On the Side

Along with studio this semester, I am also taking a real estate finance and appraisal class.  As a group we were given an assignment to propose a new real estate development project in the area; We chose to open up a Smoke's poutinerie in Fayetteville in honor of my recent trip to Canada and new found obsession with poutine.

For those of you who aren't sure what poutine is, take a look....

http://www.youtube.com/watch?v=tlL1D2AKzTY

Do we need one of these if Fayetteville or what?!

The assignment involved completing all the financial documents and paperwork that would be involved in the opening of a new franchise including any demolition and construction... of course as a group with three interior design girls, we went a step further and decided to show what the inside of the building could potentially look like, Yay for using those new revit skills!

Original Site

Site with new building

 Exterior View of the Building

 Exterior View of the Building at night

 Interior Perspective

Interior Perspective

It was fun getting to follow through a project from start to finish in so much detail.  As the investors, we had a lot of information to make up in terms of our net worth individually, but I still learned a lot about how to fund a project and how to determine if something is a good investment or not... Yay for a lesson in budget!