Transit-oriented Development – The Power of Place Making TOD Advisory Committee Meeting 1 August 20, 2009 The Premier Place for a Premier City

A Premier Place through Transit

Transit - A Powerful Investment  Reinforces healthy patterns  Revitalizes by-passed properties  Redirects new development patterns

So, What Exactly is TOD?  Not a development TYPE  Not a project at a station  TOD is a: - Policy decision - Planning approach - Location definition  TOD has key features

Key Features of TODs  Applicable at multiple scales  Have defined centers  Are compact, walkable with diverse use mix  Promote pedestrianism  Rely on and support street grids and connectivity  Increase transit ridership

¼ Mile R = 125 Acres ½ Mile R = 500 Acres The Minimum TOD Opportunity Three Neighborhoods Twelve Neighborhoods

TOD - A Trend Not a Fad  Increasing National Acceptance  Improving Access to Capital  Changing Development Patterns  Enhancing Mobility and Quality of Life

USA Today June 10, 2007 “ Transit-oriented developments are so popular with residents who crave the opportunity to live in a walkable community that at least a dozen cities and suburbs across the USA are embracing the concept – even if they don’t have rail.” Emerging Trends in Real Estate 2007 Transit Oriented Development Rated #1 Real Estate Investment TOD – It’s in the Headlines The Wall Street Journal “In dozens of cities -- from Charlotte, N.C., to Denver to Portland, Ore. -- the hottest redevelopment project is happening next to the local train station.” Business 2.0 “Dense settlements, not sprawling ranch houses, are the future of housing - and could make for a smart real-estate investment.”

Forces of Future Change  80M to 100M people by mid-century  89M new/replacement housing units  190B SF of non-residential  2050, 2/3 all development is new  Demographic shifts – aging + HH size  Housing type and location preferences

Forces of Future Change  “…at least a quarter of all households… looking for housing in the next 20 years – 14.6 million households – will be looking for housing within ¼ mile of a…transit stop.”  “..there will be potential to more than double …housing in transit zones.” Hidden in Plain Sight – Capturing the Demand for Housing Near Transit - Reconnecting America/Center for Transit-Oriented Development

Forces of Future Change “ Empty nesters in the 55 to 64 age bracket will be the fastest- growing segment of the home- buying market until 2010.” The Coming Demand, Meyers, Gearin, et al, USC

Forces of Future Change “To retain and attract millennials, the region and state need to create more of the urban, mixed- use neighborhoods they seek.” Laurie Volk, Market Analyst with Zimmerman/Volk Associates Inc.

Opportunities from Change  Compact development = reverse VMT/GHG emissions trends  Reduce VMT up to 30%  Reduce GHG up to 10%  Only modest density shift  No “new” technology  Compact development  Walkable communities  New urban neighborhoods  TOD

Opportunities from Change

 Energy savings of compact development related to:  Form and density  Housing types  Heat island effects  System power loss  Annual energy savings are about 20%

Dynamic Transit-driven Future

Transit Types and TOD  Transit Offers a “New” Form of Access to Development  It is Not Just Developing Around a Station  Sustainable Development is Compact, Mixed Use and Walkable n  All Modes Do Not Create Equal Land Use Results

Commuter Rail  Generally low/medium land use effects - Existing railroad lines and industrial uses - Station spacing – 5 to 10 miles -Principally park & ride facilities - Large parking areas are negatives - Frequency and service type - Modest customer base for retail uses -Nominal residential and office uses - Longer-term development period

Light Rail  High Land Use Effects - Frequency and type of service is land use supportive - LRT serves as “access” to development - Principal impact area – ¼ (125 acres) to ½ mile (500 Acres) radius - Compact, walkable mixed use results

Streetcar  High to Very High Land Use Effects - Frequency, type, and scale of service is highly land use supportive -Development follows the streetcar line -Redevelopment catalyst - Principal impact area – three blocks each side of line - Compact, walkable mixed use pedestrian-producing results

TOD - Real Estate and Value  Supportive Real Estate Market  TOD-Responsive Land Use Plans  Workable Financial Deal  Public/Private Partnerships  Mixture of Incentives  Appreciation in value

Development Value  San Francisco – Residential value 10% ($23K) >at BART stations  Portland – 11%> within 1500’ of stations  Atlanta - $1000> for each 100’ closer to a station  Santa Clara, CA – 23% > in commercial property values

Development Value  $3.3 B near DART stations  Property values > 45% near stations  32,000 jobs in 6 years  Annual tax revenue: $78 million Mockingbird Station

Streetcars and Value Creation

Streetcar - Twice the Intensity  Source: Portland Streetcar, Inc/ E.D. Hovee & Company Development Intensity (FAR)

$100 M Public Investment $3.5 B Private Investment Portland Streetcar ROI

You Are Not Alone….

Charlotte, NC

Hollywood and Western, LA

Pentagon City, DC

Farmers Branch TOD

Plano TOD

Creating the Premier Place  Phase IA – Opportunities and Vision  TOD Advisory Committee appointment  Project mobilization  Data collection and analysis  Opportunities  Constraints  Vision and Goals + Diagram  NCTCOG Planning Application (Oct. 2)  Phase I Summary Report  Timeframe – October 16

Creating the Premier Place  Phase IB – Concept Development  Land use  Urban form  Mobility network  Station location  Open space network  General implementation strategies  Detailed Work Program and Schedule  Timeframe – December 31  Phase II – Detailed Plan Development  Contingent on NCTCOG grant

Goals and Objectives  Promote livability - diverse housing types, mixed uses, pedestrianism, and TOD  Define City Center as mixed- use, pedestrian-oriented, and multi-modal, providing for future transit integration  Encourage non-residential uses and New Urbanist development style

Future Land Use Plan  TOD is a major feature  Calls for mixed-use, transit-supportive development and mentions a City Center  Future Land Use consists of Old Town Mixed Use, Retail, Mixed Use Primarily Non-Residential, and TOD

Transit in the Plan

Future Land Use

Uptown Old Town Midtown Cedar Hill City Center

Initial Team Observations Uptown Old Town  Great energy  Good timing  Unknown technology  Station locations  Length of area  N/S connectivity  Mobility convenience  Urbanizing Midtown  Suburban Parkway  Adding a grid  Increasing rooftops  Great “parts”  Finding the recipe  The City Center Midtown

Small Group Exercises  Validate/revise the project boundary  Identify key constraints  Identify key opportunities  Identify priorities  Report findings

City Center TOD Study Area

Next Steps  Conduct Vision and Concept Workshop  Hold Committee Meeting 2  Prepare the NCTCOG Application  Review and approve Application  Committee  City Council  Submit Application to NCTCOG on Oct 2  Initiate Phase IB  Committee Meeting 3 – Oct 29  Committee Meeting 4 – Dec 3

Envision A Premier Place for Cedar Hill

Transit-oriented Development – The Power of Place Making TOD Advisory Committee Meeting 1 August 20, 2009 The Premier Place for a Premier City

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