Design and Development: from Concept to Implementation
This course examines the real estate design and development process, from the first idea and the original conceptual sketch to the creation of building and infrastructure assets. During this complex but fascinating process, the designer is placed within a system of other agencies, each one having specific roles, expertise and capabilities but sometimes different incentives and goals. The course provides students with a thorough understanding of the role of each entity and describes how risks and rewards are created and distributed amongst people and organizations. Centering on the needs of the developer-owner, this year\’s topics include: – Strategies for successful design implementation;- Selection of the architect, consultants and contractors;- Overview and selection of the appropriate project delivery method;- When and how designers should invest in the projects they design;- Working in mega-projects spanning multiple countries;- Understanding project and firm risks and handling uncertainty;~ Assessing and implementing sustainability requirements and technological innovations.Case studies provide the framework for the course, and the case studies together with lectures, guest speakers, and the assigned readings constitute the basis for class discussions. Students are expected to prepare the assigned case study before each session and argue effectively about their analysis in class. During the course, students will build specific skills on negotiations, budgeting, scheduling, and financial return calculations through short assignments and in-class simulations. A final paper will bring together all topics presented throughout the semester. There are no prerequisites, however some professional experience would be advantageous. The course welcomes students with non-design backgrounds and expertise.