Multi-Housing News - November 2008 - (Page 18)

development & design On Track with TODs More municipalities are getting on board with transit-oriented developments as they expand their public transportation options 18 By Teresa O’Dea Hein, Managing Editor With gas prices topping $4 a gallon this past summer, it may come as no surprise that ridership on a number of city rail lines is up considerably this year. Likewise, interest in transit-oriented development (TOD) has been picking up speed. A commonly accepted definition of what qualifies as a TOD is a development within a 10-minute walk or a quarter of a mile of a train station or other transportation stop. Bob Koch, AIA, of Fugleberg Koch Architects, explains that housing that is a quarter of a mile from public transportation can command a premium. “Lifestyle and time concerns are two of the most important factors to consider when marketing TODs,” says Koch, whose firm organized a bus tour at Multi-Housing World, held in September in Denver, to see firsthand how the Mile-High City has embraced the concept of TOD in developments like East West Partners’ masterplanned Riverfront Park residential community near Union Station. Koch notes that apartments located one-quarter mile from a transit hub can generate rents that are 50 cents per square foot November 2008 | Multi-Housing News | Producer of Multi-Housing World

Table of Contents for the Digital Edition of Multi-Housing News - November 2008

Multi-Housing News - November 2008
Contents
From the Editor
Perspective: The Economy
Market Pulse
Special Report: People to Watch
Market Report: Southwest
Executive Roundtable: Dealing with the Crisis
Development & Design: TOD
Finance: Workforce Housing
Green Awards/Perspective
Sell Me: Renters Insurance
Products: Recycled Content
Solutions: Security
Property Showcase: Chelsea Modern

Multi-Housing News - November 2008