2016 - Ride METRO · PDF file• City of Houston Economic Development ... B Source: CoStar...

purplelinet r a n s i t o r i e n t e d

d e v e l o p m e n t s t u d y

M a y

2016

/ Introduction

TA B L E O F C O N T E N T S

/ Elgin / Third Ward Station

/ Leeland / Third Ward Station

/ Palm Center Transit Center Station

/ Next Steps and Partnerships

/ How Can We Work Together? Public Realm Improvements

04

1006

18

2322

03

/ MacGregor Park / MLK Jr. Station14

METRO would like to thank:

• City of Houston Economic Development • City of Houston Public Works & Engineering • City of Houston Housing Department • Energy Corridor Management District • Westchase Management District • Southeast Houston Transformation Alliance (SEHTA) • Old Spanish Trail (OST) Community Partnership • Super Neighborhood #68 • Houston Texans YMCA • OST Almeda TIRZ #7 • Greater Southeast Management District • Farmers Market, Palm Center & Park at Palm Center • TIRZ #21 Hardy/Near North Side; • North Central Civic Club • Greater Northside Management District; Economic Development Chair

for Greater Northside Chamber of Commerce • Greater East End Management District • Second Ward Super Neighborhood • Super Neighborhood #64 & #88 per Neighborhood 64 & 88 • Schaum / Shieh Architects • The Itex Group

This work contains fair use of copyrighted and non-copyrighted images from the public domain and the web for non-commercial and nonprofit educational purposes. This work is distributed in good faith and free of charge.

STUDY PARTNERSHOUSTON - GALVESTON AREA COUNCIL AND CITY OF HOUSTON PLANNING & DEVELOPMENT

EaDo / Stadium

Convention District

Leeland / Third Ward Station

MacGregor Park / MLK Jr. Station Palm Center

Transit Center

Elgin / Third Ward Station

UH South / University Oaks

Robertson Stadium / UH / TSU

Better connects people and joBs

expands choice of travel modes

reduces traffic

I N T RO D U C T I O N

METRO initiated the Transit-Oriented Development (TOD) study

in the Southeast Corridor (Purple Line) to demonstrate the

market potential of select METRORail stations in the light-rail

corridors, and encourage new development opportunities around

these stations.

WHAT IS TOD?

TOD is a type of community development that includes a mixture

of housing, office, retail and/or other amenities integrated into a

walkable neighborhood and located within a half-mile of quality

public transportation.

0504

Source: www.Yelp.com, 2015

Source: www.uh.edu, 2015

15%Population increase from 2010 to 2019

2010 2011 2012 2013 2014

AVERAGED SINGLE-FAMILY ATTACHED SALES PRICE / SF IN THE HALF MILE RADIUS

160

0

80$74

$120 $130$154 $164

120

SP /

SF

$200

40

EaDo / Stadium

Leeland / Third Ward

UH South /University Oaks

Elgin / Third Ward

MacGregor Park /MLK Jr.

Robertson / UH / TSU

Palm Center Transit CenterTo Downtown

46 DOM

DOM = Days on Market SF = Sq ft.

104 DOM

83 DOM

34 DOM

16 DOM

07

PLANNED SINGLE FAMILY ATTACHED AND DETACHED HOMES IN PROXIMITY TO THE STATION

two hundred fifty-eight

LEE

LAN

D /

TH

IRD

WA

RD

STA

TIO

N

06

MEDIUM-TERM SCENARIO

Sour

ce: H

oust

on M

ultip

le L

istin

g Se

rvic

e;

CDS

Mar

ket R

esea

rch,

201

4

PLANNED MULTI-FAMILY PROJECTS

TypeStatusTotal UnitsClass

A s p e n H e ig h t s

2616 Clay Street

1901 Cullen Boulevard

2020 McGowen Street

2200 Jefferson Street

E a D o P l a ce

V i ew p o i n t St a t i o n

Te m e n o s A p t s I I

MARKET RATE

STUDENT

MARKET RATE

AFFORDABLE

A

A

A

B

Sour

ce: C

oSta

r Rea

lty In

form

atio

n In

c.;

CDS

Mar

ket R

esea

rch,

201

4

216

180

100

80

PROPOSED

PROPOSED

PROPOSED

UNDERCONSTRUCTION

LEE

LAN

D /

TH

IRD

WA

RD

STA

TIO

N

An estimated 4,488 new housing units will need to be constructed in the Competitive Market Area by 2020 to meet the current population growth trend

0908

LONG-TERM SCENARIO

Elgin / Third WardTo Downtown UNIVERSITY ENROLLMENT

2013

2010

0 10,000 20,000 30,000 40,000 50,000

Texas Southern University

University of Houston

2020

Sour

ce: T

exas

Inst

itutio

ns o

f Hig

her E

duca

tion

Enro

llmen

t For

ecas

t 201

3-20

20, R

ice

Univ

ersi

ty,

CDS

Mar

ket R

esea

rch

43,393

39,336

38,752

EaDo / Stadium




Palm Center Transit Center


ELG

IN /

TH

IRD

WA

RD

STA

TIO

N

UH Main Campus and TSU are estimated to add nearly 5,000 students to total enrollment by the year 2020

1110

21,000 AVERAGE NUMBER OF COMMUTERS into Competitive Market Area on a weekday


13

$11

Low SP/SF $38

Avg SP/SF

$125

High SP/SF

23

Acres For Sale

90

Total Acres

ELG

IN /

TH

IRD

WA

RD

STA

TIO

N

Retail development will occur once new residential development begins, including townhomes and campus housing

12

LONG-TERM SCENARIO

Sour

ce: C

oSta

r Rea

lty In

form

atio

n In

c.;

CDS

Mar

ket R

esea

rch

VACANT LOT ANALYSIS

15

MacGregor Park /MLK Jr.To Downtown

0.5 Mile Radius

Houston Metropolitan Statistical Area

3-person

5-7-person

4-person

1-person

2-person

Hous

ehol

ds b

y siz

e 20

13

48%

24%

12%

9%

7%

24%

28%

17%

15%

16%

HOUSEHOLD SIZE

Sour

ce: A

mer

ican

Com

mun

ity S

ervi

ce

Cens

us D

ata

2012

EaDo / Stadium



Elgin / Third Ward


Palm Center Transit Center

14

N E W H I G H ER D ENSIT Y H O USIN G IS SLOW LY

B EG I N N I N G TO M OV E I N TO T H E W E S T E R N

PA R T O F T H E C O M P E T I T I V E M A R K E T A R E A

— DUE TO DEMAND SPILLING OVER FROM THE

MEDICAL CENTER

MA

CG

REG

OR

PA

RK

/ M

LK J

R.

STA

TIO

N


35 8 1717 9 4 3 11 5

EXISTING BUSINESS INVENTORYdiscount

The figures above represent the inventory of the existing businesses and shopping centers within the Competitive Market Area grouped into major categories (restaurants, financial, auto repair, convenience stores, salons, grocery stores, health related, clothing shops and bars).

17

HIGH DEMAND FORSTUDENT HOUSING

AND AT LIGHT RAILNEAR THE UH-MAIN CAMPUS

ACCESSIBLE LOCATIONS

MA

CG

REG

OR

PA

RK

/ M

LK J

R.

STA

TIO

N

16

LONG-TERM SCENARIO

Palm Center Transit CenterTo Downtown

MEDIAN HOME VALUE INCREASE

Half Mile Radius

$0 $20,000 $40,000 $60,000 $80,000 $100,000

2000

2013

CMA

Sour

ce: U

S Ce

nsus

, 201

0

$87,828

+66%

+81%

$52,842

$40,797

$73,642


EaDo / Stadium



Elgin / Third Ward


18 19

VILLAGES AT PALM CENTER

222 HOUSING UNITS

16,000 SF OF RETAIL SPACE

New higher density housing for future townhome development is slowly beginning to move along Old Spanish Trail and Griggs Road

PALM

CEN

TER

TRA

NSI

T C

ENTE

R ST

ATIO

N


$35,000

20,000

15,000

30,000

10,000

ESTIMATED MEDIAN HOUSEHOLD INCOME INCREASE

25,000

5,000

0HALF MILE R ADIUS CMA

20132000

Sour

ce: U

S Ce

nsus

, 201

0+25%

INCREASE

+17%

INCREASE

PALM

CEN

TER

TRA

NSI

T C

ENTE

R ST

ATIO

N

20

LONG-TERM SCENARIO

The Palm Center redevelopment master plan will be a community

game changer21

22

PEDESTRIAN AND BIKE ACCESS ROADWAYS AND SIGNALSPARKING AND OTHER AMENITIES

1. Extend signed shared bike lanes along Leeland Street east from downtown to connect with the Columbia Tap Trail, the Leeland/Third Ward rail station and the signed bike lanes along Cullen Boulevard.

2. Adding signed bike lanes to Elgin Street and connecting with bike lanes along Cullen Boulevard will provide direct bike connectivity from the station.

3. Enhance sidewalk connectivity by widening and enhancing sidewalk infrastructure within opportunity sites to the southeast of the intersection with MLK Boulevard.

1. Extend Tharp Street to connect with Cullen Boulevard.

2. Connect disjointed sections of Adair Street via the intersection with Holman Street for better street network connectivity.

3. Adjust signal timing at the intersection of the MLK Boulevard and OST/US 90A to reduce extensive waiting time for pedestrians.

4. With redevelopment of the Palm Center site, overlay a mini street grid on the site by extending Cavanaugh Street across the existing Palm Center site to connect with Griggs Road.

1. Parking and future high school school bus loading/unloading could be integrated into a higher density structure in a manner similar to the High School for the Performing and Visual Arts.

2. Add on-street parking where feasible and/or structured parking wrapped by potential mixed-use development within the station areas.

3. Add bike parking at Palm Center Transit Center Station.

How Can We Work Together? Public Realm Improvements Next Steps and Partnerships

1. Continue engagement with the Special Districts using the TOD Marketing Brochure and the framework reports.

2. Coordinate with the City of Houston (Planning, Public Works & Engineering and Economic Development Department), participating agencies and stakeholders to set up the TOD Task Force.

3. Develop a TOD Pilot Project in coordination with the City of Houston’s Economic Development Department.

4. Coordinate with HISD, UH Main campus and other educational districts and institutions to identify TOD opportunities.

5. Continue coordinating with the Housing Authority, LISC (Local Initiatives Support Corporation), the City of Houston’s Housing Department and other stakeholders to identify barriers and potential solutions for more workforce housing close to transit.

23Source: http://campusvueapartments.com/, 2015 Source: CoStar, 2015

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