The Master of Science in Real Estate Development for Architects program seeks to build upon the unique perspective and ethos of the architect. While architects design the way a building looks and works, they are seldom involved in the decision of exactly what to build. In most developments, the architect is considered only one of numerous players, and is often left to carry out a pre-established vision for the development. We believe cities benefit when architects lead.
The MRED program is unlike a real estate development program where the curriculum is offered in a traditional lecture setting. Instead, the entire curriculum of the 12-month, three-semester program is delivered through a studio-based format.
In the first semester, architect-developers present their successful developments in a case-studies studio. Students have the opportunity to consider alternative designs for these existing developments, while they become familiar with and manipulate the specific business plans or pro formas of the projects. Industry professionals, including bankers, contractors, building officials, lawyers, market analysts, and sales representatives, teach parallel professional classes. Their presentations are tied to a series of sketch problems that integrate specific learning outcomes and real world examples.
The parallel professional studio supporting the design studio continues in the second semester, with the direction and advice of industry professionals who continuously participate in the learning process. In the design studio, students survey possible alternatives for new developments and are directed toward a specific project proposal for the final thesis semester.
For the thesis, students develop and prepare finished presentation packages for their projects including market analysis, partnership agreements, funding proposals, architectural designs, and sales and leasing strategies. Many students have gone on after graduation to successfully build their thesis projects.