Transit Oriented Development Institute
Washington, DC

We are proud to announce the first national Transit Oriented Development and Urban Real Estate Conference being held this October in Washington DC, in the very center of one of the fastest growing TODs - NoMa!

This major conference is the first in a series of events to be convened by the newly launched Transit Oriented Development Institute, a project of the US High Speed Rail Association.


This timely event brings together leading developers, cutting edge designers, planners, elected officials, building users, and investors to network and share the excitement and best practices of Transit Oriented Development.

Transit Oriented Development is the exciting fast growing trend in creating vibrant, livable, sustainable communities. Also known as TOD, it's the creation of compact, walkable, mixed-use communities centered around high quality train systems. Transit oriented development is regional planning, city revitalization, suburban renewal, and walkable neighborhoods combined.

TOD is rapidly sweeping the nation with the creation of exciting people places in city after city. The public has embraced the concept across the nation as the most desirable places to live, work, and play. Real estate developers have quickly followed to meet the high demand for quality urban places served by rail systems

Come to Washington DC to learn more and network with the leaders.
Get involved in the hot real estate and community development trend sweeping the nation. Register today and be part of the excitement!  More info
 Transit Oriented Development Conference
Transit Oriented Development Conference

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Transit Oriented Development Conference
Transit Oriented Development Scores Big
Metro: Land Development = Big Ridership Increases

Metro has described a model it created to measure the effect of land use on future ridership, determining 84,000 additional daily trips will be produced by the more than 100 million square feet of development either under construction now or planned for completion by 2020 within a half-mile of its rail stations.

The list of real estate projects is being compiled for Metro's planning office by the consulting firm Jones Lang LaSalle. The shift toward transit-oriented development (dense, mixed-use real estate built in close proximity to transit stations) is being driven by several factors, according to Metro planners, including the influx of urban dwellers who do not own cars and the desires of large employers, like Marriott, seeking to relocate near rail transit.

TOD creates huge new ridership levels

One nationally regarded real estate expert says this trend definitely will increase demand on Metro's already strained rail capacity. "It's crucial to understand that with our economy, that with any economy for the 6,000 years we've been building cities, transportation drives development. It is the most important infrastructure category.  

 

Today the number one transportation category, particularly in metro Washington, is rail transit," said Chris Leinberger, a metropolitan land use specialist at The George Washington University and president of LOCUS, a research group affiliated with the D.C.-based advocacy organization Smart Growth America.

 

"That 100 million square feet is not net growth. It is not just dealing with increased population and jobs we expect; it is also replacing obsolete office space. About 40 percent of our office space is approaching obsolescence because they are business parks," Leinberger said.

 

Recent research indicates reasonable walking distance in the real estate market is a half-mile, Leinberger said. This development could quadruple the amount of land affected by a rail station.

 

"Within that half-mile we need rail stations to be high-density, mixed use. Outside that half-mile, it goes back to single-family homes."

Rosslyn-Ballston Corridor

Washington DC is home to the most extensive and best transit oriented development in the nation, and has millions of square feet under construction throughout the district.  More | Story  

Transit Oriented Development

The Transit Oriented Development Institute is a national planning initiative to promote and accelerate the roll-out of walkable, mixed-use communities around rail stations. Working to increase the supply of new TODs and rail systems, the TOD Institute brings together business and political leaders with experts to advance knowlege sharing and project dealmaking.

 

The Transit Oriented Development Institute is a project of the US High Speed Rail Association, America's leading advocate for the development of a 21st century, national rail system. The Transit Oriented Development Institute promotes increased TOD as well as high quality design standards that deliver the best results to the users, the community, the developers, and the rail systems.  

 

The Transit Oriented Development Institute is run by a team of experts and leaders in rail, urban design, and real estate development.

  

In This Issue
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WMATA Seeking Developers
This week, WMATA (DC's metro rail operator)
released an RFP for a six-acre parcel right outside the College Park Metro station, a great opportunity for any developer.

WMATA director of real estate Stan Wall estimates that the parcel could be developed for 500 to 600 units, an office or hotel with ground-floor retail.

Where currently sits a surface parking lot and bus loop, the six acres has the potential to completely transform the area. "I think it's our new frontier," says College Park director of planning and economic development Terry Schum.

PG County's David Hillman of Southern Management, who started his company there 15 years ago, has turned into one of the largest market rate apartment developers in the state. He believes College Park is where Silver Spring was 10 years ago.

"It's an exciting time to be a developer in that area."

For more info about the RFP, contact WMATA.

More  |  TOD Conference 
TOD & HSR
Transit oriented development (TOD) is the exciting fast growing trend in creating vibrant, compact, livable, walkable communities centered around high quality train systems.

TODs can be stand-alone communities, or a series of towns strung along a rail line like pearls on a string. TODs are the integration of community design with rail system planning.

High speed rail is the backbone of a rail-based transportation system. When combined with regional rail, light rail, metro systems, streetcars and trams, a complete and integrated rail network is achieved enabling easy, fast mobility throughout the system.

Coordinating and encouraging compact, mixed-use development around the rail stations completes the system by enabling people to live, work, and play along the system without the need for a car.

Together, these save time, money, energy, and lives - while offering an easier,
healthier, low-stress lifestyle.  More