38. Lessons From The Field With Developers Darnell And Katrina Stewart
Here's a glimpse of what you'll learn in this episode:
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!
If you're interested in the work that Darnell and Katrina are doing - or have funding opportunities for their veteran housing project reach out to them by contacting them here: katrinastewart99@gmail.com
“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.
If you're intrested in the work that Darnell and Katrina are doing; or have funding oppurtunites for their veteran housing project, we encourage you to get in touch with them by reaching out at katrina.stewart99@gmail.com
Check out this supplemental episode for today's conversation:
Alternative Consction For Veterans Housing With DeShawn Wilson