DALLAS (AP) — Some students from an all-girls school in Dallas recently got a lesson in commercial real estate by competing to come up with the best use for a vacant building.
Twenty-eight girls from the Irma Rangel Young Women's Leadership School toured a vacant building recently near the city's new Margaret Hunt Hill Bridge as part of the CREW Careers Building Opportunities program, which aims to educate girls about careers and opportunities in commercial real estate.
CREW in the Community, the philanthropic arm of Commercial Real Estate Women Dallas, hosted the event at the 31-year-old structure, the Dallas Morning News reported (http://dallasne.ws/VYq4pr ).
It was the fifth year that students at the grades 6-12 school participated in the program. Past projects including looking at an old Dr Pepper plant and a Goodyear tire retread factory in Dallas.
"We want to be a resource for college and career planning," said Regina Weaver, director of community projects for CREW Careers. "We have a great partnership with Irma Lerma Rangel Young Women's Leadership School and hopefully inspire future businesswomen of tomorrow through our program."
The one-story building near the bridge is located in a changing landscape of new apartments, restaurants and revitalized businesses. Building owners Jim and Rebecca Tudor of Twinrose Investments first led the girls on a tour of the 32,000-square-foot structure. They were told about the building's layout and also learned about accessibility standards, firewalls and building codes.
Some students wanted to know if the bridge nearby had increased the value of the building, most recently used for office space.
"Any kind of transportation improves the value of your property," Jim Tudor told them. "It creates some opportunities for people on the other side of the bridge to maybe do some new things that maybe didn't make sense before because it was hard to get to."
The 28 girls then split into five teams and came up with plans. After a presentation to a panel of judges, the winning team was announced at the Rangel school, which is in the Fair Park area.
The winning concept was a multipurpose building with a grocery store, restaurant, bar and second floor for additional space.
"It's obvious that it's going to be a hot area in a few years," Lara Andree, 14, explained later. "There are apartment complexes, and people are going to need somewhere to eat."
Information from: The Dallas Morning News, http://www.dallasnews.com