Crenshaw/LAX Transit Project Joint Development

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Community Leadership Council - Economic Development Work Group | March 3, 2016

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Agenda

1. Introductions

2. Metro Joint Development Process

3. Expo/Crenshaw Opportunity Site

4. Fairview Heights Opportunity Site

5. Discussion

6. Next Steps

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Who Are We?

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Why Are We Here?

Meeting Goals:

• Inform community of station area development opportunities on publicly-owned properties along the Crenshaw/LAX Transit Corridor

• Invite community input to shape the vision for future development

• Align development to community’s needs and aspirations

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• 8.5 mile extension, eight new stations

• New line will serve the cities of Los Angeles, Inglewood and El Segundo; and portions of unincorporated Los Angeles County

• Life-of-Project Budget: $2.06 billion; one of 12 transit projects funded by Measure R

• Project is nearing 50% completion

• Planned completion in 2019

Crenshaw/LAX Transit Project Overview

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What is Joint Development?

• Joint Development is the real estate development program through which Metro collaborates with qualified developers to build transit-oriented developments on Metro-owned properties.

• Support community’s vision for station areas while promoting

transit ridership.

• Part of Transit Oriented Communities (TOC) initiative – a comprehensive approach to creating compact, transit-oriented, walkable and bikeable places in a community context rather than focusing on a single development parcel.

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Crenshaw/LAX Joint Development Strategic Plan

• Identify potential opportunity sites

• Identify strategic public sector partnerships

• Outline a robust community engagement process

• Define a timeline for implementation

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Metro Joint Development Process

Community Input to Prepare Development Guidelines

Developer Solicitation/Selection

Project Refinement, Joint Development Agreement (JDA) and Ground Lease (GL)

Negotiations

Permitting and Construction

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Initial Workshops with Local Jurisdictions, Community Leadership Council (CLC)

Consultant Procurement; Informational Community Meetings

Initial Community Workshops, Development Guideline Preparation

Developer Solicitation and Selection

Project Refinement and Entitlements, On-going Community Engagement/Input

Permitting and Construction

Crenshaw/LAX Transit Project Planned Completion

Metro Board of Directors Approvals:

Development Guidelines for inclusion in Request for Proposals

ACTIVITY

Exclusive Negotiations Agreement (ENA) w ith Developer

2019 2020

Joint Development Agreement (JDA) and Ground Lease (GL)

2015 2016 2017 2018

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Joint Development Process To Date

We Are Here

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Joint Development Opportunity Site

Expo / Crenshaw

Owner: Los Angeles County Site: 1.66 acres Use: County Probation Department

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Joint Development Opportunity Site

Expo / Crenshaw

Owner: Metro Site: 1.77 acresUse: Construction Staging

(current), 110 Space Metro Park & Ride (planned)

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Expo/Crenshaw: Key Landmarks

District Square

West Angeles Cathedral

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Expo/Crenshaw: Area Context

Multi-family Residential

Single-family Residential

Crenshaw Corridor

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Expo/Crenshaw: Where Do We Start?

Proposed Plan text = Black & underline

Removal of Proposed Plan text = Black strikethrough & underline

4/11/13 CPC Recommendations and updates = Red & underline

2/11/16 CPC Modifications (Approved) = Blue & underline

Removal of 2004 adopted text = strikethrough CRENSHAW CORRIDOR SPECIFIC PLAN Last updated: February 26, 2016

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Crenshaw Corridor

Specific Plan

Ordinance No. 176, 230 | Effective November 14, 2004

Specific Plan Procedures | Amended pursuant to L.A.M.C. Section 11.5.7

Design Review Board Procedures | Amended pursuant to L.A.M.C. Section 16.50

Specific Plan Amendment as part of the

West Adams-Baldwin Hills-Leimert New Community Plan

Amended by Ordinance No. XXX,XXX | Effective Date xx

A Part of the General Plan - City of Los Angeles http://cityplanning.lacity.org (General Plan - Specific Plan)

Draft Last updated: February 26, 2016

• Crenshaw Corridor Specific Plan

• Crenshaw Boulevard Streetscape Plan

Build on Prior Area Plans:

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Expo/Crenshaw: CCSP Draft Standards

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The Crenshaw/LAX Line will provide residents with a new connection to the area’s major employment centers

Regional Connectivity

Source: Google Maps, LEHD

Downtown LA

297,000

Jobs

USC

7,000 Jobs

Santa Monica

83,000 Jobs

LAX Area

100,000 Jobs

Expo-Crenshaw Station Area

Fairview Heights Station Area

Half-Mile Station Area

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Expo/Crenshaw: Community Snapshot

Source: ESRI, LEHD

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Expo-Crenshaw Station Area

2,687

0.5 mi

Expo-Crenshaw Station Area

City of Los Angeles

Renters

Jobs per Resident

Owners

Renters

$38,725 $47,807 Median Household Income

Jobs per Resident

Median Household Income

0.30 0.44

Key Demographics (2015)

47% Owners 53%

24%

59%

17%

Age 0-19

Age 20-64

Age 65+

25%

63%

12%

Age 20-64

Age 0-19

Age 65+

38%

62% 2,148

Population (2015)

Households (2015)

7,076 Jobs (2013)

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Expo/Crenshaw: Market Opportunities

Retail

Residential

Office

• Retail revitalization is occurring within the Expo-Crenshaw primary market area, but much of the existing retail is older and sells a limited variety of goods.

• The Expo-Crenshaw primary market area is not a major employment center.

• The office market is currently challenged and has a significant amount of vacant space.

• Demand for new residential units is strong throughout Southern California and in the Station Area.

• There are near term opportunities for new rental housing and potential future opportunities for for-sale housing in the station area.

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Joint Development Opportunity Site

Fairview Heights

Los Angeles County 1.44 acres County Department of Public Social Services

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Fairview Heights: Key Landmarks

Inglewood Park Cemetery

Edward Vincent Junior Park

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Fairview Heights: Area Context

Single-family Residential

West Boulevard

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Fairview Heights: Where Do We Start?

• City of Inglewood Transit Oriented Development Plan

Build on Prior Area Plans:

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Fairview Heights: CCSP Draft Standards

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Fairview Heights: Community Snapshot

Age 65+ Age 65+

Age 0-19

Age 20-64

Age 65+

Source: ESRI, LEHD

Population (2015)

Households (2015)

3,204 10,104

Fairview Heights Station Area

Los Angeles County

30%

70%

31%

Owners

Renters

60%

9%

Jobs per Resident

Owners

Renters

26%

63%

11%

$29,487 $54,690 Median Household Income

Jobs per Resident

Median Household Income

0.11 0.42

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Fairview Heights Station Area

0.5 mi

1,153 Jobs (2013)

Key Demographics (2015)

46%

54%

Age 0-19

Age 20-64

Age 65+

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Fairview Heights: Market Opportunities

Retail

Residential

Commercial • While there is no traditional office space in the Fairview

Heights Station Area, there are some clusters of existing industrial uses.

• Demand for new residential units is strong throughout Southern California and in the Station Area.

• There are near term opportunities for new rental housing and potential future opportunities for for-sale housing in the Station Area.

• There is limited retail within close proximity to the Station.

• Much of the existing retail in the immediate area is older and sells a limited variety of goods.

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Discussion Questions

• What makes the corridor special today?

• What needs aren’t being met?

• How can future development further community aspirations and goals (uses, design, etc.)?

• Are there projects that we should look to for inspiration?

• How can implementation of the Joint Development program respond to community priorities and build faith in the process?

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Next Steps

PARTICIPATE IN THE PROCESS! • Expo/Crenshaw Station Community Workshop 1

Saturday, March 19, 2016 | 1pm – 3pm West Angeles Church – Crystal Room | 3045 Crenshaw Blvd.

• Fairview Heights Station Community Workshop 1 Saturday, April 2, 2016 | 10am – 12pm St. John Chrysostom Church | 530 E. Florence Ave.

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Stay in Touch

Nick Saponara Director, Joint Development Phone - 213.922.4313 Email - SaponaraN@metro.net

Project Website: metro.net/projects/jd-crenshawlax/