RESUME

Louis Raymond Steadwell
3022 Chestnut Street, Northwest
Washington, D.C. 20015
magusdc@ix.netcom.com
http:www.washingtondchomes.com

MISSION

To give fully of my competence and energy to serve my family, my clients and customers, and my community.

EDUCATION

MCP, City Planning & Urban Design, University of California, Berkeley 1969-71
B.A., Political Science, University of Connecticut, Storrs 1965
Real Estate Broker Preparation, Lumbleau Institute, Sherman Oaks, CA 1984

PROFESSIONAL EXPERIENCE

Present:     Realtor and Sales Associate. The New Washington Land Company, Inc.

Previous:          Founder and Executive Director. Meridian Public Charter School. 1999-2001
     
     Realtor and Sales Associate. Evers & Company 1999-2004
     Realtor and Sales Associate. RE/MAX Capital Properties 1996-99
     Long & Foster Realtors, 1994-96, Prudential Preferred Properties, 1986-94 Sales Associate.
     
     Broker and Sales Associate. Wagner-Jacobson Brokerage, 1985-86.  
     Sold commercial and investment property in Los Angeles, CA

Partner. Morrow, Steadwell & Associates, 1982-84.  
Organized acquisition, rehab, financing and conversion of multi-unit housing projects in Washington.

Management Trainer. SRA Technologies, 1982-84.
Developed management training for the Department of Labor and Equal Employment Opportunities Commission.

Research Associate. Urban Institute, 1980-82.
Directed site operations for the national evaluation of the CETA employment training program.

Program Administrator. Legal Services Corporation, 1976-80
Directed the Office of Program Support which provided national training and technical assistance to Legal Services lawyers and paralegals.

PERSONAL

I moved to Washington in 1976 to take a position with the Legal Services Corporation. I am married, and make my home with my wife, Christine, and family in Northwest Washington.  My children, Kate 25, Laura 23, Rebekah 17, and my nephew Courtney 21, attended DC public schools.  Kate, a Spelman College graduate, is a second-year law student at NYU, Laura, Amherst College graduate, is an active poet and writer, Rebekah a senior at The Field School, will attend Oberlin College in the Fall, and Courtney, is a student at Virginia State University. I am a member of St. Margaret's Episcopal Church and direct the junior choir. I sit on the Board of Trustees for Capital City Public Charter School and the Chelsea School of Silver Spring,am a member of the Trust for Historic Preservation and an occasional volunteer for Habitat for Humanity.

Ovation Development

Ovation Development


M E M O R A N D U M

December 28, 2005


To: Friends of the Brexton Hotel

From: Lou Steadwell

Subject: Brexton Project At Last!

At long last, the updated plan for the Brexton has been approved by the Commission for Historical and Architectural Preservation  of the Planning Department for the City of Baltimore. (See link to 12/26 Baltimore Sun article: http://www.baltimoresun.com/business/realestate/bal-to.archcol26dec26,0,2292949.column?coll=bal-search-headlines&track=mostemailedlink

I met with the owner, Steve Mowbray, who has restated his intention to sell the building. This time, the price is $1.6 million with the updated historic preservation tax deferral and tax credit (estimated to be at least $400,000) intact. At this point Steve has one other offer, which he says is too low.

Things have changed some since we first looked at this project. Mortgage interest rates, though still historically low, have increased and prices have begun to level off. The condo market in the District is loaded with inventory and so sales have slowed dramatically. The market in Baltimore is still pretty strong (prices keep rising and the inventory is much lower than DC). I think this project can still be done and am still interested.

I have also obtained the updated plans for the proposed renovation, including the redesigned stair tower. The changes by the Preservation Commission require that the stair tower be brick and reiterate the exterior design of the building with the large round windows facing the back street. I have my own copy of the key and plan to visit the building later next week with the contractor. If you are interested in walking the building with us call or drop me an email and I’ll let you know the time.

At this moment, we are in a good position as one of two interested parties. I am working toward gathering the information I need to submit an offer on the building sometime early in January.