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 2013
The sixth 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; Tom Micuda, Planning Director, City of Bloomington; Steve Smith, Site Engineer, Smith Neubecker and Associates; Jeremy Stephenson, CEO, REI Investments; and Eric Stolberg, President, WS Property Group, Inc.
The case study site chosen for this fall is currently under construction by Indianapolis based developer REI Investments, Inc., and will be a Hyatt Place hotel. The site is adjacent to the busy B-Line Trail and is located directly across the street from the popular pubs Crazy Horse and Irish Lion on Kirkwood Avenue. Bloomington’s beautiful and active courthouse square is located only one block north and one block east of the site, while the Indiana University campus is located approximately six blocks east of the site.
First place winners Nick Barrett, John Mike Block and Ben Foley proposed The Bloom on Kirkwood, a five story mixed use development project incorporating a full service, state of the art hotel, and first floor retail and structured parking.
Taking second place, Ben Akinbola, Brad Altum, and Adam Stater proposed The Kirkwood Trail, a four story mixed use apartment building with retail on the first floor and a target market of young professionals. The team argued that there will be an increased demand for housing for the future employees of the growing technology sector within Bloomington’s Technology Park.
Coming in third was the team of Marius Beckermann, Giancarlo Riso, Frank Tcheukado, and Bryce Tobias. Their plan called for the development of a five story upscale boutique hotel combined with an exclusive ground floor restaurant.
Stanley E. Hunt Case Study 2014
The old downtown post office site has been chosen for fall 2014. More details to follow.
2014 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.