On March 29, IncDev will bring its unique brand of development expertise and city-centered instruction to Memphis.
The Memphis Medical District Collaborative (MMDC), Neighborhood Preservation, Inc. (NPI), Downtown Memphis Commission, the local chapter of the Urban Land Institute (ULI Memphis), and the City of Memphis are bringing IncDev to Memphis for the Emerging Developer Boot Camp, a series of workshops and training sessions meant to help first-time and aspiring real estate developers understand the finer points of building smaller projects and parcels. Think big. Build small. This statement is the mantra of the Incremental Development Alliance (IncDev), a nonprofit Alliance of practitioners who train emerging real estate developers and help citizens strengthen their own neighborhoods. The year-long training curriculum begins on Wednesday, March 29 with a pair of informational sessions (the content will be repeated at each session.)
The cost for each session is $15, but discounts are available; email firstname.lastname@example.org for information. Additional IncDev sessions with more advanced content and skill-building exercises will following May, July, and September.
Click here to sign up.
- When: Wednesday, March 29, 2017.
- Anyone working in construction, design, planning or real estate looking to either enhance their current practice or make career transition
Volunteers or professionals in business associations, main street associations, historic preservation groups and neighborhood improvement groups looking to champion incremental development in their communities
Public sector professionals in city management, economic development, planning, and related agencies who are looking to make it easier for small development projects to occur in their town
People who work for nonprofit development organizations, churches, and community development or housing development organizations who need new strategies for small lot development
Financial services professionals specializing in mortgages, commercial real estate loans or SBA loans and professionals at Community Development Financial Institutions who want to become more effective investors
- Pick the time & place that works for you:
- Session 1: 11:30am – 1:00pm – Bioworks Foundation (20 South Dudley Street, 2nd Floor, Memphis TN 38103)
- Session 2: 5:30pm – 7:00pm – High Cotton Brewing Company (598 Monroe Avenue, Memphis TN 38103)
“Over the past ten years, we’ve seen traditional, urban neighborhoods in cities and towns across the United States make a remarkable comeback,” developer and IncDev founding member John Anderson, who will lead the workshop. “This has created legitimate market demand for different kinds of infill developments – typically smaller, older buildings that mix residential and commercial uses, or new construction projects on one or two vacant parcels. Most of our financing methods, regulatory approvals, and even construction techniques are not accustomed to working this way. IncDev was founded as a response to this problem: to help entrepreneurs, merchants, and developers learn how to do the kinds of projects that really benefit their communities, but which fall below the radar of most large-scale developers.”
“This work is about the boarded-up building at the end of your block, or the vacant lots in the middle of your neighborhood where infill housing could be developed,” says Archie Willis III, Principal at Community Capital and Chairman of the ULI Memphis District Council. “IncDev’s approach is especially well-suited to African Americans, women and other minority groups who have found it difficult to establish themselves in the real estate development business here in Memphis. This is both a wealth-building and community development strategy that can create immense value in neighborhoods in the urban core and near large developments that are already in process.”
Several such developments are already underway in and around the Memphis Medical District, including significant new expansions by St. Jude Children’s Research Hospital, University of Tennessee Health Sciences Center and others.
“Momentum throughout the district is really accelerating,” says Tommy Pacello, President of the Memphis Medical District Collaborative. “While big investments by major hospitals and anchor institutions are obviously vital, they also create opportunities for smaller projects that really support this growth — the new corner store, the small apartment building, the restaurant or coffee shop. Thriving districts and the people who live and work here need all of these things. Incremental Development Alliance can help demystify the development process, so that we can make Memphis more sustainable, vibrant, and prosperous for everyone.”
“Boosting our core city is a major priority of mine,” Memphis Mayor Jim Strickland said. “Our future is tied to how well we make our core a vibrant place to play, live and work. IncDev is a great asset for developers looking to amplify our core city’s momentum — and a great event for small, minority and women-owned businesses to find opportunity.”