{"id":197290,"date":"2024-05-09T13:54:27","date_gmt":"2024-05-09T23:54:27","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=197290"},"modified":"2024-05-09T13:54:27","modified_gmt":"2024-05-09T23:54:27","slug":"rise-redevelopment-of-the-year-award","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2024\/05\/09\/rise-redevelopment-of-the-year-award\/","title":{"rendered":"<abbr>RISE<\/abbr> recognized for innovation, awarded design honor"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><figure id=\"attachment_197291\" aria-describedby=\"caption-attachment-197291\" style=\"width: 676px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2024\/05\/manoa-shidler-rise-redevelopment-award.jpg\" alt=\"large pink and blue building\" width=\"676\" height=\"381\" class=\"size-full wp-image-197291\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2024\/05\/manoa-shidler-rise-redevelopment-award.jpg 676w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2024\/05\/manoa-shidler-rise-redevelopment-award-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2024\/05\/manoa-shidler-rise-redevelopment-award-130x73.jpg 130w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" \/><figcaption id=\"caption-attachment-197291\" class=\"wp-caption-text\">Walter Dods, <abbr>Jr<\/abbr>. <abbr>RISE<\/abbr> Center<\/figcaption><\/figure>\n<p>The University of <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span>\u2019s Walter Dods, <abbr title=\"Junior\">Jr<\/abbr>. <abbr title=\"Residences for Innovative Student Entrepreneurs\">RISE<\/abbr> Center has been named the Redevelopment of the Year in the 2024 Impact Awards <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> program by CoStar Group.<\/p>\n<p>The CoStar Impact Awards are judged based on a number of factors including innovation, challenges overcome, and whether the redevelopment is a catalyst for economic activity or vibrancy in the market.<\/p>\n<p>Judges\u2019 comments about the <abbr>RISE<\/abbr> Center included:<\/p>\n<ul>\n<li>&ldquo;This project sets a new standard for <abbr>PPP<\/abbr> (public-private) partnerships and repurposing a historic building into an institutional 21st century building.&rdquo; (Yifan Chen, assistant professor of finance and real estate, <abbr title=\"University of Hawaii\">UH<\/abbr> M\u0101noa)<\/li>\n<li>&ldquo;I chose this project for the efforts it went through to restore this historic site while also creating a place that benefits the surrounding community.&rdquo; (Evan Ketter, leasing manager, <abbr>MW<\/abbr> Commercial Realty, Inc.)<\/li>\n<li>&ldquo;This large redevelopment will turn out some very well-educated business students for our community.&rdquo; (Mark Bratton, senior vice president, Colliers International)<\/li>\n<\/ul>\n<p>&ldquo;The Walter Dods, <abbr>Jr<\/abbr>. <abbr>RISE<\/abbr> Center was self-funded with the private funds that the <a href=\"https:\/\/www.uhfoundation.org\/\"><abbr>UH<\/abbr> Foundation<\/a> raised through bond issuance and no taxpayer funds, and was the foundation\u2019s first development project, which we could not have done without our partners,&rdquo; said John Han, <abbr>UH<\/abbr> Foundation <abbr title=\"Chief Operating Officer\">COO<\/abbr> and <abbr title=\"Chief Financial Officer\">CFO<\/abbr>. &ldquo;We are honored and grateful that CoStar is recognizing the <abbr>RISE<\/abbr> Center with this award.&rdquo;<\/p>\n<p>The $70 million live-learn-work Walter Dods, <abbr>Jr<\/abbr>. <abbr>RISE<\/abbr> Center <a href=\"https:\/\/www.hawaii.edu\/news\/2023\/08\/22\/rise-opens-to-students\/\">opened to the first <abbr>UH<\/abbr> student residents in August 2023<\/a>. It was the first new <abbr>UH<\/abbr> student housing facility in 15 years, successfully repurposing the landmark 1930s Charles Atherton House building into a state-of-the-art modern institutional facility flanked by two new six-story student residential wings. The first-of-its-kind entrepreneurship-and-innovation center for <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> is located on the corner of Metcalf Street and University Avenue at the flagship <abbr>UH<\/abbr> M\u0101noa campus.<\/p>\n<p><span class=\"blocklink\"><a href=\"https:\/\/www.hawaii.edu\/news\/2022\/08\/18\/ching-athletics-complex-expansion\/\"><\/a><a href=\"https:\/\/www.hawaii.edu\/news\/tag\/rise\/\">Read more about the Walter Dods, <abbr>Jr<\/abbr>. <abbr>RISE<\/abbr> Center<\/a><\/span><\/p>\n<p>In 2019, <abbr>UH<\/abbr>, <abbr>UH<\/abbr> Foundation and Hunt Companies <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> entered into a public-private partnership (<abbr>P3<\/abbr>) to design, build and finance <abbr>RISE<\/abbr> Center&#8212;the first <abbr>P3<\/abbr> for the university.<\/p>\n<p>&ldquo;To receive a national award for <abbr>RISE<\/abbr> Center is reflective of not only the vision of the University and the University of <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> Foundation, but also the hard work of the many people that had a hand in opening up this project on time,&rdquo; said project lead Mike Lam, senior vice president of Hunt Companies <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span>. &ldquo;On behalf of Hunt, our project partners and the <abbr>UH<\/abbr> community, we thank CoStar Group for this honor.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The awards are based on a number of factors including innovation, challenges overcome, and whether the redevelopment is a catalyst for economic activity or vibrancy.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[957,734,1505,1593,146,319,9],"class_list":["post-197290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-news","tag-college-recognition","tag-entrepreneurship","tag-innovation","tag-rise","tag-shidler-college-of-business","tag-uh-foundation","tag-uh-manoa","entry","has-media"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/197290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/comments?post=197290"}],"version-history":[{"count":4,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/197290\/revisions"}],"predecessor-version":[{"id":197298,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/197290\/revisions\/197298"}],"wp:attachment":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/media?parent=197290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/categories?post=197290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/tags?post=197290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}