A Look at Transit Oriented Development Planning, Benchmarking, Projecting

City Council Briefing February 2, 2016

Brian S. Solis, AICP, LEED Green Associate SGA Interim Director

Transportation and Transit Planning Manager

Overview

I. Existing, approved land use planning policy

II. What is Transit Oriented Development (TOD) and where is it planned?

III. Benchmarked TOD in other cities I. Questions and comments

Strategic Growth Areas 2% of Land Area =

50% of future growth

Military Installations 8% of Land Area = Stable

Transition Area 2% of Land Area = 15 - 20% of growth

Rural + Parks 50% of Land Area = Stable

Suburban Area 30% of Land Area = Stable

Suburban Focus Areas + Special Economic Growth Areas

8% of Land Area = 30 - 35% of growth

Fulfilling Land Use and Transportation Planning Policy

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SGA Character – All Different Each SGA has its own unique character, distinct identities help prevent competition between the areas and provide various opportunities.

Burton Station: Jan 2009 Next Generation Manufacturing and Technology Zone

Centerville/Regent: March 2013 Education-oriented master planned community

Newtown: July 2010 Keynote Employment District

Pembroke: Nov 2009 Virginia Beach’s Central Business District

Rosemont: Sept 2011 Transit-Oriented Residential Village

Hilltop: Aug 2012 Regional Retail Destination Health Services Cluster

Oceanfront: Dec 2008 Flagship Resort and Recreational Destination

Lynnhaven: April 2012 PDR Hub (Production, Distribution and Repair, Service District)

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Fulfilling City Land Use Policy, Transportation Planning and Public Engagement

Policy documents developed after extensive public and stakeholder involvement

7 of 8 adopted SGAs plus the Princess Anne/ITA Plan include alternative multimodal transportation, such as light rail, as key to maximizing benefit to City and region

Envision VB2040 and Sustainability Plan emphasize need for Connected Community via multimodal solutions

Adopted Centerville SGA Master Plan

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What is Transit Oriented Development (TOD)?

Mix of housing, office, retail and/or other amenities in walkable area located within a half-mile of quality public transportation

Potential for increased and/or sustained property values where transit investments have occurred

Improved access to jobs

Expanded mobility choices that reduce dependence on cars, reduce transportation costs

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Shifting Demographics

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Shifting Demographics - Today

Source: Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping America and the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions.

8 Demographics Light rail is a key element for optimizing

the planned SGAs Light rail, enhanced bus and paratransit

services will support baby boomer needs and millennial and following generation desires

Dallas, TX (9th largest in U.S., 4th largest MSA)

113 bus routes + 18 shuttles, 4 light rail lines, 1 street car and 1 commuter train

62 light rail stations, 10 commuter rail stations, 4 street car stations

1996 to 2013 -- more than $1.5 billion in new construction within .25 mile of stations (Study by University of North Texas)

1993 and 2013 -- over $752 million in multi-family development and $617 million office and retail development occurred within .25 mile of stations

Another $3.9 billion in new projects planned

Tax contributions for new development near stations exceed $36 million annually

Offices located within .25 mi. of rail system have seen, on average, a 13.9% premium on lease rates

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DART Founded in 1983

Charlotte, NC (17th largest in U.S., 22 largest MSA)

CATS started in 1999 Includes 69 bus routes, Blue Line

light rail, Gold Line street car line and bus rapid transit and 10 stations

In first 8 years, $1.46 billion of new private development occurred along only half of the line – hotels, retail, residential units

Property values increased, which in turn increased local tax revenue from $6 million per year to $16 million per year in 2015

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Charlotte, NC (17th largest in U.S., 22 largest MSA)

Examples of development projects planned at various stops along the 9.3-mile Blue Line Extension, which opens in 2017:

9th St. Station: First Ward Park – “grand park” surrounded by apartments, hotels and office space

25th St. Station: 250-unit apartment complex with retail at corner of North Davidson and 26th streets

36th St. Station: 350 residential units and potential hotel and boutique grocer at Blue Line station

Sugar Creek Station: major mixed-use development on West Craighead St. – 450 residential units spread over 25 acres

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Denver, CO (21st largest MSA in U.S.)

Includes 6 light rail lines with 46 stations and 47 miles , 79 local, 16 express, 16 regional, 11 limited, and 5 skyRide bus routes

It also includes Denver now #1 destination for millennials

95 % of all companies new to the region locate within ½ mile of an LRT station

CBD cemented as strongest office market due to transit access

<40% of CBD workers get to work by auto

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Regional Transportation District - 1969

13 As of April 2010, the following TOD was complete or under construction FasTracks corridors 17,400 housing units 4,900 hotel rooms 5.3 million s.f. of retail space, 5.27 million s.f

of office space 2.3 million s.f. of civic space 160,000 s.f. of cultural space 1.6 million s.f. of educational space 5.96 million s.f. of medical‐related space 2.6 million s.f. of convention space TOD Projects in Denver: 16th Street Mall, Central Corridor, Southwest Corridor, Central Platte Valley, Southeast Corridor, West Corridor, Union Station, East Corridor

Denver, CO (21st largest MSA in U.S.)

Portland, OR (28th largest in U.S., 24th largest MSA)

Includes 80 bus routes, 5 light rail lines (60 miles), 2 street car lines, one commuter train line (14.7 miles)

97 light rail stations and 5 commuter

As of 2014, 31 TOD projects completed totaling $528 million of investment

FY2013-2014 -- two TOD projects completed, four under construction and three approved to begin with more in the pipeline

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Tri-County Metropolitan Transportation District “Trimet” - 1969

Portland, OR (28th largest in U.S., 24th largest MSA)

Development within the first 5 years since engineering: As of FY 2013-2014:

3,296 residential units

399,796 square feet of commercial space (retail/office)

This required only 51 acres of land, thereby preserving farms and forestland. If developed conventionally, would have used 530 acres

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Minneapolis, MN (46th largest in U.S., Minneapolis-St. Paul 14th largest MSA)

Includes 132 bus routes, 2 light rail routes, 1 commuter train and 1 bus rapid transit route

Over $2.5 billion in investment within a half mile of the track was announced in 5 years following start of engineering

Individual businesses near the line have seen 10 to 18 percent sales increases

New senior housing near Fairfield Ave. station

New complex of affordable homes near Hamline station

New 8-acre, $30 million destination brewery and beer garden in an old industrial neighborhood along the line

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Minneapolis-St.Paul Metro Transit - 1967

Norfolk

7.4 mile starter line

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The Tide - 2011

Salt Lake City, UT (48th largest MSA in U.S.)

Includes 134 miles of light rail lines with 50 stations, 68,100 daily ridership

Salt Lake region recently completed a $2.5 billion transit system expansion, doubling the system in last 5 years

The Church of Jesus Christ of Latter-day Saints is creating state's most high-profile transit-oriented development (TOD) — the $1.5 billion, 23-acre City Creek Center project

Phase I Jordan Valley Station TOD, called Bangerter Station, is a recent $40 million 267 housing units, ultimately 1,400 units

83,000 s.f of office space, and 35,000 sf. of restaurant and retail space

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TRAX - 1999

Buffalo, NY (54th largest MSA in U.S.)

Includes one, 6.4 mile light rail route line that averages 15,700 daily ridership

Revitalized mixed use area on Erie canal waterfront, planned at over 1 million s.f. of retail, hospitality, commercial, cultural, and residential space in downtown Buffalo. Managed by Global Spectrum valued at over $300 million investment in last 5 to 7 years.

Canalside is accessible by the Metro Rail and Bus NFTA Metro Rail and Bus, “Erie Canal Harbor” stop

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Buffalo Metro Transit Rail - 1984

Light Rail Information Briefing Schedule February

* February 17 – HRT public open house at The Westin on 15% Light Rail Extension Project Design Economic Analysis and Projections for Transit-Oriented Development and Job Creation, Ron Berkebile, SGA Economist Memorandum of Understanding, Brian Solis, Interim SGA Director

March

Light Rail Vehicle Purchase, William Harrell, HRT CEO

April Analysis of Virginia Beach Projections, Dr. James V. Koch, Board of Visitors Professor of Economics and President Emeritus at ODU

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A Look at Transit Oriented Development Planning, Benchmarking, Projecting

City Council Briefing February 2, 2016

Brian S. Solis, AICP, LEED Green Associate SGA Interim Director

Transportation and Transit Planning Manager

Questions and Comments