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38. Lessons From The Field With Developers Darnell And Katrina Stewart


Feb 22, 2023

Episode Highlights:

  • Introduction of developers Katrina and Darnell Stewart. 

  • Adapting to project changes. 

  • Building your Pro Forma as a first time developer. 

  • Finding balance between a city and client's wants/needs. 

  • Exploring partnerships to move your project along. 

  • Breck's project highlight of the week: Concord Square at Islandview

“Being a developer is about having an idea and continuing to change the project and process as you go on.” 


-Darnell and Katrina Stewart (Developers of Concord Square at Islandview)

Show Notes:

  • 0:30 - Introduction to Episode 38. 

  • 1:54 - Breck’s project highlight of the week: Concord Square at Islandview

  • 3:36 - Introduction to Developers Darnell and Katrina Stewart.

  • 5:57 - Leaving a legacy for their family and for the city of Detroit. 

  • 9:25 - How Darnell and Katrina’s development expanded. 

  • 13:09 - The politics of getting buildings built.

  • 17:36 - Finding balance between a city’s request and a client's wants/needs. 

  • 21: 38 - Adapting to change as a developer. 

  • 22:14 - What you need to know about pre-construction funds. 

  • 23:56 - Darnell and Katrina’s process of finding a development partnership. 

  • 25:20 - Importance of understanding your Pro Forma as a new developer. 

  • 28:00 - Breck’s continued beef with the Detroit Land Bank. 

  • 29:07 - Conquering the hurdle of land acquisition. 

  • 32:50 - The pressure of building something cool. 

  • 33:47 - Finding partnerships and approval through veteran housing. 

  • 37:25 - Concluding thoughts for Episode 38.


Supplementary Episode:

1) Alternative Construction For Veteran's Housing With DeShawn Wilson


Resources:

  • If you're interested in the work that Darnell and Katrina are doing or have funding opportunities for their veteran housing project, we encourage you to get in touch with them by reaching out at katrina.stewart99@gmail.com.

  • Ready to get started with your own project? Contact Three Squared HERE.

  • Make sure to follow Three Squared on Instagram, Facebook, and LinkedIn for project updates, releases, and more.

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