Page 18 - East Campus RFQ 2.14.2017

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Redevelopment Objectives

Howard University will serve as the project sponsor and will select a Master Developer to plan, finance, design, construct, operate, and
maintain the adaptive reuse of the East Campus into a master planned community. The Master Developer will draft a comprehensive
development plan incorporating and balancing with Howard University’s goals and relevant stakeholder concerns.

Surrounding Land Project

 Program parcel to work cohesively with Mays Hall and the  Select qualified partners to jointly plan, invest in and
Farmhouse, and with University, City and community goals implement the program

 Create several scenarios for Howard to consider  Include a diverse selection of housing options to include
workforce and affordable housing
 Optimize financial value; potentially use a combination of
transaction structures:  Optimize minority and HU Alum participation throughout
process – especially in leadership/ownership capacities
 Ground Lease for any multifamily/retail/ commercial
product;  Draw upon talent in Ward 5 to the extent possible

 Parcel Sale for any fee simple product  Promote innovative technical and sustainable solutions

 Retain ownership/use of certain parcels  Exercise control over this valuable institutional asset
 Consider additional partnerships with realty, title and mortgage  Capture and reinvest economic value in University’s mission
companies to increase ongoing revenue opportunities

Mays Hall & Sherwood Farmhouse Revitalization

 Develop vision based on HU needs, financial impact and viability  Preserve and adaptively reuse key site features
 Relocate Divinity School back to Mays Hall (after renovation)  Incorporate open space into the development vision

 Proactively lead any Historic Preservation processes  Be creative within the neighborhood context

 Leverage EHT Traceries and R. McGhee & Associates  Ensure financial and implementation feasibility
 Develop Comprehensive Historic Preservation Plan to guide  Be responsive to community concerns
efforts and engage University, community and government
stakeholders