Each year, students from ASU’s Master of Real Estate Development program work with cities and towns on a development proposal for a particular piece of land. One recent collaboration reimagined the site of the Turf Paradise horse racing track in north Phoenix.
While Turf Paradise landowners did not get actively involved with the proposals, the student projects were done with their full knowledge and consent.
One proposal integrated multifamily housing, retail and walkability into the area near 19th Avenue and Bell Road.
Students had to address the physical realities of the site, as well as legal, political, economic and financial feasibility.
Student Taylor Koblenz says his team received guidance from industry mentors.
“You can only learn so much from books and lectures in a classroom and the real-world meetings with the actual people who built things and develop things and drew things is what makes this different and more real-world,” he said.
Turf Paradise is on about 213 acres. The track is under new ownership and concluded its 70th season of live racing on May 2. Rumors about a possible permanent shutdown swirled as the previous owner approached retirement.
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