Colleges & Universities

When Emory University grew concerned about the inability of faculty and staff to find affordable housing near campus, Haddow & Company was hired to explore the potential for developing university-sponsored housing on land it owned along Briarcliff Road. Tasks performed as part of this study included: 1) a survey of faculty and staff at Emory to gauge demand for university-sponsored housing; 2) the preparation of seven case studies detailing how other universities have developed housing for faculty and staff; and 3) the preparation of a preliminary financial model based on an appropriate mix of housing types to estimate development costs and to assess affordability.

Haddow & Company was part of a team headed by HGOR that examined campus planning and land use issues for Berry College in Rome, Georgia, which owns approximately 28,000 acres of land. Our role was to identify land that was not integral to the educational mission of this college and which offered near-term development potential. We initially identified 10 tracts, and then narrowed the list to the top 5 priorities. This included investigating the potential for creating a wetlands mitigation bank with Berry’s vast land resources. We were subsequently retained to explore disposition and joint venture development options with selected groups.

Haddow & Company worked with the land planning firm of Foresite Group, Inc., to evaluate the revenue-generating potential of Auburn University’s surplus property holdings. The university owns approximately 28,000 acres throughout the State of Alabama. Our work was conducted in two stages. Phase I was to identify properties with revenue-generating potential that were not restricted from development or earmarked for academic or research purposes. Phase II included a more in-depth analysis of individual properties and the formulation of an action plan.

Georgia State University retained Haddow & Company to evaluate the best approach to achieve the University’s goal of relocating its North Metro Center to an expanded, state-of-the-art facility in north Fulton County. The purpose was to provide an objective assessment of possible locations, economic feasibility, and how to secure necessary financial support. Ultimately, an arrangement was made in Brookside Office Park on land that was partially donated by the developer. The City of Alpharetta provided full funding of the construction costs via tax-exempt bonds.

The Georgia Institute of Technology was considering the purchase of an off-campus property. Haddow & Company was asked to evaluate the relative merits of this potential acquisition and to recommend an acceptable price.

COLLEGES & UNIVERSITES