A Second Look at the Van Dorn Metro Area

transcript

Van Dorn Metro Area ReinventedEisenhower Partnership Annual Meeting 2015

November 19, 2015

Overview

Introduction

Eisenhower West Vision

Van Dorn Station Area

Joint Development Process

Moving forward

HR&A Advisors, Inc.

Introduction

HR&A Advisors, Inc.

HR&A is a real estate and economic development consultingfirm working at the intersection of the public and privatesector. Our work transforms communities and revitalizesurban environments in the United States and abroad.

HR&A Advisors, Inc.

Primary Practice Areas

HR&A Advisors, Inc. Firm Overview | 5

Economic Development

Real Estate Advisory

Program Design and Implementation

Our Services

Open Space Strategies

Waterfront Planning & Development

Market & Financial Feasibility Analysis

Public Private Partnerships & Development

Brownfields Redevelopment

Economic and Fiscal Impact

Transportation & TOD Development

Downtown Revitalization

Strategic Planning for Resiliency

Sustainable Neighborhood Plans

Retail Attraction Strategies

Energy Efficiency

HR&A Advisors, Inc.

CityCenter DCWashington, DC (2001-2003)

HR&A Advisors, Inc.

Capitol Riverfront District PlanningWashington, DC (2007)

HR&A Advisors, Inc.

Eisenhower West Small Area PlanAlexandria, VA (2015)

HR&A Advisors, Inc.

Eisenhower West – Vision and Goals

The goals for Eisenhower West focus on creating, over time, a vibrant, sustainable, connected, transit-oriented community that contributes to the City’s economic development goals while

providing opportunities for living, working, learning and recreating.

HR&A Advisors, Inc.

Eisenhower West – Small Area Plan Key Elements

• Establish a new grid of streets

• Connections for pedestrians, bikes and cars

• Urban pedestrian-oriented environment adjacent to Metro

• Flexibility in redevelopment of station area parcels

• North-south multimodal bridge from South Pickett Street to Metro

• Production, Wholesale, and Repair (PWR) uses; maker and flex space

• New opportunities for business and employment

HR&A Advisors, Inc.

Eisenhower West – Small Area Plan Key Elements

• Provides a mix of uses –office/institutional, retail, residential, PWR

• Concentrates height and density at Metro

• Height transitions adjacent to existing communities

• Co-location of civic and municipal uses with affordable housing

• Creates an open space network

• Nodes of mixed-use activity

• Six distinct neighborhoods within the plan area

• New development aligned with public infrastructure improvements.HR&A Advisors, Inc.

Eisenhower West – Small Area Plan Overview

HR&A Advisors, Inc.

Eisenhower West – Small Area Plan Vision

HR&A Advisors, Inc.

Eisenhower West – Existing Conditions

HR&A Advisors, Inc.

Reinventing the Van Dorn Station Area

Van Dorn Station Area – Existing Conditions

Van Dorn Station Area – WMATA Facilities

• 46 short-term metered spaces

• 361 daily spaces

• 6 bus bays for Metrobus, Dash, and Fairfax Connector (no shuttles)

• 2nd busiest in private shuttle activity (41 shuttles/hour at peak periods)

• Shuttle use to increase 63% by 2040

• Weekday Ridership: ~3,200

Van Dorn Station Area – Planning Vision

Van Dorn Station Area – Constraints, Challenges, and Opportunities

Transit Facilities and Transit Access

• Alleviating station area congestion

• Enhancing station access by all modes – pedestrian, bicycle, bus, and autos

• Addressing gaps and deficiencies in pedestrian/bicycle network

Constraining Infrastructure

• Waste to energy plant

• Rail corridors

• Capital Beltway

• South Van Dorn Street

• Eisenhower Avenue

Van Dorn Station Area – Constraints, Challenges, and Opportunities

Market Constraints

• Significant development momentum elsewhere in Alexandria and Northern Virginia (Waterfront, Potomac Yard, Hoffman Town Center, Tysons, R-B Corridor, Pentagon City, Mosaic/Merrifield)

Opportunities

• Metrorail adjacency, Beltway access/visibility

• Residential market still strong (for now)

• Existing conditions could create unique placemaking

• WMATA property could be used as catalyst (if transit access constraints can be solved)

Development of the WMATA-owned Property

Joint Development Program Overview

Metro defines joint development as. . .

“… a creative program through which property interests owned and/or controlled by WMATA are

marketed to office, retail / commercial, recreational / entertainment and residential developers with the

objective of developing transit-oriented development projects.”

Joint Development Program Objectives

Integrate WMATA's transit facilities

Reduce automobile dependency

Increase pedestrian/bicycle originated transit trips

Foster safe station areas

Enhance surrounding area connections to transit stations

Provide mixed-use development including housing and the opportunity to obtain goods and services near transit stations

Offer active public spaces

Promote and enhance ridership

Generate long-term revenues for WMATA

Encourage revitalization and sound growth in the communities that WMATA serves

Local Jurisdiction

Planning Vision

Transit and Station Access Requirements

Development Feasibility Analysis

Coordinated Station Area

DEVELOPMENT IMPLEMENTATION

FUNDING FOR:

Replacement / Expansion Parking

Station Access and Capacity Enhancements

Other Capital and Operating Requirements

Public Sector Tools and Funding

RFP to Developers

and Investors

Local Jurisdiction

Planning Vision

Transit and Station Access Requirements

Development Feasibility Analysis

Coordinated Station Area

DEVELOPMENT IMPLEMENTATION

FUNDING FOR:

Replacement / Expansion Parking

Station Access and Capacity Enhancements

Other Capital and Operating Requirements

Public Sector Tools and Funding

RFP to Developers

and Investors

From Vision to Implementation

From Vision to Implementation – Potential Next Steps

STRATEGIES POTENTIAL ACTIVITIES

Develop an coordinated implementation plan

• Determination of potential development timing• Analysis of infrastructure requirements/phasing ($190M)• Coordination with Fairfax County (South Van Dorn

improvements, Vine Street development)

Develop an infrastructure financing plan

• Eisenhower Ave realignment• Multi-modal bridge• Parks and public space• Neighborhood ped/bike connections

Establish a sense of place • Preserve the character of Eisenhower West• Differentiate from other active development areas in

Alexandria and Northern Virginia

Establish incentives for desired development

• Financing tools (Tax abatements, TIF, PILOT)• Policy tools (Streamlined entitlement processes)

Advance a catalytic project • Development of the WMATA-owned property (advance a development feasibility analysis)

Van Dorn Metro Area ReinventedEisenhower Partnership Annual Meeting 2015

November 19, 2015