2018 Condominium & Townhome Development Summit

Summary

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

Speakers Include:
Cynthia Froid, Keller Williams Realty
J. Scott Andresen, Bassford Remele
Steve Bohl, Bohland Development
Mary Bujold, Maxfield Research
Mark Becker, Fabyanske Westra Hart & Thompson
Michael P. Ramme, CalAtlantic Homes
Steven R. Lindemann, Stinson Leonard Street LLP
Luke Kleckner, RE/MAX Advantage Plus
Jon Fletcher, LMC A Lennar Company


7:55 AM Welcome & Introduction

8:10 AM Critical Issues Affecting Condo Development
• 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

9:00 AM Townhome, Mixed Use And Master Planned Communities
• 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?
• Trends And Opportunities
 
9:50 AM Break

10:05 AM Strategies for Dealing with Current Management Issues
• Inability to sell units leading to an increasing number of rentals
• Foreclosures and Collection issues
• Inadequate Funding to properly maintain the property
• Raising cash, the pros and cons of raising association dues versus special assessments
 
11:00 AM  Downtown Condominium High Rise Market 
• Market Overview
• Apartments v. Condominiums – Cap Rates, Construction Costs And Sale Prices
• What It Takes To Get A New Project Financed 
• Minnesota Construction Warranties.  How Do They Impact What Is Getting Built? How do you reduce risk?
• Investors/Rentals.  How do they impact a development and the long term success of a project?
• What It Will Take For A New High Rise or Mid Rise Project To Be Successful

12:00 PM Adjourn and Networking

2018 Condominium & Townhome Development Summit

Details

  • 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
    USA

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