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Detroit's Tourism Revival

Five Boutique Hotels Are Set to Hit Detroit: What Is Driving This Boom

Stan Edwards

Stan Edwards

Managing Principal & Co-Founder

Real Estate Interests

Eric Means

Eric Means

CEO

Means Group

Sarah Pavelko

Sarah Pavelko

Director of Development

Greatwater Capital

John Skok
Moderator

John Skok

Partner

McIntosh Poris Associates

Stan Edwards

Managing Principal & Co-Founder

Real Estate Interests

Stan Edwards is the managing principal and co-founder of Real Estate Interests, LLC, a specialized real estate consultancy designed to manage assets and property and guide companies through major changes and complex deals.

With more than 20 years of expertise in real estate and financial services, Edwards is particularly focused in the areas of business development, operations and strategic planning. His experience includes spearheading the marketing and business acquisition platform for the OEM’s Tier automotive supply base while leading business development efforts at a commercial insurance firm. Later he played an integral role in increasing the assets under management of an institutional real estate advisor from $75 million to $1 billion.

Stan earned a Bachelor of Arts degree from the University of Michigan, where he was a four year letterman and three time Big Ten Champion. After graduation, he was drafted by the NFL where he played professional football player for the Houston Oilers and the Detroit Lions.

Eric Means

CEO

Means Group

Results-oriented, Eric Means is a hands-on development professional with more than 18 years’ experience in all facets of the industry. Since 1998, under the leadership of Mr. Means, the company and its affiliates have successfully generated over $300 million dollars in revenue and developed strong partnerships and relationships.

While serving in the United States Navy, Means received his degree in Engineering with the University of Florida. In 1995, Means became a Michigan licensed builder and continued his advancement by becoming a certified PMP; subsequently pursuing a MIB in Business and continuing best practice curriculum through the Construction Association of Michigan, Associated General Contractors and the Urban Land Institute. Having a personal interest in philanthropic endeavors, Means’ affiliates have included Focus: HOPE, Detroit Hispanic Development Corporation, the Ways and Means Community Foundation, as well as various fraternal organizations, local colleges and community development corporations.

Means’ goodwill efforts have provided needed resources for Focus: HOPE and The Ways and Means Community Foundation.

Means currently continues his successes in urban areas with an emphasis on community place making, asset bolstering, dwelling preservation and creative land solutions.

Sarah Pavelko

Director of Development

Greatwater Capital

Sarah has overseen the procurement or provision of public support to leverage over $2.5 billion of private investment in mid-western cities. In her most recent role, she directed the team at the DEGC responsible for attracting and facilitating development in Detroit. As a Detroit resident herself, Sarah is personally invested in the city’s revitalization. She has completed several historic renovations in the city’s North End and serves on the board of Central Detroit Christian CDC. She earned a BA from Wheaton College in International Relations; a Masters in Urban Planning and a Real Estate Development Certificate from the University of Michigan

John Skok

Moderator

McIntosh Poris Associates

John Skok, LEED AP, Principal at McIntosh Poris Associates, has led the firm in many roles including

architectural design, project strategy and management, community engagement, and new project

development since joining the firm in 2001. He launched his career at MPA with the adaptive reuse of a

1925 historic bank building into the vibrant Panacea techno nightclub, juxtaposing “urban archaeology”

and minimalist design to spark new life in Detroit’s re-emerging downtown. His focus in adaptive reuse

and interior architecture design solutions has contributed to other notable and award-winning projects

such as the Detroit Foundation Hotel, the Detroit Athletic Club’s Gallery & Fresco restaurant, Ford’s

Factory at Corktown, the Country Club of Detroit’s Bowling and Fitness Studio, Woodward Garden

Theater, and Techtown’s Co.Act Offices.

John’s energy, passion, resourcefulness and persistence for creative design solutions is brought to every

project. He is leading and engaged in several current projects including the Hotel at 640 Temple, Hotel

St. Regis Renovations, Mosaic in Eastern Market, Carhartt’s Legacy and Community Center, and three

Detroit restaurants due to open in 2020.

John received a Bachelor of Architecture from the University of Detroit Mercy in 2000 with honors,

including a study abroad in Volterra, Italy, and worked at the school’s Detroit Community Design Center.

He continuously stays involved with his alma mater and currently serves on the Dean’s Advisory Board.

Multifamily Comeback

Mixed-Use Developments Are Popping Up On Every Corner

Jordan Friedman

Jordan Friedman

Managing Partner

Fortus Partners

Jeffrey Schostak

Jeffrey Schostak

President

Schostak Development

Jonathan Holtzman

Jonathan Holtzman

Founder & CEO

City Club Apartments

Charlie Krisfalusi

Charlie Krisfalusi

Vice President

Walker & Dunlop

Michael Poris

Michael Poris

Founding Partner

McIntosh Poris Architects

Mark Bennett
Moderator

Mark Bennett

Founder

MJBennett

Jeffrey Schostak

President

Schostak Development

Jeffrey Schostak- Jeffrey Schostak received his Bachelor’s degree from Indiana University in 2005.

Jeffrey worked for Urban Retail Properties, a commercial real estate development and management

firm headquartered in Chicago, from 2005 through 2010.  Jeff focused on retail leasing and acquisitions;

where he was responsible for securing a portfolio of retail real estate for the company valued at nearly

$200MM.  Jeffrey returned to Michigan in the fall of 2010, and became the first member of the 4 th

generation of his family to join Schostak Brothers & Company Inc, where he is currently the President of

Schostak Development. Jeffrey was recently responsible for sourcing a 93,000 square foot Build-to-Suit

HQ building for the MASCO Corporation in Livonia, MI. Jeffrey’s responsibilities include overseeing all

new ground-up development projects, redevelopment of existing assets, and value-add acquisitions for

the company. As well as, leading the efforts to secure retail, office, industrial, and health care users for

Schostak Brothers 1,000 acres of vacant land in Southeastern Michigan. Jeffrey was named one of L.

Brooks Patterson Elite 40 Under 40 in 2012 and Crain’s 40 Under 40 in 2016.

Charlie Krisfalusi

Vice President

Walker & Dunlop

Based out of Detroit, Michigan, Charlie Krisfalusi is a Vice President in the company’s FHA Finance group. Mr. Krisfalusi has over five years of experience in the commercial real estate industry and has expertise in the lending programs of the U.S. Department of Housing and Urban Development (HUD), Fannie Mae, and Freddie Mac. He is responsible for originating multifamily loans, with a focus on the Midwest region.

Before joining Walker & Dunlop, Mr. Krisfalusi was a director at Pillar Financial, a division of SunTrust Bank. There, he was responsible for providing permanent multifamily loans through Fannie Mae, Freddie Mac, HUD, CMBS providers, life companies, and bridge executions. His experience includes the review of nearly $2 billion worth of all multifamily asset types across the country.

Mr. Krisfalusi attended Arizona State University where he earned a Bachelor of Science in Business Administration from the W.P. Carey School of Business. Outside the company, Mr. Krisfalusi is active in the commercial real estate finance industry and holds memberships with the Urban Land Institute, Property Management Association of Michigan, Apartment Association of Michigan, Midwest and National Association of Housing Cooperatives.

Michael Poris

Founding Partner

McIntosh Poris Architects

Michael Poris, AIA, is founding principal of McIntosh Poris Architects, a full-service architecture, interior and urban design practice in Birmingham, MI. Since returning to Detroit in 1994, Michael has been working to implement change in his hometown preserving many of Detroit’s 20th-century landmark buildings, historic districts, and iconic neighborhoods. Michaels design leadership has helped transform Detroit with projects such as the Foundation Hotel, and the East Riverfront framework plan. His work has won over 160 design awards including 30 AIA Honor awards, over 80 Detroit Design Awards and been published in over 100 publications worldwide including Dwell, Urban Land, Architectural Record, and Interior Design. Michael is currently working on an adaptive reuse of the 600,000sf Fisher Body plant in Detroit, and a 600 prefabricated home community in Colorado.

Michael was recently awarded the AIA Detroit Charles Blessing Award recognizing an individual who shows leadership in planning and civic issues and exemplifies the vision, commitment and the accomplishments of Charles A. Blessing, the visionary Detroit city planner, who committed himself to the pursuit of a higher quality of life for all. McIntosh Poris Architects has recently earned the prestigious title of Firm of the Year for 2024 from the American Institute of Architects, Michigan.

Mark Bennett

Moderator

MJBennett

Mark is a real estate developer, financier and attorney with 30+ years of experience in

envisioning, structuring and executing complex and transformative market rate and

affordable multifamily and mixed-use developments. Since 2014, he has taken part in

the development and financing of 9 ground-up, existing and major rehab developments

including 2,000+ residential units with 7 developments in the City of Detroit. Combined

capital stacks exceed $300 million including 4 Qualified Opportunity Zone Funds (QOF),

and the first one in Detroit. Mark is an expert in creating non-profit Community Land

Trusts (CLTs), an innovative means of developing permanent affordable housing, with

six such developments underway in the City of Detroit. In law school, Mark founded

Toxicheck, later merging with Environmental Data Resources Inc. (EDR), today the

nation’s leading environmental information services company. Mark is a Member of the

State Bar of Michigan and practiced law at Miller Canfield, creating the firm’s Climate

Change Practice Group. He earned his BS in Economics, Phi Beta Kappa from

Michigan State University, and his JD from the Wayne State University Law School.

Summary

  1. In 2018, Detroit saw 306 multifamily units come online. This year, almost 3,000 units are expected to hit the market. What’s causing multifamily developers to step on the gas?

  2. As far as major metros go, Detroit has one of the lowest barriers to entry across the country. As outside capital is noticing, what impact will it have on the Detroit’s development overhaul?

  3. As companies move back into the heart of Detroit, multifamily is in tow. What does this new generation who has never lived in Detroit want from their homes and how are developers looking to accommodate these new needs?

  4. What anchor tenants are these mixed-use developments looking for in order to help attract tenants to the apartments above?

  5. With hotels like Shinola, Siren, The Mid, and The Element opening up in Detroit, it shows that tourism is coming back to Detroit. What impact will tourism have on the CRE industry outside of hospitality?

Venue

Gem & Century Theaters, Detroit
333 Madison St.
Detroit, MI 48226

Floor: Lobby Level


Offsite parking available:
-There are Prime Flat lots directly across the street from the venue on Madison.
- “Z” & Opera House Garage
- Madison Avenue has Zone (metered) parking on both sides.

Agenda

Time Activity
12:30 PM
1:30 PM
Coffee, Breakfast, & Networking!
1:30 PM
2:15 PM
Multifamily Comeback

Mixed-Use Developments Are Popping Up On Every Corner

2:15 PM
3:00 PM
Detroit's Tourism Revival

Five Boutique Hotels Are Set to Hit Detroit: What Is Driving This Boom

3:00 PM
3:30 PM
More Networking!

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