51茶馆

At the end of the spring semester, a team of students in Senior Lecturer Edward Chazen鈥檚 Field Projects in Real Estate course didn鈥檛 just receive a grade for their chosen development project. They drew headlines in the听Boston Globe听and other local outlets. The media attention began almost as soon as the students began working on their bold plan to renovate the long-shuttered Everett Square Theater in Boston鈥檚 Hyde Park section.

听read the听骋濒辞产别听headline on January 27. 鈥�51茶馆 Restoration Could Revive Everett Square Theater,鈥� announced the Hyde Park edition of the听, which ran no fewer than three articles this past spring on the five-member student team. The movie-goer guide Cinema Treasures and other sites reported on the team鈥檚 progress as well.

Launched in the spring of last year and听, Field Projects in Real Estate sends teams of students into Boston-area communities to create development plans on behalf of real clients. 鈥淚t gets them out of their comfort zones,鈥� said Chazen, explaining that the teams work with experts and stakeholders they wouldn鈥檛 normally encounter on campus.

The class is part of the curriculum offered by the Carroll School鈥檚听Joseph E. Corcoran Center for Real Estate and Urban Action.

The spring 2017 course included two other groups working on their own semester-long projects. One team prepared a comprehensive plan to develop surplus property next to the Church of the Holy Spirit in Boston鈥檚 Mattapan section on behalf of the congregation. The other one spearheaded a project to redevelop shops and pedestrian areas on two streets of the city鈥檚 Downtown Crossing neighborhood together with its client, the Downtown Boston Business Improvement District.

A THEATER FOR THE NETFLIX GENERATION

On May 3 in Fulton, the Everett Square group conducted a dress rehearsal of its final presentation that would take place a week later in Hyde Park. 鈥淥ur client is passionate about bringing the arts to Hyde Park, so we really want to make this come true,鈥� said Jacqueline DaTorre 鈥�17, referring to the owner of the property, longtime Hyde Park resident Patricia Tierney.听The building needs a full restoration.

Other members of the team included two more Carroll School students鈥擜aron Horne 鈥�17 and Michael Lane 鈥�18鈥攁s well as Connor Maguire 鈥�17 and Kelsey Tague 鈥�18, both from the Morrissey College of Arts and Sciences.

Dressed in business attire and armed with dozens of PowerPoint slides听including photos of the dilapidated interior,听the students rehearsed the entire听presentation.听Among other highlights, they discussed research methodology, which听included interviews with directors of other revitalized community theaters in the region,听and financing, which听would involve several sources, notably听$4.1 million in state and federal tax credits for historical landmark听status. They even prepared a calendar of possible events along with potential revenue from different groups of arts patrons.

The idea听is听that the theater would become a nonprofit organization,听presenting popular though out-of-circulation movies and live productions. It would also rent out听much-needed rehearsal space听to community arts groups including听theater and dance troupes.

Although the original听interior听had 700 seats, the team鈥檚 proposal cut that number down to 450. 鈥淧eople don鈥檛 want to go to a theater where they鈥檒l be cramped for legroom in the age of Netflix when they can watch movies relaxing in their living rooms,鈥� Lane told a group of 25 people, mostly students and faculty, who turned out for the rehearsal.

A $10.2 MILLION PLAN

Among those present was Carroll School graduate William Weber 鈥�96, principal鈥攁long with his brother Michael 鈥�02, also a Carroll School alum鈥攐f the prominent New England electrical contracting firm听. During a Q&A after the formal presentation, he said the students were on safe ground with their estimates of the costs of renovation. 鈥淚 think the numbers you鈥檙e using are fairly conservative,鈥� said Weber, who heard about the project after reading the first听Boston Globe听article and reached out to professor and students with help and advice.

Afterward, Weber said: 鈥淚f they had a class like this when I was here, I would have definitely taken it.鈥澨�

On May 11, the students unveiled a $10.2 million plan to restore the Everett Square Theater. In a Hyde Park public library, they delivered their 54-page presentation to Tierney and a handful of community leaders along with their professor. The听Boston 骋濒辞产别听followed up with听听that cited the next steps mapped out by the students, who are done with the project. These would include registering the theater as a historic landmark and assembling a development team.

鈥淭he Everett Square Theater went from dead in the water to a great hope in five months because of their work and belief in the possibility,鈥� Boston City Councilor Timothy McCarthy, who worked closely with the students, said in a statement prepared for the听Globe. 鈥淣ow the real work begins.鈥�

听