2018 Condominium & Townhome Development Summit


2018 Condominium & Townhome Development Summit
Friday, February 9, 2018
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley, Golden Valley, Minnesota 55427

8:00 AM Investors/Rentals: How do they Impact Development and the Long Term Success of a Project?
Gene Sullivan,
President, New Concepts Management
• Understanding The Different Players In An HOA
• Who Are They and How Does Each Entity Affect the HOA Dynamics
• Communication – Adds Complexity
• Commitment to Repetition
• Commitment to Seeking Out Other’s Opinions (renters)
• People Must “Buy In” Speeding vs. Wrong Lane
• Regulatory concerns - exponentially increase. (FHA & HUD)
• Management Misnomers: Renter less caring/responsible, Greater financial risk with the investor, Phenomena of the “Accidental Landlord”
• Short term rentals – Airbnb

9:00 AM Critical Issues Affecting Condo Development
Moderator: J. Scott Andresen,
Bassford Remele  
Mark Becker,  Fabyanske Westra Hart & Thompson 
Steven R. Lindemann, Stinson Leonard Street LLP-  
• Minnesota Common Interest Ownership Act Update (MCIOA)
• What Changes have been made or proposed needed for Developers 
• New Limits on Retainage in Construction Contracts
• Risk Mitigation Measures
Break 10:00 AM

10:10 AM Townhome, Mixed Use And Master Planned Communities
Moderator: Mary Bujold,
Maxfield Research  
Steve Bohl, Bohland Development  
Michael P. Ramme, Pulte Group
Jon Fletcher, LMC A Lennar Company 
Art Plante, John Arthur Homes
• Market Update
• Demographic Of Buyers For Townhome Or Mixed Use Developments  
• First Time Buyers Versus Move Up Market. 
• What Are Buyers Looking For?  Attached or Detached Housing.
• Is There A Market For 55+ Active Adult Large Scale Communities With Amenities?
• How Has The Change In Building Codes Impacted Townhome Construction?
• Urban and Suburban

11:00 AM Downtown Condominium High Rise Market
Moderator: Herb Tousley, University of St. Thomas
Cynthia Froid, Keller Williams Realty
Luke Kleckner, RE/MAX Advantage Plus
Keena Maher, Waterstone Mortgage
Dylan Garrison, Downtown Resource Group 
• Market Overview
• Apartments v. Condominiums
• Downtown Condo Market  trends and projections
• What It Will Take For A New High Rise or Mid Rise Project To Be Successful
• A Check List of Need to Know about the Condo Marketplace
• Buyer Condo Lending vs Developer Money
• Appraisal Issues
• Limited vs. Full Review
• The System We Have Access To That Manages What’s Been Financed In The Buildings
• Condo Pricing

12:00 PM Adjourn and Networking

2018 Condominium & Townhome Development Summit


  • When

  • Friday, February 9, 2018
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley
    Golden Valley, Minnesota 55427

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