D VISION a Proposal to Rehabilitate 200 South Division Ave

d_VISION A Proposal to Rehabilitate 200 South Division Ave

An investment opportunity that cannot be passed up!

200 S. Division was home to a Goodwill Retail Establishment Placemaking Initiatives: Storefront Windows, Sidewalk Café, Rooftop Terraces

Investment Summary CHERRY STREET SHELDON AVENUE IRR 52% Return on Cost 20% Cash on Cash Return 2.07x

S. DIVISION AVENUE Purchase Price $2,250,000

200 S. Division Ave, Grand Rapids, Michigan d_VISION EXECUTIVE SUMMARY To: Peter Allen, Professor, The University of Michigan, Ann Arbor From: Mabel Kessler, MUP ‘15; Alex Lieberman, BBA ‘15; Kevin Swanson MArch ‘15; and Julia Upfal, MUP ‘15 Date: December 12, 2014 Subject: Proposal to Rehabilitate 200 South Division Ave, Grand Rapids, MI

The Heartside Neighborhood of Grand Rapids is an excellent emerging neighborhood to invest in and we have chosen to do so with a property that has endless potential. d_VISION is a large mixed-use building lodged between two Silver Line BRT stops. Before we purchased d_VISION, the building was an Oldsmobile Dealership and more recently a Goodwill store. Currently, Cherry Hill Health Network occupies a significant amount of office space in the building, and we hope to develop a partnership with them and maintain their presence in the future. The d_VISION building currently spans 95,517 square feet, of which 44,845 square feet of is unoccupied and will be renovated by our firm to be used for retail and office space. We hope to add an additional 32,400 square feet of construction to the building, which we will split up into several units of residential apartments and condos. Our mixed-use building will offer a wide-range of sought after amenities, from two terraces with plenty of green space to an underground parking garage with secure access.

The modeling that we did made financial projections based on approximately $5,225,000.00 in equity and $1,575,000.00 in debt resulting in a levered IRR of 52% and a stabilized NOI of $1,064,780.28. d_VISION is the addition that Grand Rapids needs. We would like this project to serve as an anchor of the Heartside Neighborhood and as a popular destination for residents and visitors of Grand Rapids as a whole. We believe this project will increase foot traffic and draw attention to the charm and positive energy that Heartside has to offer.

Sincerely,

Mabel Kessler, MUP ‘15 Alex Lieberman, BBA ‘15 Kevin Swanson, MArch ‘15 Julia Upfal, MUP ‘15 Research & Document Design Financials & Comparables Design & Site Analysis Research & Writing d_VISION

TABLE OF CONTENTS

RESEARCH DESIGN FINANCIAL ANALYSIS

Grand Rapids Site Considerations Construction & Concepts Costs Demographic Profile Placemaking Comparables Strategy Market Assumptions Analysis Creative Interventions Transportation Property Connection Pro Forma Unit Analysis Power of Ten Sensitivity Our Vision & Amortization Amenities

Stakeholder Analysis RESEARCH Grand Rapids d_VISION | Grand Rapids is a thriving city located along Michigan’s west coast. The local population is 190,411, making Grand Rapids Michigan’s second largest city. In the last few years, new developments in Grand Rapids have led to many new economic opportunities for residents and investors; cultural events, such as Art Prize, have made Grand Rapids into a welcoming place for visitors, new infrastructure has been built to keep up with local growth, and public transit improvements have been made to increase accessibility. In Grand Rapids, philanthropy and public- private partnerships are commonplace and heavily responsible for the vibrant downtown the city is home to today. DESIGN Grand Rapids’ close proximity to Lake Michigan has helped it to become a main stop among Michigan travelers who frequent Chicago and to beachgoers heading to Michigan’s west coast. Grand Rapids boasts a very diverse Art Prize installation 2013 population and is an excellent place for residents of all ages. With many emerging neighborhoods and growth in its The Rankings Are In! FINANCIAL urban core; it is clear that Grand Rapids offers a healthy and desirable market to invest in. Nation’s Best Place to ANALYSIS Own Rental Property! According to All Property Management, Grand Rapids is the nation’s best market for landlords.

Nation’s Best City for Raising a Family! Out of the 100 largest metros, Forbes ranked Grand Rapids the number one city for raising a family.

Number 4 Best City for Finding Employment Ranking is based on the unemployment rate, the diversity of industries, the cost of living, the range in size of companies offering employment, and high level of education among residents.

One of 15 U.S. Cities with ‘Emerging Downtowns’! Grand Rapids is attracting reinvestment and population 200 S. DIVISION AVE growth in the downtown. Public- private funding has helped develop GRAND RAPIDS, MI Art Prize has made Grand Rapids a cultural ‘hot spot’ significant capital projects and planning initiatives. Sources: Triad Real Estate Partners, forbes.com, allpropertymanagement.com, careerbliss.com, mlive.com RESEARCH Demographic Profile d_VISION | The demographic profile of Heartside is illustrative of the people who live there and the market potential of the neighborhood. Heartside has a higher population density than the rest of Grand Rapids due to its close proximity to Grand Rapids’ downtown. Although Heartside struggles economically, with a high unemployment rate and a very low median household income, the neighborhood shows clear signs of resilience and we would like to be DESIGN included as a part of Heartside’s revitalization effort.

Heartside Grand Rapids Renter Year Born Demographic Market Share

FINANCIAL Population 2,059 188,040 1977-1996 Millenials 78%

ANALYSIS Population Density (per sq. mile) 4,342 4,274 1946-1964 Baby Boomers 13%

Median Age 32.6 31 Varies Traditional/ Non-Traditional Families 9%

Median Household Income $13,495 $39,227 Total 100%

Unemployment Rate 16.10% 8.80%

Median Age Population Density Median Household Income

200 S. DIVISION AVE GRAND RAPIDS, MI

Sources: ACS 5-Year Estimates: 2009-2013, Triad Real Estate Partners RESEARCH Market Analysis d_VISION | Grand Rapids is a great emerging market for investors to capture value from. College graduates Downtown Employment and young professionals have been moving to the city in increasing numbers. Empty storefronts are regularly being replaced with thriving local businesses and new planning initiatives have been introduced to accommodate a more urban lifestyle for Grand Rapids’ residents. Vacancy rates in Grand Rapids have decreased sharply since 2010, and rents in Grand Rapids have slowly increased in that time. With patterns of development showing no signs of slowing, it is evident DESIGN that now is the perfect time to invest in Grand Rapids. Downtown & Heartside Rental Market FINANCIAL ANALYSIS Rental Vacancy Rate: Grand Rapids, MI, US Rental Occupancy

580 784 1092

437 515 553 723 1053 1659

294 866 246 1322 2214

Studio Bedroom Rental Single Bedroom Rental 2-Bedroom Rental Average Rent: $580 Average Rent: $784 Average Rent: $1,092 200 S. DIVISION AVE Luxury Rent: $866 Luxury Rent: $1,322 Luxury Rent: $2,214 GRAND RAPIDS, MI Our Rent: $715.75 Our Rent: $875.75 Our Rent: $1,035.75

Sources: Department of Numbers, rentometer.com, Triad Real Estate Partners RESEARCH Transportation Connection d_VISION | Current Planning Initiatives in Grand Rapids: - The Midwest region is committed to developing high speed rail infrastructure to serve the region. This would make travels between Detroit, Chicago and Grand Rapids quicker and easier. - Just earlier this year, Grand Rapids opened its first Bus Rapid Transit line. - In October, a new Amtrak station was opened to service Grand Rapid’s residents in a way that DESIGN allows for more connections to other local transit options. - Grand Rapids continually evaluates and improves its award winning sustainability and climate adaptation plan. FINANCIAL - Last year, Grand Rapids’ voters approved a new parks tax that will provide the funding for ANALYSIS significant repairs to many of the city’s parks.

Transit Options Grand Rapids is close to many great travel destinations

The Rapid Central Station Travel Time Grand Rapids to Detroit 2 hours & 20 mins Silver Line BRT Stations Grand Rapids to Chicago 3 hours Grand Rapids to Lansing 60 minutes 131 Amtrak Grand Rapids to Lake Michigan 40 minutes Greyhound Grand Rapids to Traverse City 2 hours

CHERRY STREET Megabus SHELDON AVENUE

DIVISION AVENUE DIVISION Bike Lanes & Sharrows

Heartside to Downtown 200 S. Division Ave

N 1/4 Mile Radius 200 S. DIVISION AVE 1/2 Mile Radius GRAND RAPIDS, MI

Sources: Department of Numbers, Greater Grand Rapids Bicycle Coalition, walkscore.com RESEARCH Power of Ten d_VISION |

8 1. Rosa Parks Circle 6 2. Downtown Market

3. Founders Brewery

4. Grand Rapids Art Museum DESIGN 10 1 5. Urban Institute for Contemporary Founders Brewing Company Arts FINANCIAL 4 9 6. Devos Place Convention Center 131 5 ANALYSIS 7. Van Andel Arena

8. Medical Mile 7

CHERRY STREET 9. Grand Valley State University SHELDON AVENUE 10. Grand Rapids Community College The Silver Line BRT Central Station 3 DIVISION AVENUE DIVISION

200 S. Division Ave 2 1/4 Mile Radius 1/2 Mile Radius N 1 Mile Radius Silver Line BRT Rosa Parks Circle

200 S. DIVISION AVE GRAND RAPIDS, MI Grand Rapids Art Museum UICA Van Andel Arena Devos Place Convention Center Medical Mile RESEARCH Amenities d_VISION | Within a 1/4 Mile

Restaurants (11)

DESIGN Bars (8)

FINANCIAL Coffee Shops (2) 131 ANALYSIS Entertainment (2)

Shopping (10) CHERRY STREET Grocery (1) SHELDON AVENUE Parks (2)

200 S. Division Ave DIVISION AVENUE DIVISION 1/4 Mile Radius

Amenities 1/2 mile 1 mile Restaurants 70 100 Bars 14 18 Coffee Shops 14 26 N Entertainment 7 11 200 S. DIVISION AVE Shopping 25 49 GRAND RAPIDS, MI Grocery 3 5 Parks 5 6 RESEARCH Stakeholder Analysis d_VISION |

Cherry Hill Health Network The Cherry Hill Health Network is currently situated in the DESIGN d_VISION building. As we move forward with our development, we hope to create a strong partnership with Cherry Hill Health Network and maintain their tenancy in our building. FINANCIAL The Right Place ANALYSIS The Right Place is Grand Rapids’ main economic development arm and a critical resource for us as we move forward in establishing d_VISION. The Right place can help us to get the information and resources we need as we continue our pursuit. The Rapid Interurban Transit Partnership One of the greatest benefits of the site we selected for d_ VISION is its optimal location between two Silver Line stops. Consulting with the Rapid will help us to integrate our vision for our development with the existing transit infrastructure.

Local First Local First is a non-profit organization in Grand Rapids that provides support for local businesses and organizations. Cathedral of St. Andrew Recently, Local First was awarded half a million dollars The Cathedral of St. Andrew is one of Grand Rapids’ most to promote economic development and placemaking distinguished churches and is located directly next to the in Grand Rapids. Consulting with Local First will help d_VISION building, in fact, we will share a driveway with the us to understand how to implement best practices in church. We hope to leverage a positive relationship with them placemaking as we develop d_VISION. 200 S. DIVISION AVE as we move forward in our development. GRAND RAPIDS, MI DESIGN Site Considerations & Concepts d_VISION | CHERRY DIVISION PARK CHERRY STREET OUR BUILDING The corner across from our site A historical brick road An old car showroom, Important Design Concepts is a well-known and successful that connects our with a beautiful brick façade urban park with a large fountain. site to the Grand River. along Division Avenue. - Preserve the historical character of the existing building. RESEARCH - Address, embrace, and excite the corner of Cherry and Division. - Activate the pedestrian friendly sidewalk along Division. - Sheldon, the lower traffic road, utilize for residential and office entry. - Match the neighborhood scale while anticipating future density. - Use green, sustainable, and energy efficient building methods. FINANCIAL ANALYSIS

205 DIVISION APARTMENTS HEART OF THE CITY New high-end apartment A successful health clinic building across the street which is owned and operated by with a 6 month waiting list. the same group as our building. CHERRY STREET SHELDON AVENUE

SOUTH DIVISION AVENUE CHURCH + CATHEDRAL A major circulation artery Directly adjacent to two to downtown with a churches which provide extra multitude of boutique retail. pedestrian traffic on weekends. SOUTH DIVISION AVENUE SOUTH 200 S. DIVISION AVE GRAND RAPIDS, MI DESIGN Placemaking Strategy d_VISION | Exciting the Live, Work, and Play Experience Leveraging the site considerations, the design aims to excite the sidewalks along Division and Cherry with RESEARCH street side dining, planters, and large open doors to provide a porous storefront. Taking advantage of the large building footprint, we will implement a beer garden on the roof to really add to the sense of third place. The slower zones, Division and the southern parking spaces, will be utilized for office and residential entry.

Activated pedestrian sidewalks Rooftop beer garden FINANCIAL Residential and office entry zone ANALYSIS

Complete streets, with outdoor dining CHERRY STREET SHELDON AVENUE SOUTH DIVISION AVENUE SOUTH 200 S. DIVISION AVE GRAND RAPIDS, MI Rooftop beer garden to provide a sense of third place DESIGN Creative Interventions d_VISION | EXISTING CONDITIONS RENOVATED CONDITIONS

Solid structure with stairs to the roof Add 2 levels of residential condo or apartment units Construction Cost PSF RESEARCH - 32,400 sf with 48 units total Estimates Large building footprint Maximize sun exposure while utilizing the leftover space for rooftop activity Retail $338,584.00 $22.66 - beer garden + private office and residential terraces 14,940 sf of vacant space along sidewalk Convert to retail and activate the sidewalk along Division Avenue Office $920,980.91 $10.49 - urban grocer and restaurant / bar Residential $3,252,252.00 $61.37 58,830 of occupied Class B Office Provide minor updgrades and lease bwwack to current tenant Permits and fees $38,183.09 $0.25 - automatic rental returns during other construction Total $4,550,000.00 $29.21 21,945 sf of vacant Class B Office Fully renovate to Class A office with an open floor plan and access to the roof - ideal for tech or creative company FINANCIAL 13,000 sf of vacant Basement Convert to parking - 48 parking spaces total ANALYSIS RESTAURANT / BAR RESIDENTIAL UNITS

URBAN GROCER CLASS A + B OFFICE SPACE

ROOFTOP BEER GARDEN PRIVATE ROOFTOP TERRACE

N 200 S. DIVISION AVE GRAND RAPIDS, MI DESIGN Unit Analysis d_VISION |

Residential Floor Plan

RESEARCH Studio Units 1 Bedroom Units 2 Bedroom Units

Unit Breakdown FINANCIAL Type Quantity Size Plan typical of two levels Studio 20 500 SF ANALYSIS of new construction 1 Bedroom 18 700 SF above existing building 2 Bedroom 10 980 SF

1 Bedroom Unit Rendering

Unit Plan Key 3 1 Dinging Room 4 Bedroom 5 5 6 2 Living Room 5 Bathroom 1 4 3 Kitchen 6 Balcony 6 5

2 4 5 4 3

1 2 6 1 2 6 3 4 5 200 S. DIVISION AVE GRAND RAPIDS, MI Studio Unit Plan 1 Bedroom Unit Plan 2 Bedroom Unit Plan DESIGN Our Vision d_VISION | CREATING BALCONIES Pulling back the additional levels a few feet RESEARCH from the existing facade will allow us to create private balconies for each unit.

FINANCIAL ANALYSIS

ADDING RESIDENTIAL LEVELS ACTIVATING THE SIDEWALK Adding two levels of residential units will add to the Providing dining tables and seating on the 200 S. DIVISION AVE diversity of the mixed-use focus of our project, plus sidewalk outside of our restaraunt bar and housing is in extremely high demand in this area. urban grocer will enhance the pedestrian GRAND RAPIDS, MI experience and welcome visitors. DESIGN Our Vision d_VISION | IMPLEMENTING CONTEMPORARY MATERIALS The existing facade is impossible to match, so we will use RESEARCH contemporary materials to create a complimentary design. This will also allow us to leverage sustainable and eco-friendly materials.

FINANCIAL ANALYSIS

MAINTAINING THE HISTORICAL FACADE HIGHLIGHTING THE BUS STOP The existing facade has a beautiful two-tone By taking care of and highlighting one of the 200 S. DIVISION AVE brick face which we plan on maintaining primary bus stops in downtown Grand Rapids, because of its attractive character. we will encourage its use and increase the GRAND RAPIDS, MI enjoyment of local users. FINANCIALS | Construction Costs d_VISION Retail Renovations Cost Breakdown Total Cost Cost PSF Residential Development Cost Breakdown Total Cost Cost PSF Office Renovations Cost Total Cost Cost 20 studio Apartments - Breakdown PSF Sidewalk landsaping $10,000.00 structural enhancements and framing for - $200,000.00 $20.00 Occupied Class B Office Total $10,000.00 additional stories install roofing - $80,000.00 $8.00 Minor Renovations $50,830.00 $1.00 Urban Grocer install kitchen $15,000/unit $300,000.00 $30.00 Total $50,830.00 $1.00 RESEARCH Remove tiles, polish $10.00 install bathroom $6,000/unit $120,000.00 $12.00 cement install door $250/door, $500/unit $10,000.00 $1.00 Unoccupied Class A Office Install Windows $500/window, $1000/unit $20,000.00 $2.00 Create Open Floor Plan $43,890.00 $2.00 New lighting $5,000.00 $0.50 install walls seperating units $2000/wall, 1 wall/unit, 1 additional $42,000.00 $4.20 wall (remove existing walls and Repaint Walls $10,000.00 $1.00 install lighting $1000/unit $20,000.00 $2.00 doors) DESIGN Public Restrooms $15,000/bathroom, 3 stalls $30,000.00 $3.00 install hardwood floors - $80,000.00 $8.00 Install New Lighting $10,000.00 $0.46 install drywall/insulation - $30,000.00 $3.00 Install Commercial $25,000/ kitchen $25,000.00 $2.50 Remove flooring, Polish install plumbing $5000/unit $100,000.00 $10.00 cement Kitchen install HVAC $10,000/unit $100,000.00 $10.00 Wall separating - $5,000.00 $0.50 Total - $1,102,000.00 $110.20 Public Restrooms $15,000/ $30,000.00 $1.37 businesses 18 one bedroom units - bathroom, structural enhancements and framing for - $252,000.00 $20.00 3 stalls Replace Windows $14/psf of glass, 14 3x12 $7,056.00 $0.71 additional stories Remove plaster from windows install roofing - $39,000.00 $8.00 walls to expose brick Total $18.21 install kitchen $15,000/unit $270,000.00 $21.43 install bathroom $6,0000/unit $108,000.00 $8.57 Total Restaurant/Bar install doors $250/door, $750/unit $13,500.00 $1.07 Class A Office Roof - Remove tiles, lay down $44,460.00 $9.00 Install Windows $500/window, $1500/unit $27,000.00 $2.14 Terrace install wall separating units $2000/wall, 1 wall/unit, 1 additional $38,000.00 $3.02 hardwood floors wall Terrace Landscaping - $7,054.00 $1.00 New lighting $2,500.00 $0.51 install wall separating bedroom from $2000/wall, 1 wall/unit $36,000.00 $2.86 Total - $7,054.00 $1.00 living area Repaint Walls $4,940.00 $1.00 install lighting $1000/unit $18,000.00 $1.43 TOTAL OFFICE $920,980.91 Public Restrooms $10,000/bathroom, 2 stalls $20,000.00 $4.05 install hardwood floors - $100,800.00 $8.00 install drywall/insulation - $39,600.00 $3.00 Wall separating kitchen $2,000.00 $0.40 install plumbing $5000/unit $90,000.00 $7.14 from seating area install HVAC $10,000/unit $180,000.00 $14.29 Countertops $8,000.00 $1.62 Total - $1,211,900.00 $100.94 10 two bedroom units - Install Commercial $25,000/ kitchen $25,000.00 $5.06 structural enhancements and framing for - $196,000.00 $20.00 Kitchen additional stories Replace Windows $14/psf of glass, 7 3x12 $3,528.00 $0.71 install roofing - $78,400.00 $8.00 install kitchen $15,000/unit $150,000.00 $15.31 windows install bathroom $6,0000/unit $60,000.00 $6.12 Total $22.35 install door $250/door, $1000/unit $10,000.00 $1.02 Underground Parking Install Windows $500/window, $2000/unit $20,000.00 $2.04 install wall separating units $2000/wall, 1 wall/unit, 1 additional $22,000.00 $2.24 install new garage doors $800/door $1,600.00 $0.12 wall install walls separating bedrooms from $2000/wall, 2 wall/unit $40,000.00 $4.08 paint lines to identify $6,500.00 $0.50 living area spaces install lighting $1000/unit $10,000.00 $1.02 parking booth $4,000.00 $0.31 install hardwood floors - $78,400.00 $8.00 install drywall/insulation - $29,400.00 $3.00 two automated parking $10000/machine $20,000.00 $1.54 install plumbing $5000/unit $50,000.00 $5.10 ticket machines install HVAC $10,000/unit $100,000.00 $10.20 one limited access gate $4,000.00 $0.31 Total - $844,200.00 $86.14 Miscellaneous (corridors, stairways, elevator) Total $36,100.00 $2.78 Corridors $19,464.00 $2.00 Total Retail $338,584.00 Stairways $19,464.00 $2.00 Elevator $38,928.00 $4.00 Total $77,856.00 $8.00 200 S. DIVISION AVE Private Residential Terrace - Terrace Landscaping - $10,864.00 $1.00 GRAND RAPIDS, MI Install Hot Tub - $5,432.00 $0.50 Total - $16,296.00 $1.50 Sources: homewyse.com, RS Means Total $3,252,252.00 FINANCIALS Comparables d_VISION | Residential Windham Hill Apartments RESEARCH

DESIGN Retail

Breton Village Mall

Office

Boland Building

200 S. DIVISION AVE GRAND RAPIDS, MI

Sources: REIS, Inc. FINANCIALS Assumptions d_VISION | When determining assumptions for the d_Vision project, our group wanted to stay as conservative as possible in order to feel comfortable with the financial returns that we would be generating. Beginning with purchase price, we used a value that our contact at Cherry Health services, the current owner of the building, believes is an RESEARCH accurate market value for the building in the current Grand Rapids real estate market. For depreciation, we assumed straight line depreciation on both the structure and capital expenditures for a period of 27.5 years.

As it pertains to operating expenses such as utilities, maintenance, management fees, and leasing commission, we placed a premium on the rates specified in Allen DESIGN Weiss’ financial template. Although we were only instructed to calculate before tax cash flow, our group went a step further and also analyzed returns based on after tax cash flow. While we are not certain of the correct income tax bracket, our logic was that if this project still generates a healthy return assuming the highest tax bracket (39.6%) then it is most likely an attractive undertaking. With respect to sale, we used year 4 stabilized net operating income (excluding office B NOI because it is a condo carve out for Cherry Health) and divided by a 10% exit cap rate, maintaining a flat cap throughout the life of the investment.

For financing of this project, we assume a high yet realistic LTV ARM. Comparing the APR of 3/1 ARMS on several loan origination services, we are using a 3.375% annual rate. Finally, we relied on the comp sets generated by real estate software, REIS, to make education assumptions about the rent levels, rent growth, and vacancy % for our property. We put in place a list of important criteria in order to construct the comp set for Office A, Office B, Studio, 1-Bedroom, 2-Bedroom, and Retail. This includes buildings within a 4.5 mile radius given the uniqueness of Grand Rapids’ real estate market, building with similar age, similar tenants, and similar size. To calculate rents and vacancy we found the average of the constructed comp set for each business type. For studio, we interpolated the average rents of a 1-bedroom and 2-bedroom, since only one of the properties in the comp sets offered studios for rent.

General Residential Office Retail

Construction

Financing

200 S. DIVISION AVE GRAND RAPIDS, MI FINANCIALS Property Pro Forma d_VISION |

RESEARCH

DESIGN Tax After Sale

Office Operating Income Rental Operating Income Residential Operating Income

200 S. DIVISION AVE GRAND RAPIDS, MI FINANCIALS Sensitivity & Amortization d_VISION | Purchase Price Relationship of Principal and Interest Over Life of the Loan RESEARCH $8,000.00

$7,000.00

DESIGN Exit Cap $6,000.00 $5,000.00 Property Tax % $4,000.00 Interest Principal $3,000.00

$2,000.00

Income Tax $1,000.00

$0.00 1

Office Rent Growth 11 21 31 41 51 61 71 81 91 101 111 121 131 141 151 161 171 181 191 201 211 221 231 241 251 261 271 281 291 301 311 321 331 341 351 Office Vacancy Office Purchase Price

Construction Costs Purchase Price

200 S. DIVISION AVE GRAND RAPIDS, MI Sales Price Mabel E Kessler 522 N. Main St., Ann Arbor, MI 48104 Phone: 616-826-3087, Email: [email protected]

Mabel Kessler is a graduate student in Urban Planning at the Taubman College of Architecture and Urban Planning at the University of Michigan. Her focus within the program is physical planning and design. She holds a Bachelor of Arts degree from Macalester College, where she majored in studio art.

Education Degree Expected: University of Michigan, Taubman College of Architecture and Urban Planning, Ann Arbor, MI May 2015 _Master of Urban Planning Candidate _Urban and Regional Planning Alumni/ae Scholarship Recipient 2008 - 2012 Macalester College, Saint Paul, MN _Bachelor of Arts _Major: Studio Art, Minors: Anthropology & Hispanic Studies _ Catharine-Lealtad Merit Scholarship Recipient 2011 CIEE Architecture and Design Program, Barcelona, Spain _Semester Abroad, coursework taught in Spanish 2010 Columbia University, New York, NY _Introduction to Architecture: Summer Studio

Professional Affiliations 2013- Present American Planning Association 2013- Present Planners Network, University of Michigan Chapter

Work Experience Summer 2014 - Southwest Detroit Business Association, Detroit, MI Present _Business Improvement District & Façade Improvement Program Intern 2013 - Present Taubman College Liberty Gallery, Ann Arbor, MI _Gallery Assistant 2012 - 2013 Minneapolis Kids, Windom Dual Immersion School, Minneapolis, MN _Spanish Language Teaching Assistant 2012 Richfield Historical Society, Richfield, MN _Exhibit Intern 2011 - 2012 Macalester College Hispanic Studies Department, Saint Paul, MN _Spanish Language Tutor 2009 - 2012 Macalester College Art Department, Saint Paul, MN _Studio Assistant

Volunteer Experience 2012 - 2013 Helathy Homes Coalition of West Michigan, Grand Rapids, MI 2011 Siembra Education Program, Centro Cultural Chicano, Minneapolis, MN

Skills Software Microsoft Office, Appleworks, SketchUp, ArcGIS, Adobe Illustrator, Adobe InDesign, AutoCAD Craft Drawing, Drafting, Printmaking, Woodwork, Metalwork: Welding and Bronze Casting Language Native Fluency in English and Spanish, Beginner in French

1 ALEX LIEBERMAN 7 Hemlock Road • Livingston, NJ 07039 [email protected] EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI Stephen M. Ross School of Business Bachelor of Business Administration, May 2015 • Cumulative GPA: 3.99/4.00 • University Honors: Fall Semester 2012‑2013, Winter Semester 2013 EXPERIENCE MORGAN STANLEY STRATS & MODELING Purchase, NY Summer 2013 Summer Analyst • Developed mortgage calculator, using VBA, to calculate amortization schedule, principal and interest, average life, and duration outputs • Generated historical data analysis and step‑wise regression to perform CCAR on CMBS positions in MSʹ AFS portfolio Summer 2012 BONDS.COM GROUP INC. New York, NY Intern • Registered broker dealer and ATS, which offers an all‑to‑all electronic trading platform • Helped to create state‑of‑the‑art notification system on BondsPro trading platform 2012‑Present CONSIDER MAGAZINE Ann Arbor, MI Executive Director • Co‑leader of non‑partisan, non‑profit student‑run publication that provides an open forum to discuss significant issues of campus, community, and national interest • Responsible for Considerʹs exposure, financial viability, and brand reputation • Restructured 30 year old publication, authoring a new constitution and re‑casting 25+ member roles 2011‑Present TAMID ISRAEL INVESTMENT GROUP Ann Arbor, MI Director of Fund • Ross School of Business student initiative that aligns membersʹ aspirations with Israelʹs current economic landscape through education and hands‑on investment experience • Lead weekly stock pitches and delegate responsibilities among seven sector teams (30 members) • Provide range of education sessions to fund members including financial theory, valuation, economic sector analysis, and stock pitch 101 2013‑Present MICHIGAN SPORT BUSINESS CONFERENCE (MSBC) Ann Arbor, MI Brand Messiah • Organization that educates and develops future business leaders by hosting top industry leaders such as Stephen Ross, Mike Tirico, and Bob Bowman • Coordinate MSBC events including annual conference; responsibilities include developing agendas, determining panels, and booking venues 2011‑2012 COLLEGIATE DECA Ann Arbor, MI Member • International pre‑professional organization focusing on business and entrepreneurship • Placed 2nd (out of 30) at state business case study competition. Presented sports marketing case analyzing a professional hockey franchise and proposed solutions to increase local fan interest and revenue through charity affiliation and promotional ideas ADDITIONAL • Alpha Epsilon Pi Fraternity, Omega Deuteron chapter • Committed to community service including The First Tee, Ability Plus, and Soccer Circle, mentoring and coaching underprivileged and disabled children • Member of National Society of Collegiate Scholars • All‑state HS skier and golfer; HS varsity and college intramural soccer player

December 2014 1424 Broadway Street | Ann Arbor, Michigan 48105 KEVIN Email | [email protected] SWANSON Phone | 616.540.5577

ABOUT I am an architectural professional interested in leveraging design and creativity to improve social, economic, and experiential relationships between architecture and its context.

EDUCATION University of Michigan | Ann Arbor, Michigan Taubman College of Architecture and Urban Planning Masters of Architecture | Expected May 2015 Bachelor of Science in Architecture | Graduated May 2011

HONORS Taubman College Merit Based Scholarship - Top students selected by the master of architecture admissions board

Wallenberg Studio Competition and Symposium | Studio Selected Finalist Project called “Building Blocks” | April 2011 - Top projects selected by students to compete in the graduating class design competition

Taubman College Architecture Student Show | Second Place Project called “Circulating the Contrast” | December 2010 - Top projects selected by professors to compete in the school wide design competition

EXPERIENCE Digital Fabrication Lab Assistant | The University of Michigan Ann Arbor, Michigan | September 2013 - Present Reference | Sam Xu, Supervisor | 505.250.5814 - Laser cutter technical support and maintenance - Provide digital fabrication tutorials and training - Supervise and advise student laser cutter projects

Intern Architect | CCY Architects Basalt, Colorado | April 2013 - August 2014 Reference | John Cottle, Partner and Principal | Alex Klumb, Principal | 970.927.4925 - Residential design projects - Produced schematic design and design development packages - Assisted with client meetings, graphic presentations and award submissions - Daily use of Autodesk Revit, InDesign, and Adobe Photoshop

Intern Architect | M.C. Smith Associates and Architecture Group, Inc. Grand Rapids, Michigan | May 2011 - November 2012 Reference | Don Smalligan, former Partner and Principal | 616.490.6604 - Commercial, public, and affordable housing projects - Produced construction documents using AutoCAD, tyipically to submit for bid - Reviewed and edited product specifications and shop drawings - Provided construction administration support

SKILLS Architectural and Office Software Autodesk Revit and AutoCAD | Adobe Photoshop, InDesign, and Illustrator Rhinoceros plus Vray | Google SketchUp | Microsoft Office

Tools and Processes 3D Printer | Laser Cutter and Water Jet Cutter | CNC Router | Wood working Julia Upfal (734) 277-1034 · [email protected] 705 Dellwood Dr., Ann Arbor, MI, 48103 Education University of Michigan Ann Arbor, MI Master of Urban Planning Candidate 09/2013-05/2015 Concentration: Economic Development Taubman Scholar Wayne State University Detroit, MI Bachelor of Arts in Urban Studies 10/2010-12/2012 Minor: Economics Dean’s List: Fall 2010, Winter 2011

Relevant Coursework Real Estate Essentials, Public Finance, Planning Theory, Legal Aspects of the Planning Process, Methods of Economic Development Planning, Quantitative Planning Methods, Fundamentals of the Planning Practice, Social Demography, Metropolitan Structure, Intermediate GIS, Principals of Macroeconomics, Intermediate Microeconomics, Cities and Regions, Urban Anthropology, Urban and Regional Economics, Methods of Social Research

Experience

The Institute for Research on Labor, Employment and the Economy Ann Arbor, Michigan Graduate Student Research Assistant- 10/2014- Present

• Conducted research on communities that have struggled following the loss of significant Department of Defense contracts • Assisted with completing an adjustment plan for struggling communities

James Andrew Group Ann Arbor, Michigan Market Researcher- 01/2013-09/2013, 08/2014

• Traveled extensively throughout the US, conducting location-based market research for a variety of national chain restaurants • Surveyed over 8,000 restaurant guests via face-to-face interviews, recording results in a Cloud-resident database • Collected spatial and qualitative data to assist in site selection and trade area definition • Assisted in survey design by helping to define ambiguous or redundant questions

City Of Saline Saline, Michigan Urban Planning Intern- 05/2014-07/2014

• Helped maintain and correct property assessment data • Assisted with municipal code review • Researched Green Infrastructure extensively to assist with municipal stormwater management plan

Community Attributes, Seattle, Washington Spring Break Extern- 03/2014

• Collected and reviewed case studies for use in feasibility analysis • Developed methodology for selecting cases used in case studies • Refined data analysis and interpretation skills

Transportation Riders United Detroit, Michigan Community Outreach Intern- 05/2012-8/2012

• Engaged and educated public on importance of public transit and specific transit related issues • Assisted in developing creative campaigns addressing transit issues • Coordinated volunteers for annual fundraising event and for regular outreach campaigns