Tanya Segel, Managing Partner and Founder, REV Group, LLC and Vesta Real Estate Partners, LLC.
Serving as the chair and co-chair of the Connecticut Steering Committee for two years, as well as being a standing Associate Member of ULI, I have seen first hand the real estate and land use challenges practitioners in Connecticut face.
Despite a shrinking economy, Connecticut has experienced significant real estate and development activity in the realms of adaptive re-use, “eds and meds,” transit-oriented development (TOD), and affordable housing. Environmental issues, climate change/sea level rise and availability of capital often complicate the development process. As a result, the Connecticut Steering Committee has leveraged these challenges to assemble a range of programs to engage members and non-members in both the private and public sectors. Some of our most notable recent programs have included:
- Implementation of Tax Increment Financing (TIF)Programs in CT. This panel included Jim Burke, Economic Development Director for the Town of Windsor, one of the first cities to implement a program, Kent Schwendy, President and Chief Executive Officer of the Corporation for Independent Living and Attorney Michael Andreana of Pullman and Comley, who was part of the group that drafted the legislation.
- Project Tours. We’ve toured the mixed-use development connected to UConn/Storrs both during development and upon completion and the Winchester Lofts Project in New Haven.
- Adaptive Reuse: Housing in Connecticut. This panel included developers Tal Eyal, of First Residential; Kenneth Olson of Poko Partners; Jeff Ravetz of Girona Ventures; Roberto Arista of Dakota Partners; and Dara Kovel formerly of Connecticut Housing Finance Authority – the agency allocating more than $200 MM in funding for assessment and remediation assistance.
- Density Done Right. Kevin Hively, Founder/President, Ninigret Partners illuminate for attendees the demographic, labor and employment, and migration factors that drive demand for more dense development in TOD locations, with participation from local public agencies that worked with municipalities to assess and implement TOD opportunities.
- Breakfast Roundtable with Mayor Toni Harp New Haven.
- Social Networking Events. Fall wine tasting and an upcoming event at the new baseball park in Hartford.
It has been exciting to use our ULI platform to engage members and others about topics of importance to land use and real estate development in Connecticut. We look forward to upcoming programs, including such topics under discussion as technology in addition to a breakfast series to discuss issues on how changing demographics have restricted the availability of qualified professionals to work in public and private land use, real estate development, and economic development sectors in our state.