Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1...

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metro.net Metro’s Joint Development Program encourages comprehensive planning and development around station sites and along transit corridors. These e=orts reduce auto use and increase transit ridership by directly linking Metro’s transportation network with retail, commercial and housing opportunities, while enhancing the overall land use and economic development goals for the surrounding community. Metro’s joint development program also provides additional return on the public’s investment in the transit system. The program’s development projects provide Metro with revenue and sales proceeds based on the fair market value of Metro’s property. These amounts, in turn, are reinvested in eligible transportation projects throughout Los Angeles County. In many cases, the developments also include new and upgraded transit facilities that further benefit Metro and its patrons. In all, Metro’s Joint Development Program benefits all of Los Angeles County by e=ectively reducing congestion and promoting “smart growth,” while providing a more enjoyable experience for Metro patrons. Joint Development Program

Transcript of Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1...

Page 1: Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1 Westlake/MacArthur Park (Phase B) 2 North Hollywood 3 Universal City 4 Vermont/Santa Monica 5 Mariachi

metro.net

Metro’s Joint Development Program encourages comprehensive planning and development around station sites and along transit corridors.

These e=orts reduce auto use and increase transit ridership by directly linking Metro’s transportation network with retail, commercial and housing opportunities, while enhancing the overall land use and economic development goals for the surrounding community.

Metro’s joint development program also provides additional return on the public’s investment in the transit system. The program’s development projects provide Metro with revenue and sales proceeds based on the fair market value of Metro’s property. These amounts, in turn, are reinvested in eligible transportation projects throughout Los Angeles County. In many cases, the developments also include new and upgraded transit facilities that further benefit Metro and its patrons.

In all, Metro’s Joint Development Program benefits all of Los Angeles County by e=ectively reducing congestion and promoting “smart growth,” while providing a more enjoyable experience for Metro patrons.

Joint Development Program

Under Consideration

1 West Hollywood (Division 7) 2 Vermont/Sunset3�Vermont/Beverly4�Wilshire/Shatto (Bus Layover)5�1st/Alameda6�Chatsworth Metrolink7�Florence8�Arteisa Station9�Artesia Transit Center0�Aviation/LAX!�Sierra Madre Villa (Phase II)@�Canoga Park/Ride#�Balboa Park/Ride $�Sepulveda Park/Ride % Van Nuys�

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Page 2: Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1 Westlake/MacArthur Park (Phase B) 2 North Hollywood 3 Universal City 4 Vermont/Santa Monica 5 Mariachi

Wilshire/Vermont

Del Mar

Metro Joint Development Program

lineMetro Gold Line

site3.56 acres on two separate parcels

development> 347 apartments/21 a=ordable> 11,000 square feet of

ground ?oor retail> A public plaza and paseos

directly connecting the Gold Line station to the development, bus service and the surrounding community

> Refurbished historic train depot used as a restaurant

> 600 transit parking spaces

completed2007

lineMetro Red & Purple Lines

Apartmentssite3.24 acres

development> 449 apartments/

90 a=ordable> 36,000 square feet of

ground ?oor retail> Improved public plazas

directly connecting a new subway portal to the development, bus service and the surrounding community

> 11-bay bus layover facility on adjacent 1.02-acre parcel

completed 2007

Schoolsite2.5 acres

development

> 800-student LAUSD middle school

completed 2008

completed

completed

Page 3: Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1 Westlake/MacArthur Park (Phase B) 2 North Hollywood 3 Universal City 4 Vermont/Santa Monica 5 Mariachi

Mariachi Plaza/1st & Boyle (Southwestern Corner)

Hollywood/Vine

lineMetro Gold Line (Eastside Extension)

Mariachi Plazasite3.5 acres on multiple parcels

anticipateddevelopment> +125,000 square feet of

retail/community space> +35,000 square feet of

medical offi ce space > Direct connection to

Mariachi Plaza and subway portal

1st & Boyle (Southwest Corner)site1.5 acres

anticipateddevelopment> 100 affordable apartments> 6,000 square feet of retail > Across the street from

Mariachi Plaza and subway portal

lineMetro Red Line

Apartmentssite2.35 acres

development> 375 apartments/

78 affordable> 28,000 square feet of

ground fl oor retail> New bus layover facility

Hotel & Condossite2.30 acres

development

> 300-room W Hotel> 143 W Condominiums> 30,000 square feet of

ground fl oor retail > Improved public plaza

and second subway elevator> New subway portal canopy,

bus layover facility and bike room

completed 2009

innegotiations

completed

Page 4: Joint Development Programreconnectingamerica.org/.../jointdevprojectfactsheet.pdf1 Westlake/MacArthur Park (Phase B) 2 North Hollywood 3 Universal City 4 Vermont/Santa Monica 5 Mariachi

Joint Developments - Completed

Metro Rail/Metro Liner and Stations

Metro Rail under construction

Joint Developments - In Negotiations

Joint Developments - Under Consideration

Joint Developments - Under Construction

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Metro Joint Development Program

Under Construction

1 Westlake/MacArthur Park Phase A

In Negotiations

1 Westlake/MacArthur Park (Phase B)2 North Hollywood3 Universal City4 Vermont/Santa Monica5 Mariachi Plaza5 1st/Boyle (Southwest Corner)6 1st/Soto7 1st/Lorena8 Chavez/Fickett8 Chavez/Soto9 Temple/Beaudry0 One Santa Fe! Taylor Yard@ El Monte # Balboa/Victory (West Property)$ 103rd St/Kenneth Hahn% Pico/Sepulveda^ Washington/National

Completed

1 Hollywood/Highland2 Hollywood/Vine Apts2 Hollywood/Vine Hotel & Condos3 Hollywood/Western4 Wilshire/Vermont Apts4 Wilshire/Vermont School5 Wilshire/Western6 Grand Central Market7 Union Station (Metro HQ)8 Willow9 Fillmore0 Del Mar! Sierra Madre Villa (Phase I)

Under Consideration

1 West Hollywood (Division 7) 2 Vermont/Sunset3�Vermont/Beverly4�Wilshire/Shatto (Bus Layover)5�1st/Alameda6�Chatsworth Metrolink7�Florence8�Arteisa Station9�Artesia Transit Center0�Aviation/LAX!�Sierra Madre Villa (Phase II)@�Canoga Park/Ride#�Balboa Park/Ride $�Sepulveda Park/Ride % Van Nuys�

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