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 seventh 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 2014
The seventh annual Stanley E. Hunt Real Estate Case Competition took place at the Virgil T. DeVault Alumni Center on the Bloomington campus in November.
Student teams in the R440 class were asked to come up with a development plan for a site in downtown Bloomington. The top four teams from the class were then invited to compete in the case competition. Prize money, provided by case sponsors Cripe Architects + Engineers, Faegre Baker Daniels LLP, and Nancy Hunt, was awarded to the winning teams.
Real estate professionals were invited to speak to the class throughout the semester to discuss their area of expertise as it related to the case site. Speakers this semester were Dave Keller, Sr. Managing Director, HFF; Wilhelm Kreuzer, Principal, Tartan Realty Group; Tom Micuda, Planning Director, City of Bloomington; and Steve Smith, Site Engineer, Smith Brehob and Associates.
The case study site chosen for this fall is one full city block located between 4th street to the north and 3rd street to the south, bordered by Washington Street to the west and Lincoln street to the east. The property is presently owned by the First United Methodist Church, which owns and maintains its church building on the block north of 4th street, immediately to the north of the site. Located to the north across 4th Street is the First United Methodist Church, which boasts a large and well-connected congregation. To the south is the Bloomington Police Department, to the west is the Old National Bank building, and to the east is a city block that contains a City of Bloomington fire station along with various disconnected niche restaurants including Baked!, Turkuaz Café and Lucky Express. Just one block away to the west is the new Bloomington Transit Center presently under construction. The popular Kirkwood Avenue is located only one block away.
First place winners Zach DiCarlo, Kate Knutson, Tom Lester, and Ravi Narsinghani proposed Presidents Square, a three-story mixed use development project featuring a state of the art medical office, first floor retail, young professional housing, and structured underground parking.
Taking second place, Cameron Burk, Austin Friedman, Wes Mehr and Jared Rubin proposed The Village, a mixed-use, multi-building development including townhomes, retail, and garage space situated around a central courtyard.
Coming in third was the team of Ryan Crowe, Dillon Gilman, and Austin Fair. Their plan called for the development of a small community for independent senior living called Indiana Oasis Independent Living featuring full amenities such as medical services, fitness center, recreation room and a dining room. Their plans included a parking structure in the inner courtyard with one level of parking below grade and a walkable garden on the roof.Stanley E. Hunt Case Study 2015
Site TBD. More details to follow.
2015 Case Competition
This year’s case will culminate in a case competition to be held in November at the Virgil T. DeVault Alumni Center. Date TBA.
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.