UCLA Team Takes Home Coveted Silver Shovel for The Boulevard
The UCLA graduate student team took home the coveted Silver Shovel for its winning proposal at the 24th NAIOP SoCal USC-UCLA Real Estate Challenge held earlier this month. At each competition, five-member graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and Price School of Public Policy competed to determine the highest and best use for a unique parcel.
The Challenge project was a 1.46-acre urban infill site with extensive frontage along Beach Boulevard in the center of Huntington Beach. The winning proposal, “The Boulevard at Huntington Beach”, was a 175-unit age-restricted (55-plus) apartment community as presented by UCLA students Lucas Jones, Charlie Lee, John Richards, Max Richley and Cheng Zhang.
Named in honor of the historic Beach Boulevard on which the property sits, The Boulevard proposed much-needed rental housing in a highly desirable area, while aligning with the explosive population growth of older adults who are increasingly looking to downsize and rent.
- ◦Development