Manager of TOD Lucy Galbraith delivered this presentation to the Capital Metro Board of Directors Rail Committee on June 14, 2010. The presentation is a good overview of TOD and its benefits, and an update on TOD progress at four MetroRail stations.
4. 2025 TOD Market: 14.6 m households Singles & Couples without children Married couples w/ children Other households w/o children Other households w/ children Source: Center for Transit Oriented Development
15. Leander Station Place : Leander, one of the fastest growing towns in the region, adopted an award-winning form-based code in 2005. Opportunities : Mixed use town center, adjacent to new ACC campus. Challenge : Financing parking garage for replacement parking. Status : Development partner selected in 2007. Final entitlements expected by Fall 2010. Grant application for street & parking infrastructure pending. Approximately 600-1,000 housing units, 50,000-100,000 SF commercial space are planned.
16. Leander plans Aerial photo of Leander Park and Ride. Capital Metro’s 14 acres are outlined in white.
18. Crestview Station Place : Intermodal hub, good neighborhoods. and corridors with extensive redevelopment potential. Opportunity : Urban village in close-in location. Easily accessible to multiple employers. Challenge : Lamar & Airport corridor needs redesign. Austin Energy property needs redevelopment. Status : Existing Joint Development Agreement with award-winning Midtown Commons. Encouraging other nearby developments.
21. MLK, Jr. Station Place : Strong historic neighborhoods with a sense of history and local culture. Opportunity : Community building developments including nonprofits, church, mixed income housing, affordable housing, daycare, etc.. Challenge : Balance new and old elements to serve both newcomers and long-time residents. Status : Chestnut Commons is occupied, PeopleFund is under construction, Redeemer Lutheran educational center is open, affordable housing (M Station by Foundation Communities) broke ground May 12.
26. Plaza Saltillo Place : Near Downtown, a distinct neighborhood composed of established communities and industrial uses. Opportunity : Redevelopment of industrial sites can add residents, businesses, and affordable urban living without disturbing existing single-family housing. Challenges : Environmental cleanup, infrastructure, and community concerns must be addressed. Status : Feasibility study for Capital Metro property based on adopted Station Area Plan will be completed Summer 2010, with possibility of issuing an RFP for development within the next year.
32. Summary Good walkable urban development needs transit to reduce parking demand and traffic impact on surrounding areas. Transit needs good development to reach its full potential. The market for TOD is large and growing. Austin has many opportunities with MetroRail and MetroRapid. Capital Metro works with our partners, both public and private, to create good transit-oriented development.
600-1000 housing units, 50,000-100,000 SF commercial space
This is the aerial of the park and ride. Capital Metro’s 14 acres are outlined in white. We went though an RFQ process and selected a development/design team to work with. The developer owns the surrounding property; Torti-Gallas is the design firm.
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