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Facing a new master plan, development interests in Stamford square off

Elizabeth Kim | CTPost.com

Last spring, Stamford embarked on a more than a yearlong effort to update its master plan by holding a series of public workshops. Spearheaded by planners, the forums were promoted as a rare opportunity for average citizens to shape the city’s future.

But as the process draws to a close and the city’s Planning Board nails down the details of a high-stakes plan that spells out a road map for development, it is the city’s biggest business interests that are emerging as the most vocal stakeholders, drawing battle lines that could have an impact on the landscape, quality of life and economy for years to come.

In what has been one of the most closely followed changes, the 2024 master plan will include a re-categorization and remapping of the downtown, an area designated for the city’s most-intense development. At the same time, the plan will also incorporate the South End and the success of the $3.5 billion Harbor Point redevelopment with the creation of a new land-use category called “urban mixed use.” Read more

New Denver Centennial apartments add transit-friendly options for residents

Clayton Woullard | YourHub 

Centennial is hoping its first transit-oriented development increases ridership at the nearby Arapahoe Station light rail stop and offers an expanded variety of housing for its residents.

A new apartment complex at 7700 E Peakview Ave. — about a five to seven minute walk from Arapahoe Station — is currently under construction by developer Forestar.

The first apartments will be open to occupants this fall, with the full 304 apartments built out and occupied by 2015, according to Tom Etheredge, executive vice president of multifamily operations for Forestar. The site plan for the apartments was approved in 2011.

The entire project is expected to include an office and retail component , but that parcel of land has not been bought yet, said Kristopher Barnes, vice president of real estate at Resolute, the master developer who bought the original property in 2007. The original transit-oriented development was approved by the city in 2008.

Forestar purchased one parcel of the land, about four acres, for about $50 million in 2012 and began apartment construction then, according to Etheredge.

The master plan for the entire property includes 500,000 square feet of office space and ground floor retail with a half-acre park.

“There’s a lot of competition for office sites for this corridor,” Barnes said. “We would like to have a tenant say ours is the one based on unobstructed views to the west.”

He said Resolute is looking for an office developer. That parcel could also involve more high-density residential but would probably be a restaurant to serve the nearby office workers, or a fitness club. He said it would probably be 10,000-15,000 square feet of retail at most. Read more

Los Angeles Expo Parking Gone?

Lynne Bronstein | Culver City Observer

 

BYE BYE FREE Parking. 586 free parking spaces will disappear if the Culver City Council votes to sell the property to Lowes Development for a planned hotel and office and retail complex. The lot is currently full by mid morning with commuter vehicles.

Culver City has announced the anticipated sale of city-owned and Successor Agency-owned real property at the Culver City Expo Line station to Lowe Enterprises.

The properties, which bear addresses on Venice Boulevard, National Boulevard, and Exposition Boulevard, and are described as “blighted,” are currently being used for parking for the Expo Line station.

The properties have been designated for development as a Transit-Oriented Development (TOD) project since January 2011, when the former Redevelopment Agency entered into an agreement with Lowe. The Agency Parcels and the City Parcels (collectively referred to as the “TOD Project Site”) and an adjacent parcel owned by the City of Los Angeles (known as the “LACTMA Parcel”) are proposed to be developed as “a global transit oriented development comprised of a mix of compatible land uses including office, retail, restaurant, hotel and residential.” Read more

Chicago Developer to Take On $1 Billion Union Square Redevelopment

Nate Boroyan | City News 

Chicago-based Magellan Development Group and partner Mesirow Financial will handle the $1 billion redevelopment of Union Square in Somerville.

The Boston Business Journal reports the Somerville Redevelopment Authority selected US2 ( a.k.a. Magellan Development and Mesirow Financial) over heavy-hitters Gerding Edlen (315 on A), Federal Realty Trust (Assembly Row) and the Abbey Group (45 Province).

Magellan Development Group will manage the entire 12-acre Union Square Revitalization Plan “and will have authority to take property by eminent domain,” the BBJ reports. The total scope of the project is 2.3 million square feet of new development along seven blocks. Read more

How Can The Twin Cities Develop the Area Between Them?

Courtney Subramanian | NationalSwell 

With all the reports of a lack of funding of infrastructure and transit projects nationwide, the Twin Cities have some good news to share.

Last Saturday, they celebrated the opening of a third light-rail line: the Green Line.

The nearly $1 billion transportation project is touted as more than just an engineering project to connect the vein that pulses from St. Paul to Minneapolis — it’s the city’s biggest foray into economic revitalization yet.

The Green Line initiative is the result of more than three decades of planning — returning the vacant lots and blighted 11-mile stretch between the two cities back into the bustling corridor it once was during the early part of last century. Known as the Central Corridor, the Green Line’s route will provide public transit from the state Capitol through the area of immigrant-owned, small businesses and to the University of Minnesota’s campus. Read more

The Domain developer coming to East Austin: Cap Metro votes on future of Plaza Saltillo

Don Martin | CultureMap

And then there was one. Competition for the redevelopment of East Austin’s Saltillo Plaza came to a somewhat stormy conclusion on Monday night with the Capital Metro Board voting to select the proposal by Endeavor Real Estate and Columbus Realty to redevelop the 10-acre space.

In May, Capital Metro narrowed the choices down to Endeavor’s proposal and a plan by Saltillo Collaborative, an affiliation of various companies led by Austin developers Perry Lorenz and Larry Warshaw, the Trammel Crow Company and the Guadalupe Neighborhood Development Corporation. Endeavor is the developer of The Domain, and Columbus is a major developer of residential units within The Domain.  Read more

Huge LA Mixed-Use Project Could Change the Face of Chinatown

Bianca Barragan | LA Curbed

All the crane-and-construction action in Downtown has been seeping up into Chinatown for a while now—the Jia Apartments opened recently, the Blossom Plaza complex has finally gotten underway, and the old Velvet Turtle lot has been cleared out for an undetermined future mixed-use project.

Why, the only thing it’s missing now are some residential high-rises. Enter a new proposal by EVOQ Properties (as seen on Building LA), which has two visions—both huge—for a project called College Station on a Gold-Line-adjacent lot at the northeast corner of Spring and College. One plan has two 20-story towersrising on the 5.24-acre lot, along with retail, live/work units, market-rate apartments, a market, parking, and affordable housing for seniors. And even the less ambitious plan would create 533 new transit-oriented units, more than double the apartments in Blossom Plaza, underway just across the street. Both are designed by VTBS Architects. Read more

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