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Metro's Transit Oriented Development...
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Los Angeles County Metropolitan Transportation Authority METRO’S TRANSIT ORIENTED DEVELOPMENT PROGRAM Sustainability Roundtable – April 23, 2010 ROGER S. MOLIERE CHIEF, REAL PROPERTY MANAGEMENT & DEVELOPMENT
Transcript of Metro's Transit Oriented Development...
Los Angeles County Metropolitan Transportation Authority
METRO’STRANSIT ORIENTED
DEVELOPMENT PROGRAM Sustainability Roundtable – April 23, 2010
ROGER S. MOLIERE
CHIEF, REAL PROPERTY MANAGEMENT & DEVELOPMENT
Metro’s TOD Projects
What Metro seeks from TOD
•
Reduced auto use/Increased transit use
•
Density, but consistent with surrounding neighborhood
•
Mix of uses linked to transit•
Upgrades to/Completion of Metro facilities
•
Strong neighborhood and inter-
modal link
•
Pedestrian orientation•
Enhanced transit patron experience
•
Long-term ground lease (typically)
•
Fair market return•
Sustainable development
Completed Projects (Selected)
Hollywood + Vine
Hollywood + Vine –
W Hotel/Condos
•
Line: Metro Red Line•
Site:
+2.30 acres (some Metro-
owned)
•
Development: o
300-room W Hotelo
143 condominiumso
30,000 sq. ft. of ground floor retail
o
Improved/enlivened public plaza
o
New subway portal canopy, subway elevator and bike room
•
Status:
Complete•
Completed:
Q4 2009
Hollywood + Vine –
Apartments
•
Line: Metro Red Line•
Site:
2.35 acres of Metro-owned property
•
Development: o
375 apartmentso
28,000 sq. ft. of ground floor retail
o
New bus layover facility•
Status:
Complete•
Completion:
Q4 2009
Wilshire/Vermont -
Apartments
•
Line: Metro Red & Purple Lines•
Site:
3.24 acres of Metro-
owned property
•
Development: o
449 apartmentso
35,000 square feet of ground floor retail
o
Improved/enlivened public plaza
o
New subway portal and elevator access
o
New bus layover facility on adjacent 1.02-acre parcel
•
Status:
Complete•
Completed:
August 2007
Wilshire/Vermont -
School
•
Line: Metro Red & Purple Lines
•
Site:
2.4 acres
•
Development:
o
800-student middle school
o
Relocation of Metro intake/exhaust shaft and emergency exit
•
Status:
Complete
•
Completed:
Q4 2008
Wilshire/Western
•
Line: Metro Purple Line•
Site:
2.6 acres (1.7 acres owned by Metro)
•
Development: o
195 condominiumso
49,500 s.f. of retail spaceo
New bus layover facility and subway portal canopy
•
Status:
Complete•
Completed:
May 2009
Del Mar Station
•
Line: Metro Gold Line•
Site:
Two parcels totaling 3.56 acres separated by the Gold Line right-of-way
•
Development: o
347 apartmentso
11,000 square feet of ground floor retail
o
Public plaza connected to Gold Line station
o
Refurbished train depot o
600 transit parking spaces
•
Status:
Complete•
Completed:
2007
Del Mar Station
Projects In Negotiation (Selected)
North Hollywood/Universal Region
North Hollywood
•
Line: Metro Red & Orange Lines
•
Site:
Five Metro-owned parcels totaling approximately 15.5 acres
•
Anticipated Development:o
Landmark, high-
density, creative arts-
oriented, “town center”
•
Status:
In Negotiation•
Est. Completion:
TBD
North Hollywood
Universal Station Area
Universal Site Plan
Universal (Phase 1)
•
Line: Metro Red Line•
Site:
Approx. 8 acres of Metro-
owned property
•
Anticipated Development: o
315,000 s.f. NBC Universal media prod./broadcast facility
o
24-story/655,200 s.f. office bldg. (NBC Universal as major tenant)
o
25,000 s.f. of retail/restaurant space
o
3,709 parking spaces, including 800 spaces for transit (of which 230 spaces are new)
o
New 20 space bus facility•
Status:
In Negotiation•
Est. Completion:
TBD
Universal (Phase 2)
•
Line: Metro Red Line•
Site:
Approximately 4 acres (+3.5 acres are Metro-owned)
•
Anticipated Development:o
Option A:
24-story/489,100 s.f. multi-tenant office building
1,467 parking spaceso
Option B:
34-story/300-room hotel and 400 unit residential building
1,467 parking spaces•
Status:
In Negotiation•
Est. Completion:
TBD
Westlake/MacArthur Park
•
Line: Metro Red/Purple Line•
Site:
Two separate Metro-owned parcels totaling 3.7 acres
•
Proposed Development: Two-phased project including:o
172 affordable apartmentso
38,000 s.f. of retail spaceo
316 parking spaces (including 100 “commuter parking spaces”)
o
Public plaza and portal improvements
•
Status:
Phase A in construction•
Est. Completion:
2012 (Phase A)
Taylor Yard
•
Line: Metrolink Rail Corridor•
Site:
Metro-owned property totaling 20.2 acres
•
Proposed Development: Multi-phased project including:o
295 condominiumso
176 affordable apartments (108 for seniors)
o
29,500 s.f. of retail spaceo
Open space•
Status:
In Negotiation•
Est. Completion:
TBD
Taylor Yard
One Santa Fe Neighborhood
One Santa Fe
•
Line: Metro Red Line Yard•
Site:
2.78 acres of Metro-
owned property
•
Proposed Development: o
438 apartmentso
77,000 s.f. of ground floor retail and live/work space
•
Status:
Under ground lease/developer is seeking financing
•
Est. Completion:
TBD
Eastside Projects (Selected)
Metro Gold Line Eastside Extension
1st
+ Boyle (SWC)/Mariachi Plaza
•
Site:
Metro-owned property, private property and a street closing totaling +3.5 acres and lying on the SWC and the NEC of 1st and Boyle. Situated at the Mariachi Plaza station.
1st
+ Boyle (SWC)
•
Proposed Development o
+100 residential rentals (98 affordable) in a mix of single story flats and two-
story town homes
o
+6,000 sq. ft. of community-serving retail space
o
4-story project with one level of below grade parking
•
Status: Seeking entitlements, performing due diligence and assembling financing.
•
Est. Completion:
TBD
Mariachi Plaza
•
Proposed Developmento
+125,000 sq. ft. of retail/community space (including a +45,000 sq. ft. market/drug store)
o
+35,000 sq. ft. of medical office space
o
Expansion of Mariachi Plaza with direct connection to Gold Line portal
•
Status: Developer is re-
evaluating project scope
•
Est. Completion:
TBD
Mariachi Plaza
Chavez + Fickett
•
Proposed Developmento
1.56-acre Metro-owned siteo
73 affordable apartmentso
+3,250 sq. ft. of ground-
floor, community-serving retail space
o
+1,400 sq. ft. of ground-
floor, community space
o
Mix of single-story flats and two-story town homes
o
3.5-story project with one level of semi-subterranean parking
o
Alley access to parking•
Status: In Negotiation •
Est. Completion:
TBD
1st
+ Soto
•
Site:
Metro-owned property totaling +
0.75 acres on the southwest and southeast corners of 1st
+ Soto •
Proposed Developmento
41-50 affordable apartmentso
+14,500 sq. ft. of ground-floor retail space
o
Community spaceo
Preschool facilityo
+11,500 sq. ft. of office space•
Status: Developer is re-evaluating project scope
•
Est. Completion:
TBD
1st + Lorena
•
Site:
Metro-owned property totaling +
0.8 acres and lying on the NWC of 1st and Lorena. A short walk to/from the Indiana station.
1st + Lorena
•
Site:
Metro-owned property totaling +
0.8 acres
•
Proposed Developmento
43-52 affordable apartments
o
+10,000 sq .ft . of ground-floor retail space
o
Community space•
Status: Developer is re-evaluating project scope
•
Est. Completion:
TBD
Other Projects
•
Hollywood + Highland (Red Line –
Complete)–
389,700 s.f. retail center/640-room Renaissance Hotel/3,000 space parking structure/3,500-seat Kodak Theatre
•
Hollywood + Western (Red Line –
Complete)–
120 affordable apartments/9,000 s.f. of retail/Childcare facility
•
Vermont/Santa Monica (Red Line –
In Negotiation)–
140-200 apartments/16,000-24,000 s.f. of retail
•
Temple/Beaudry (In Negotiation)–
145 residential units/11,500 s.f. of retail/24 space bus facility
•
Chavez + Soto (Eastside –
In Negotiation)–
1.94-acre development
•
Sepulveda (Orange Line –
Contemplated)–
12.5-acre development/transit parking
