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Presentation from Partners in Innovation Policy Forum in Denver, CO on September 27, 2010.
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Development Patterns along New Transit Lines
Nadine FogartyPartners in Innovation National SymposiumSeptember 27, 2010
Forthcoming Research
Rails to Real Estate: Development Patterns along Three New Transit Lines
Hiawatha Line, Minneapolis-St. Paul Region (2004)
Southeast Corridor, Denver Region (2006)
Blue Line, Charlotte Region (2007)
Next report (Title TBD): a closer look at development context along new transit lines
Implications for Opportunity Sites for Affordable and Workforce Housing
3
Competition for
opportunity sites
Implications for
land costs
Potential for
displacement of
existing residents
Considerable Amount of New Development along all Three Lines
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Minneapolis Hiawatha Line(2003 - 2009)
DenverSE Corridor
(2004 - 2009)
CharlotteBlue Line
(2005 - 2009)
Est
imat
ed S
qu
are
Fee
t o
f N
ew D
evel
op
men
t
Commercial
Residential
Development Patterns are Uneven
HIAWATHA LINE, MINNEAPOLIS-ST. PAUL REGION
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
De
ve
lop
me
nt (
in S
qu
are
Fe
et)
Residential Commercial
Hiawatha LineMinneapolis
SE CorridorDenver
Blue LineCharlotte
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000D
ev
elo
pm
en
t (i
n S
qu
are
Fe
et)
Station Area
Residential Commercial
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Develo
pm
en
t (i
n S
qu
are
Feet)
Station Area
Residential Commercial
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
Jo
bs
(20
08
)
Station Area
0
5,000
10,000
15,000
20,000
25,000
30,000
Jo
bs
(2
00
8)
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jo
bs
(20
08
)
Station Area
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Develo
pm
en
t (i
n S
qu
are
Feet)
Station Area
Residential Commercial
Most Development is In or Near Downtowns and Employment Centers
DevelopmentDevelopment EmploymentEmployment
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
De
ve
lop
me
nt (
in S
qu
are
Fe
et)
Residential Commercial
Hiawatha LineMinneapolis
SE CorridorDenver
Blue LineCharlotte
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000D
ev
elo
pm
en
t (i
n S
qu
are
Fe
et)
Station Area
Residential Commercial
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Develo
pm
en
t (i
n S
qu
are
Feet)
Station Area
Residential Commercial
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Develo
pm
en
t (i
n S
qu
are
Feet)
Station Area
Residential Commercial
No Clear Relationship between Location of New Development and Household Incomes
DevelopmentDevelopment Median HH IncomeMedian HH Income
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Ho
us
eh
old
Inc
om
e (
19
99
)
Station Area
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Ho
us
eh
old
In
co
me
(1
99
9)
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Ho
us
eh
old
In
co
me
(1
99
9)
Station Area
Significant Opportunity Sites Remain
BLUE LINE, CHARLOTTE REGION SE CORRIDOR, DENVER REGION
Context Matters
Implications for Affordable & Workforce Housing Opportunity Sites
10
Important to get ahead of the market in the strongest market locations
Many locations will require supportive investments in infrastructure, “placemaking”, amenities, neighborhood services to foster TOD
Local developers/CDCs may be uniquely positioned to take advantage of opportunities in urban neighborhoods
Development Patterns along New Transit Lines
Nadine FogartyPartners in Innovation National SymposiumSeptember 27, [email protected]
