Embed Size (px)
Citation preview
1
Crenshaw/LAX Transit Corridor Joint Development Networking Event
Tuesday, June 28, 2016
Building Partnerships
2
Agenda
1. Metro Joint Development Program Overview
2. Metro/County Opportunity Sites
3. Economic and Community Development Department, City of Inglewood
3
What is Joint Development?
Metro real estate development program
Collaboration with qualified developers to build developments on Metro-owned properties
Promotes Transit Oriented Communities (TOC) – a comprehensive approach to creating compact, transit-oriented, walkable and bikeable places in a community context rather than focusing on a single development parcel
4
Joint Development Goals
Support community’s vision for station area.
Ensure high quality architecture and urban design.
Encourage housing for diverse income levels.
Increase transit ridership and improve patron experience.
Generate revenue to reinvest in the transit system.
5
Metro Joint Development Process
Development Guidelines
Developer Solicitation/Selection
Project Refinement, Contract Negotiation
Permitting and Construction
6
Overview and Background
• June 2015 – Crenshaw/LAX Joint Development Strategic Plan released per Board Directive
• Joint Development opportunities
identified at Expo/Crenshaw and Fairview Heights Stations
• October 2015 – Metro/County executed MOU to cooperate on Joint Development of County-owned sites
7
Joint Development Opportunity Site
Expo / Crenshaw
Owner: Los Angeles County Site: 1.66 acres Use: County Probation Department
8
Joint Development Opportunity Site
Owner: Metro Site: 1.77 acresUse: Construction Staging
(current), 110 Space Metro Park & Ride (planned)
Expo / Crenshaw
9
Expo/Crenshaw Station Development Vision
• Create a culturally distinct gateway destination and pedestrian-scaled community with high quality retail and range of housing types/affordability
• Opportunity to foster job growth with attractive office or incubator space
• Build upon City’s Amended Crenshaw Corridor Specific Plan (draft) and Crenshaw Corridor Streetscape Plan (draft)
10
Joint Development Opportunity Site
Los Angeles County 1.44 acres County Department of Public Social Services
Fairview Heights
11
Fairview Heights Station Development Vision
• Provide high quality mixed-use residential and neighborhood-serving retail that serves a range of incomes
• Enhance pedestrian connectivity to surrounding community amenities and utilize local architectural style to reflect context and scale
• Connect to the existing arts-oriented community and promote the well-being and needs of the youth population
12
Metro Joint Development – Next Steps
Development Guidelines/RFPs
Developer Solicitation/Selection
Project Refinement, Contract Negotiation
Permitting and Construction
Spring/Summer 2016
Early 2017
2017 thru 2018
2018 thru 2019
13
City of Inglewood
Christopher E. Jackson, Sr. Senior Community and Economic Development Department Manager
14
Stay in Touch
Nick Saponara Director, Joint Development 213.922.4313 [email protected] Sign up for updates: metro.net/projects/jd-crenshawlax/
