A design proposal by 10 architecture students from the Sam Fox School of Design & Visual Arts has won the 2008 JP Morgan Chase Community Development Competition.
Over the past several months, a class — led by Derek Hoeferlin, lecturer in architecture — has partnered with the Good Work Network, a nonprofit business incubator in New Orleans, to create redevelopment strategies for the Franz Building, a historic retail space at 2016 Oretha Castle Haley Blvd. in the Central City neighborhood of New Orleans.
Two graduate students from Massachusetts Institute of Technology’s Department of Urban Studies and Planning also developed a corresponding business plan.
The first-place award of $25,000 will provide seed money for the Franz Building renovation, which is scheduled to begin later this year. When completed, the 6,800-square-foot structure will house storefront tenant spaces as well as a new headquarters, including offices and classrooms, for the Good Work Network. Last year, the group provided training and support services to more than 600 low-income and minority entrepreneurs.
SOURCE: Washington Univeristy Record: Architecture students win JP Morgan Chase Community Development Competition.