Chase Competition: New Orleans
Each year, a multidisciplinary team of students from The New School participates in the annual JP Morgan Chase competition, which invites students to partner with nonprofit organizations to create real estate proposals for community development. Building on a resurgence of public, private, and philanthropic investment that has poured into New Orleans, a team of students from The New School for Public Engagement, Parsons, and the University of New Orleans (UNO) worked with a local nonprofit housing developer and three private property owners to create a proposal for a mixed-used real estate development located along a historic street in New Orleans and valued at $10.2 million. The proposal includes plans for 32,000 square feet of new rentable retail, service, and office space as well as for renovations that would change the historic Dew Drop Inn into a performance venue and restaurant.
Impact The New School/UNO team created a proposal intended to revitalize commercial areas and promote social, economic, and environmental improvements in the Lower 9th Ward. Through this experiential learning opportunity, students received hands-on training and gained technical expertise for their professional development. Learning skills such as creating financial models, developing analytic and decision-making tools, and implementing plans for community organizations makes our students more valuable to the community development field.
Learn more about this project at Chase.