Next week, on the evening of April 27, MBA student teams from the University of Colorado and the University of Denver will compete in the 21st Annual Rocky Mountain Real Estate Challenge presented by Land Title Guarantee Company — a real-world, development competition sponsored by the U.S. Forest Service and Impact Finance Center (IFC), and featuring the highly anticipated The River Mile project, developed by Revesco Properties and Kroenke Sports & Entertainment.
The competing MBA Students from CU and DU will present their plans for The River Mile to a live audience of 700+ real estate professionals for scholarships and the NAIOP Cup!
The Rocky Mountain Real Estate Challenge is the premier real estate competition that pairs graduate-level students from the University of Colorado and the University of Denver and industry leaders in the Colorado real estate community to evaluate development opportunities.
The focus of the 2023 Challenge is the 62-acre River Mile project located on the current home of Elitch Gardens amusement park. A truly one-of-a-kind project and the largest in downtown Denver, The River Mile is envisioned as a sustainable, walkable downtown neighborhood. Within this 62-acre parcel, student competitors are tasked with determining where at the project is the best location to start development and to attract users and subsequent residents and visitors. While creating a sense of place in this initial phase, student teams will need to comply with The River Mile zone district, including affordable housing requirements.
“Adjacency to the South Platte River plays the integral role in the development of this important urban area,” said Rhys Duggan, CEO of Revesco Properties. “So much so, that before the first building foundation is poured, the river is being revitalized along The River Mile and far beyond. It’s a major undertaking we’re committed to in partnership with The Greenway Foundation and the City of Denver to reaffirm the importance of the South Platte as an essential part of the regional ecology. The restoration will add 27 acres of waterside parks and open space, and it will help to energize this new downtown neighborhood emerging at the river’s edge.”
This year’s Challenge is sponsored by the U.S. Forest Service and Impact Finance Center (IFC), whose goal is to educate the next generation of MBA students and the real estate development community about the benefits of mass timber. Accordingly, students will need to incorporate the use of mass timber in their proposals, showcasing this sustainable product and the need for sustainable forestry.
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