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Station Area Planning | Catalyst Scale TOD
Railvolution - Dallas | 2015
Station Area Planning | Catalyst TOD | MU Market
•  Basic Urban Planning Strategies of TOD Station Planning
(Texas/Mid-America/Medium Density)
•  Basic Typologies of TOD /M-U
(medium density centers)
•  Associated Economics
(hard costs)
•  Snap Shots
Railvolution - Dallas | 2015
•  Framework plan / Regulatory plan / Guidelines
•  Knowing the Site’s role relative to Place
•  Walkability – the diagram vs. reality
•  Location as Amenity – as Value
•  Public realm
•  Open space / Parks / Linkage
Station Planning Basics
Railvolution - Dallas | 2015
•  Ground floor uses:
•  Livable for Residents
•  Retail strategy
•  Live/Work, Flex – Retail
•  “Plan” to add Value
•  Leverage existing assets
•  Frontages, corners, adjacencies
•  Locational options and premiums
Considerations / Options
Railvolution - Dallas | 2015
•  Basic Real Estate Strategy:
Add Value with Uses and Location (TOD or Place)
•  Basic Planning Formula:
Knit the Station’s Development into the Public/Community Realm
•  Enhancements: Public/Private financial incentives
(TOD sometimes has cache’ with cities – especially with MU )
•  Entitlements:
Generally achievable, especially within a Public/Private Partnerships
Station Area Planning - Development Perspective
Railvolution - Dallas | 2015
Public/Private Partnership Motivations for
TOD / MU / Infill Projects
•  Revitalization thru Place Making
•  Economic Development & Increased Tax Revenues
•  Improving Mobility
•  Championing Smart(er) Growth to the Public
•  Solving for Growth, Density, Mobility
Station Area - TOD / MU Initiatives
Railvolution - Dallas | 2015
P/P/P Alliances – Pivotal for Redevelopment
•  Land Use Regulations – Development policy incentives
(creating Mixed-Use classifications)
•  Urban Design/Planning – Comprehensive Plans
•  Financial Incentives / Fee Waivers
•  But DON’T burden the deal with onerous zoning !
Railvolution - Dallas | 2015
Station Area - TOD / MU Initiatives
Value Creation
•  Supportive Public Policy
•  Compatible entitlement process, zoning, and
building codes
•  Reduced parking requirements
•  Economic incentives
•  Reduced Pain (Congestion, Pollution and/or High
Fuel Costs)
•  Transit as the Alternative
Station Area Planning - Benefits of TOD
Value Capture Attributed to Transit
Railvolution - Dallas | 2015
•  3 or 4 or 5 Story Type V –
wood-framed construction
•  3 over 1 podium (non-combustible)
•  4 over 1 podium (non-combustible)
•  Mid-Rise | Type III or I
•  High-Rise | Type I
Basic Economics of TOD / MU Market
Construction Types / Massing / Density
Railvolution - Dallas | 2015
Basic Economics of TOD / MU Market
Moderate Density
Texas Donut
•  3 and 4 Story/Wrapped Garages – double
loaded corridors
•  50-90 units/acre
•  Option: Commercial at ground level
•  Elevated podium deck
•  Flex retail
•  Efficient site utilization; efficient garage
Railvolution - Dallas | 2015
Basic Economics of TOD / MU Market
Terminology
•  NRSF
Net Rentable SF
based on the Multifamily (major use)
•  Construction Cost
Hard cost only; on-site, but “all-in” –
includes parking (surface or structured) and podium
(if applicable)
Railvolution - Dallas | 2015
3 Story Surface Parked
Railvolution - Dallas | 2015
Basic Economics of TOD / MU Market
3 Story Surface Parked
•  3 Story Type V
Wood Construction
•  “stick”
construction from
grade
•  surface parking
•  approx. $90 – 100 /
NRSF
•  30-35 units/ac
•  4 Story Type V – Wood Construction
•  “stick” construction from grade
•  structured parking - precast or cast-in-place
•  approx. $110 - 125 / NRSF
•  parking Garages - approx. $9-10,000 per space
•  may have soft or flex Retail
•  Urban Infill Station or new Station TOD Center
(suburban/urban)
•  60-100 units/ac
Basic Economics of TOD / MU Market
4 Story Garage Parked
	
  
Railvolution - Dallas | 2015
FLEX SPACE
RETAIL / READY OPTION
LIVE WORK
Ground-level
Convertible
Residential base use
Basic Economics of TOD / MU Market
Construction Types / Massing / Density
Railvolution - Dallas | 2015
Basic Economics of TOD / MU Market
4 story Garage Parked
Railvolution - Dallas | 2015
•  4 Story Type V – Wood Construction
•  “stick” construction over podium deck
•  structured parking - precast or cast-in-place
•  approx. $140+ / NRSF
•  parking garage approx. $10,000 per space
•  Urban Infill
•  Commercial at-grade uses
•  60-100 units/ac
Basic Economics of TOD / MU Market
4 or 5 Story with Podium
Railvolution - Dallas | 2015
Basic Economics of TOD / MU Market
4 or 5 Story with Podium
Railvolution - Dallas | 2015
Why these Building Typologies?
•  Market-driven renter preferences
•  Rent Basis:
general market and sub-market
•  Cost Basis:
land cost + soft costs + hard costs + operational costs (within a
competitive context)
Basic Economics of TOD / MU Market
Railvolution - Dallas | 2015
Local | Regional TOD Perspective
Railvolution - Dallas | 2015
Source : North Central Texas Council of Governments (nctcog.org)
HOUSEHOLD Growth Projections [NCTCOG]
Dallas & Collin County
•  Approx. 16,000 / year
•  At 250 units / development = 65 / year !
Tarrant County
•  Approx. 11,000 / year
•  At 250 units / development = 45 / year !
(based on 2000 – 2030 forecast)
Perspective and Trends
Sidebar
Railvolution - Dallas | 2015
TOD Station Area Planning / MU Practices
Sustainability
•  USGBC LEED program –
LEED ND
(Neighborhood Development)
•  USGBC LEED program –
LEED NC
(New Construction)
•  National Green Bldg Standard
•  Greenbuilt North Texas
program (low-rise option)
Railvolution - Dallas | 2015
•  MU as Penicillin for Towns & Cities
•  Transit is an automatic market magnet
•  Retail is just a matter of “they will come”
•  Live : Work is a no-brainer
•  The car is not king
•  Noise: the rail is the worst offender
•  Lenders race to TOD and MU opportunities
TOD Station Planning / MU Myths
Railvolution - Dallas | 2015
JHP - snap shots
Railvolution - Dallas | 2015
•  Master planning &
neighborhood
redevelopment
strategy
•  Compatible with
forwardDallas!
comprehensive
plan effort
•  TOD relevance
case study : district scale (redevelopment)
vickery meadow improvement district - dallas, texas
Railvolution - Dallas | 2015
Greenville Ave.	
  
Aerial View Looking North	
  
Northwest Hwy	
  
REI	
  Half-Price
Books	
  
Park Lane
DART Station	
  
Northpark	
  
Park Lane	
  
“Five-Points”
Intersection	
  
case study : district scale (redevelopment)
vickery meadow improvement district - dallas, texas
Railvolution - Dallas | 2015
case study : district scale (redevelopment)
vickery meadow improvement district - dallas, texas
Railvolution - Dallas | 2015
Greenville Ave.	
  
Aerial View Looking South	
  
Walnut Hill	
  
JHP	
  
Preston Hollow Village	
  
Central
Expwy/75	
  
Presbyterian
Hospital	
  
Walnut Hill
Dart Station	
  
case study : district study
VMID - dallas, texas
Porosity - Connections - Links
Railvolution - Dallas | 2015
case study : district study
VMID - dallas, texas
Railvolution - Dallas | 2015
case study : district study
VMID - dallas, texas
Railvolution - Dallas | 2015
case-study : station-area planning
swmd tif district - dallas, texas
•  Master plan study for the
Southwestern Medical
District (SWMD) TIF district
•  139 acres
•  Adjacent to the DART Green
line (SWMD Transit Station)
Railvolution - Dallas | 2015
case-study : station-area planning
swmd tif district - dallas, texas
Railvolution - Dallas | 2015
•  Phase one 280 Units
•  5.7 Acres /49.1 u/ac
•  40,000 SF of Retail
•  Adjacent to light rail
station
case-study : station-area planning
swmd tif district - dallas, texas
Railvolution - Dallas | 2015
case study : district plan
crestview station – austin, texas
•  73-acre site
•  Multi-phase
•  CapMetro Rail stop
Railvolution - Dallas | 2015
case study : district plan
crestview station– austin, texas
Railvolution - Dallas | 2015
Phase One
•  Catalyst site includes Capitol
Metro Crestview Station
Transit Plaza
•  316 Units on 10.4 Acres, 30 u/
acre, net
•  62,500 SF commercial
•  Structured parking
case study : district plan
crestview station– austin, texas
Railvolution - Dallas | 2015
case study : district plan
crestview station– austin, texas
Railvolution - Dallas | 2015
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
•  City of Carrollton station area
planning ( three light rail stations)
•  Downtown/Main Street station
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
•  Phase 1 at Downtown/Main
Street Station
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
•  Catalyst site - first
redevelopment opportunity
•  179 units (including Live/Work)
•  6.08 acres, 46 u/ac (at buildout)
•  10,500 sf Retail
•  Structured parking
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
case study : first-tier suburb
downtown station – carrollton , texas
Railvolution - Dallas | 2015
case study : institutional Station Area TOD
universe project | University of Utah
Railvolution - Dallas | 2015
Railvolution - Dallas | 2015
case study : institutional Station Area TOD
universe project | University of Utah
case study : institutional Station Area TOD
universe project | University of Utah
Railvolution - Dallas | 2015
•  TOD on a 7.9 acre
parking lot adjacent
to stadium
•  282 Units
•  7.9 acres, 35.7 u/ac
•  85,000 sf Retail &
Entertainment
•  45,000 sf Office
•  Structured parking
case study : institutional Station Area TOD
universe project | University of Utah
Railvolution - Dallas | 2015
Railvolution - Dallas | 2015

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Station Area Planning: The Fundamentals by W. Brian Keith

  • 1. Station Area Planning | Catalyst Scale TOD Railvolution - Dallas | 2015
  • 2. Station Area Planning | Catalyst TOD | MU Market •  Basic Urban Planning Strategies of TOD Station Planning (Texas/Mid-America/Medium Density) •  Basic Typologies of TOD /M-U (medium density centers) •  Associated Economics (hard costs) •  Snap Shots Railvolution - Dallas | 2015
  • 3. •  Framework plan / Regulatory plan / Guidelines •  Knowing the Site’s role relative to Place •  Walkability – the diagram vs. reality •  Location as Amenity – as Value •  Public realm •  Open space / Parks / Linkage Station Planning Basics Railvolution - Dallas | 2015
  • 4. •  Ground floor uses: •  Livable for Residents •  Retail strategy •  Live/Work, Flex – Retail •  “Plan” to add Value •  Leverage existing assets •  Frontages, corners, adjacencies •  Locational options and premiums Considerations / Options Railvolution - Dallas | 2015
  • 5. •  Basic Real Estate Strategy: Add Value with Uses and Location (TOD or Place) •  Basic Planning Formula: Knit the Station’s Development into the Public/Community Realm •  Enhancements: Public/Private financial incentives (TOD sometimes has cache’ with cities – especially with MU ) •  Entitlements: Generally achievable, especially within a Public/Private Partnerships Station Area Planning - Development Perspective Railvolution - Dallas | 2015
  • 6. Public/Private Partnership Motivations for TOD / MU / Infill Projects •  Revitalization thru Place Making •  Economic Development & Increased Tax Revenues •  Improving Mobility •  Championing Smart(er) Growth to the Public •  Solving for Growth, Density, Mobility Station Area - TOD / MU Initiatives Railvolution - Dallas | 2015
  • 7. P/P/P Alliances – Pivotal for Redevelopment •  Land Use Regulations – Development policy incentives (creating Mixed-Use classifications) •  Urban Design/Planning – Comprehensive Plans •  Financial Incentives / Fee Waivers •  But DON’T burden the deal with onerous zoning ! Railvolution - Dallas | 2015 Station Area - TOD / MU Initiatives
  • 8. Value Creation •  Supportive Public Policy •  Compatible entitlement process, zoning, and building codes •  Reduced parking requirements •  Economic incentives •  Reduced Pain (Congestion, Pollution and/or High Fuel Costs) •  Transit as the Alternative Station Area Planning - Benefits of TOD Value Capture Attributed to Transit Railvolution - Dallas | 2015
  • 9. •  3 or 4 or 5 Story Type V – wood-framed construction •  3 over 1 podium (non-combustible) •  4 over 1 podium (non-combustible) •  Mid-Rise | Type III or I •  High-Rise | Type I Basic Economics of TOD / MU Market Construction Types / Massing / Density Railvolution - Dallas | 2015
  • 10. Basic Economics of TOD / MU Market Moderate Density Texas Donut •  3 and 4 Story/Wrapped Garages – double loaded corridors •  50-90 units/acre •  Option: Commercial at ground level •  Elevated podium deck •  Flex retail •  Efficient site utilization; efficient garage Railvolution - Dallas | 2015
  • 11. Basic Economics of TOD / MU Market Terminology •  NRSF Net Rentable SF based on the Multifamily (major use) •  Construction Cost Hard cost only; on-site, but “all-in” – includes parking (surface or structured) and podium (if applicable) Railvolution - Dallas | 2015
  • 12. 3 Story Surface Parked Railvolution - Dallas | 2015 Basic Economics of TOD / MU Market 3 Story Surface Parked •  3 Story Type V Wood Construction •  “stick” construction from grade •  surface parking •  approx. $90 – 100 / NRSF •  30-35 units/ac
  • 13. •  4 Story Type V – Wood Construction •  “stick” construction from grade •  structured parking - precast or cast-in-place •  approx. $110 - 125 / NRSF •  parking Garages - approx. $9-10,000 per space •  may have soft or flex Retail •  Urban Infill Station or new Station TOD Center (suburban/urban) •  60-100 units/ac Basic Economics of TOD / MU Market 4 Story Garage Parked   Railvolution - Dallas | 2015
  • 14. FLEX SPACE RETAIL / READY OPTION LIVE WORK Ground-level Convertible Residential base use Basic Economics of TOD / MU Market Construction Types / Massing / Density Railvolution - Dallas | 2015
  • 15. Basic Economics of TOD / MU Market 4 story Garage Parked Railvolution - Dallas | 2015
  • 16. •  4 Story Type V – Wood Construction •  “stick” construction over podium deck •  structured parking - precast or cast-in-place •  approx. $140+ / NRSF •  parking garage approx. $10,000 per space •  Urban Infill •  Commercial at-grade uses •  60-100 units/ac Basic Economics of TOD / MU Market 4 or 5 Story with Podium Railvolution - Dallas | 2015
  • 17. Basic Economics of TOD / MU Market 4 or 5 Story with Podium Railvolution - Dallas | 2015
  • 18. Why these Building Typologies? •  Market-driven renter preferences •  Rent Basis: general market and sub-market •  Cost Basis: land cost + soft costs + hard costs + operational costs (within a competitive context) Basic Economics of TOD / MU Market Railvolution - Dallas | 2015
  • 19. Local | Regional TOD Perspective Railvolution - Dallas | 2015
  • 20. Source : North Central Texas Council of Governments (nctcog.org) HOUSEHOLD Growth Projections [NCTCOG] Dallas & Collin County •  Approx. 16,000 / year •  At 250 units / development = 65 / year ! Tarrant County •  Approx. 11,000 / year •  At 250 units / development = 45 / year ! (based on 2000 – 2030 forecast) Perspective and Trends Sidebar Railvolution - Dallas | 2015
  • 21. TOD Station Area Planning / MU Practices Sustainability •  USGBC LEED program – LEED ND (Neighborhood Development) •  USGBC LEED program – LEED NC (New Construction) •  National Green Bldg Standard •  Greenbuilt North Texas program (low-rise option) Railvolution - Dallas | 2015
  • 22. •  MU as Penicillin for Towns & Cities •  Transit is an automatic market magnet •  Retail is just a matter of “they will come” •  Live : Work is a no-brainer •  The car is not king •  Noise: the rail is the worst offender •  Lenders race to TOD and MU opportunities TOD Station Planning / MU Myths Railvolution - Dallas | 2015
  • 23. JHP - snap shots Railvolution - Dallas | 2015
  • 24. •  Master planning & neighborhood redevelopment strategy •  Compatible with forwardDallas! comprehensive plan effort •  TOD relevance case study : district scale (redevelopment) vickery meadow improvement district - dallas, texas Railvolution - Dallas | 2015
  • 25. Greenville Ave.   Aerial View Looking North   Northwest Hwy   REI  Half-Price Books   Park Lane DART Station   Northpark   Park Lane   “Five-Points” Intersection   case study : district scale (redevelopment) vickery meadow improvement district - dallas, texas Railvolution - Dallas | 2015
  • 26. case study : district scale (redevelopment) vickery meadow improvement district - dallas, texas Railvolution - Dallas | 2015 Greenville Ave.   Aerial View Looking South   Walnut Hill   JHP   Preston Hollow Village   Central Expwy/75   Presbyterian Hospital   Walnut Hill Dart Station  
  • 27. case study : district study VMID - dallas, texas Porosity - Connections - Links Railvolution - Dallas | 2015
  • 28. case study : district study VMID - dallas, texas Railvolution - Dallas | 2015
  • 29. case study : district study VMID - dallas, texas Railvolution - Dallas | 2015
  • 30. case-study : station-area planning swmd tif district - dallas, texas •  Master plan study for the Southwestern Medical District (SWMD) TIF district •  139 acres •  Adjacent to the DART Green line (SWMD Transit Station) Railvolution - Dallas | 2015
  • 31. case-study : station-area planning swmd tif district - dallas, texas Railvolution - Dallas | 2015
  • 32. •  Phase one 280 Units •  5.7 Acres /49.1 u/ac •  40,000 SF of Retail •  Adjacent to light rail station case-study : station-area planning swmd tif district - dallas, texas Railvolution - Dallas | 2015
  • 33. case study : district plan crestview station – austin, texas •  73-acre site •  Multi-phase •  CapMetro Rail stop Railvolution - Dallas | 2015
  • 34. case study : district plan crestview station– austin, texas Railvolution - Dallas | 2015
  • 35. Phase One •  Catalyst site includes Capitol Metro Crestview Station Transit Plaza •  316 Units on 10.4 Acres, 30 u/ acre, net •  62,500 SF commercial •  Structured parking case study : district plan crestview station– austin, texas Railvolution - Dallas | 2015
  • 36. case study : district plan crestview station– austin, texas Railvolution - Dallas | 2015
  • 37. case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 38. •  City of Carrollton station area planning ( three light rail stations) •  Downtown/Main Street station case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 39. •  Phase 1 at Downtown/Main Street Station case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 40. •  Catalyst site - first redevelopment opportunity •  179 units (including Live/Work) •  6.08 acres, 46 u/ac (at buildout) •  10,500 sf Retail •  Structured parking case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 41. case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 42. case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 43. case study : first-tier suburb downtown station – carrollton , texas Railvolution - Dallas | 2015
  • 44. case study : institutional Station Area TOD universe project | University of Utah Railvolution - Dallas | 2015
  • 45. Railvolution - Dallas | 2015 case study : institutional Station Area TOD universe project | University of Utah
  • 46. case study : institutional Station Area TOD universe project | University of Utah Railvolution - Dallas | 2015
  • 47. •  TOD on a 7.9 acre parking lot adjacent to stadium •  282 Units •  7.9 acres, 35.7 u/ac •  85,000 sf Retail & Entertainment •  45,000 sf Office •  Structured parking case study : institutional Station Area TOD universe project | University of Utah Railvolution - Dallas | 2015