Rails to Real Estate: Development Patterns along Three New Transit Lines

Posted by Content Coordinator on Wednesday, March 23rd, 2011

RECONNECTING AMERICA

EXECUTIVE SUMMARY

This report documents real estate development patterns along three recently constructed light rail transit lines in the United States. This topic is important for local planning practitioners, transit agencies, community members and other stakeholders in their efforts to plan for new transit investments and foster transit-oriented development (TOD). Setting realistic expectations about the scale, timing and location of private investment along new transit lines is especially critical where new development is expected to help pay for needed transit improvements, neighborhood amenities, or other community benefits.

The three transit lines examined in this report are the Hiawatha Line in the Minneapolis-St. Paul region, the Southeast Corridor in the Denver region, and the Blue Line in the Charlotte region. The report examines residential and commercial development that occurred within a half-mile of stations along the three lines. Development is evaluated in the context of land use and demographic characteristics of the station areas along the lines at the beginning of the period studied. In particular, the analysis considers development patterns with regard to:

  • Proximity to downtowns and other major employment centers;
  • The location and extent of vacant or “underutilized” property that might offer opportunities for development or redevelopment;
  • Block patterns that influence “walkability”;
  • Transit connectivity; and
  • Household incomes.

The research is also based on interviews with local planning and transit practitioners and developers about the nature of development activity along each line, and the roles of the public and private sectors in stimulating development. While the analysis considers quantitative information, most of the findings are qualitative in nature. The report considers the relationship between certain land use characteristics and development activity, but the relationships discussed are not meant to imply causality.

Figure 1-1: New Development along the Three New Transit Lines*

Download full report (PDF): Rails to Real Estate

About Reconnecting America
www.reconnectingamerica.org
“Reconnecting America is a national non-profit organization that is working to integrate transportation systems and the communities they serve, with the goal of generating lasting public and private returns, improving economic and environmental efficiency, and giving consumers more housing and mobility choices.”

Tags: , , , , , , , , , , , , , ,

Comments are closed.

Follow InfraUSA on Twitter Facebook YouTube Flickr

CATEGORIES


Show us your infra! Show us your infra!

Video, stills and tales. Share images of the Infra in your community that demands attention. Post your ideas about national Infra issues. Go ahead. Show Us Your Infra!  Upload and instantly share your message.

Polls Polls

Is the administration moving fast enough on Infra issues? Are Americans prepared to pay more taxes for repairs? Should job creation be the guiding determination? Vote now!

Views

What do the experts think? This is where the nation's public policy organizations, trade associations and think tanks weigh in with analysis on Infra issues. Tell them what you think.  Ask questions.  Share a different view.

Blog

The Infra Blog offers cutting edge perspective on a broad spectrum of Infra topics. Frequent updates and provocative posts highlight hot button topics -- essential ingredients of a national Infra dialogue.


Dear Friends,

 

It is encouraging to finally see clear signs of federal action to support a comprehensive US infrastructure investment plan.

 

Now more than ever, our advocacy is needed to keep stakeholders informed and connected, and to hold politicians to their promises to finally fix our nation’s ailing infrastructure.

 

We have already engaged nearly 280,000 users, and hoping to add many more as interest continues to grow.

 

We require your support in order to rise to this occasion, to make the most of this opportunity. Please consider making a tax-deductible donation to InfrastructureUSA.org.

 

Steve Anderson

Managing Director

 

SteveAnderson@InfrastructureUSA.org

917-940-7125

InfrastructureUSA: Citizen Dialogue About Civil Infrastructure