2016 - ride METRO · Source: CoStar Realty Information Inc.; Houston Commercial Real Estate Commgate; CDS Market Research, 2015 The area around the station serves as a community-level

M a y

2016

greenlinet 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

03

/ Introduction

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

/ Coffee Plant / Second Ward

/ Cesar Chavez / 67th Street

/ How Can We Work Together? Public Realm Improvements

0406

1418

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

/ Lockwood / Eastwood10 / Next Steps and

Partnerships19

05

Altic / Howard Hughes

Magnolia Park Transit Center

Lockwood / Eastwood

Coffee Plant / Second Ward

Cesar Chavez / 67th Street

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 East End Corridor (Green 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

06

Source: American Community Survey Census Data 2012

HOUSEHOLD INCOME 2013 ESTIMATE

22 %

24%

HoustonMSA

39%

23%

12%

26 %

HALFmile radius

$24,000 - 49,999

< $24,000

> $100,000

$50,000 - 99,999

30 % 2

4%

CO

FFE

E P

LAN

T /

SEC

ON

D W

AR

D

New townhome buyers are younger with fewer children and higher disposable incomes

TOWNHOME BUYERS

+27% 2000-2018

MEDIUM-TERM SCENARIO

07

Townhome s deve loped within the half mile radius of the station are selling in the range of $260,000 to $360,000

Lockwood / Eastwood




To DowntownCoffee Plant / Second Ward

$128$226,000

TOWNHOME SALES WITHIN HALF-MILE OF STATION

Median Price/SFMedian Sales PriceLocation

South of tracks (EaDo)

North of tracks (Second Ward)

$153$247,000

Sour

ce: H

oust

on M

ultip

le L

istin

g Se

rvic

e; C

DS M

arke

t Res

earc

h, 2

014Spillover demand

from EaDo is spurring residential development near the station

09

CO

FFE

E P

LAN

T /

SEC

ON

D W

AR

D

08

LONG-TERM SCENARIO

Lockwood / Eastwood





59%Owner Occupied

Sour

ce: H

arris

Cou

nty

Appr

aisa

l Dis

tric

t, 20

14

“Pioneering” residents a r e r e m o d e l i n g o ld houses, particularly in the Eastwood subdivision


LOC

KW

OO

D /

EA

STW

OO

D

1110

For the next three years service retail growth will continue at two to three new storefronts per year.

12

2010 2015 2020 2025

19,739

7,752

10,580

20,163

8,420

10,932

20,641

9,168

11,580

20,986

9,985

11,797

LONG TERM PROJECTIONS

Housing Units

Population

Employment

Source: CDS Market Research, 2014

LONG-TERM SCENARIO

LOC

KW

OO

D /

EA

STW

OO

D

As households change with greater income in three to five years and beyond, retail and services will begin to change to support the changing needs of the community

13

Lockwood / Eastwood





20 11 718 10 5 5 5 4

EXISTING BUSINESS INVENTORYdiscount

The figures above represent the inventory of the existing businesses and shopping centers within a half mile of the station grouped into major categories (restaurants, financial, auto repair, convenience stores, salons, grocery stores, bus companies, health related, and clothing shops).

Source: CoStar Realty Information Inc.; Houston Commercial Real Estate Commgate; CDS Market Research, 2015

The area around the station serves as a community-level retail activity center with a large retail space inventory

OVER 1 MILLION SF OF RETAIL SPACE MOSTLY CONCENTRATED WITHIN A HALF MILE OF THE STATION

14


CE

SA

R C

HA

VE

Z /

67T

H S

TR

EET

15

RETAIL MARKET OVERVIEW FOR THE COMPETITIVE MARKET AREA

Industrial 5-Yr Avg

Office5-Yr Avg

Retail5-Yr Avg

$3.48 4.8% 16,200 10.7% 21,200 14

$10.48

7.9% 80,80012.1%

109,200

16

$13.00 16.8% 356,800 22.0% 889,400 27

Rent/SF AvailableSF

VacancySF

VacancyRate

Monthson Market

Availability Rate

Source: CoStar Realty Information Inc.; CDS Market Research, 2014

An estimated 1,021 additional rental units will be needed in the Competitive Market Area by 2020 to meet the current population growth trend

17

LONG-TERM SCENARIO

CE

SA

R C

HA

VE

Z /

67T

H S

TR

EET

16

1. Add painted bike lanes around the Coffee Plant Station.

2. Bike lanes should be extended from Sampson and York Streets to connect with the Columbia Tap Trail via McKinney Street and the Harrisburg Sunset Rails to Trails multi-use path via Commerce Street.

3. Add signed bike lanes along Hagerman Street to connect with Harrisburg Hike and Bike Trail.

1. Extend Capitol Street across Lockwood Drive to meet Felix Street to help provide street frontage and improved access.

2. Adjust signal timing at the intersection of Lockwood Drive and Harrisburg Boulevard to reduce extensive waiting time for pedestrians.

3. Enclosed drainage should be provided along neighborhood streets to the north of the Cesar Chavez/67th Street station to improve walkability.

1. Large parcels along Harrisburg may be available for station parking in the short term.

2. All station areas and the cross streets should be a high priority for lighting.

3. The use of a parking benefit district could be piloted in station areas to manage parking demand while generating a resume for bike and pedestrian amenities.

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

4. 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.

“Team with METRO on Pilot Program to increase density along Harrisburg Light Rail”

— ULI Houston | Technical Assistance Panel, Nov. 9-10, 2015.

PEDESTRIAN AND BIKE ACCESS ROADWAYS AND SIGNALSPARKING AND OTHER AMENITIES

191818Source: www.byrnemetals.com , 2015

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Documents

2016 - ride METRO · Source: CoStar Realty Information Inc.; Houston Commercial Real Estate Commgate; CDS Market Research, 2015 The area around the station serves as a community-level