a cash award. As part of the case study curriculum, professionals from the Bloomington community who have experience with the selected case study site speak to the class.
The case series began in 2008 – we are now in our sixth year of the series and couldn’t be happier with the value this case has added to our real estate program. A large percentage of students in the real estate classes are interested in development and IU’s real estate program does not currently offer a class focused exclusively on this topic. This case study project provides students with highly valuable real world based learning in the area of real estate development.
Stanley E. Hunt Case Study 2012
Last year’s case study site was an approximate 7.96 acres fronting on and lying to the north of West 11th Street. Bloomington’s primary downtown north and south corridors of College Avenue and Walnut Street are located one and two blocks east of the site respectively.
At the time, the site was under development by Ambling University Development Group. The general contractor was Thompson Thrift. The site will be student housing with some retail and will include a parking structure and green space. Students in the R440 class were not informed of Ambling’s plans for the site until after they’d turned in their cases.
First place winners Eric Crum, Ryan Dempt, and Marc Goldberg proposed a mixed use development including a tech office building, several multifamily apartment and townhome buildings, an apartment building with retail on the first floor, and a parking garage with a significant amount of green space.
There was a tie for second between Katie Tynan and the team of Jim Dickson, Natalie Moistner, Ben Stamp, and Zack Weinstein. Tynan, going solo without a team, proposed a mixed use development featuring residential, office, retail and hotel uses along with a parking garage. The team of Dickson, Moistner, Stamp and Weinstein chose to focus mainly on retail and student housing with an urban design and green space.
Coming in third was the team of James Roller, Ryan Stern, and Brandon Zuckerman. Their development plan also include a mixed use, theirs focusing on a mix of residential options, office, and retail with a parking garage.
Stanley E. Hunt Case Study 2013
The case study site chosen for this fall is located one block south and one block west of Bloomington’s downtown courthouse square. The site is approximately a 0.85 acre rectangular shaped parcel bound on the north by W. Kirkwood Ave, the south by W. Fourth St, the east by S. Gentry St., and the west by the B-line Trail. Bloomington’s primary downtown north and south corridors of S. College Avenue and S. Walnut Street are located one and two blocks east of the site, respectively. The Crazy Horse and Irish Lion Restaurants & Pubs front on W. Kirkwood Ave, on the north side of the site.
To say the least, areas near downtown have exploded with student apartment development over the past twenty years. Probably the best known is the Smallwood development located just north of Eighth Street on College Avenue and the Tenth & College community starting at the corner of Tenth and College and expanding north and west..
Marriott has begun construction on its Springhill Suites extended stay hotel near the corner of N. Morton St. and W. Ninth St. Additionally, it has been rumored that the Convention Center, located one block directly south of the site, is considering ways to build more rooms within close proximity to the Convention Center. One should also be aware that there are vacant lots across S. College Ave. from the Convention Center that could be developed to serve this purpose. The continued development of downtown has begun to strain parking availability.
2013 Case Competition
This year’s case will culminate in a case competition to be held on:
Wednesday, November 20, 2013 at 5:30 p.m.
Virgil T. DeVault Alumni Center, 1000 E. 17th Street
On the Bloomington Campus
The winning team will receive $1000 in prize money, with second place receiving $750, and third place receiving $500. The first place team will also have their names inscribed on a plaque honoring Stan Hunt that will be displayed in the Center for Real Estate Studies in the Kelley School of Business.