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2013 Transit-Oriented Development Status Report RTD and Fastracks Overview

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2013 Transit-Oriented Development Status Report RTD and Fastracks Overview 2013 Transit-Oriented Development Status Report RTD and FasTracks Overview RTD oversees a 47-mile rail transit system that services 46 stations on five corridors including: • The 5.3-mile Central Corridor and 1.8-mile Central Platte Valley (CPV) Spur in central Denver • The 8.7-mile Southwest Line to Englewood, Sheridan, and Littleton • The 19.2-mile Southeast Line to Lone Tree and Aurora • The 12.1-mile West Line to Lakewood and Golden The FasTracks program, approved by district voters in a 2004 ballot initiative will: • add 122 miles of rail service • 18 miles of Bus Rapid Transit (BRT) • approximately 60 new stations along six new corridors • extend three existing light rail lines image courtesy Gensler Grand Opening / image courtesy RTD Construction cranes dominated the skyline in RTD and TOD STAMPs Underway STAMPs Kicking Off 2013, as the result of an apartment boom in in 2014 the metro area. Development in 2013 centered Transit-oriented development is typically on the hub of the FasTracks program: Denver higher density and incorporates a mixture C-470/Lucent Station I-25/Broadway Station Area Master Plan Area Master Plan Union Station which is scheduled to open in of different uses that generate transit rider- spring 2014. Significant development has also ship. Multiple TODs contribute to creating 104th Ave. Station TOD Fitzsimons Parkway occurred around other existing and future transit-oriented communities where people Master Planning Study Station Area Master Plan stations as construction of FasTracks corridors can live, work, reduce transportation costs, continues at a rapid pace. and improve overall health through increased 88th Avenue Station Civic Center Station muli-modal activity. RTD plays a proactive role Area Master Plan Transit District Master Plan 2013 marked a productive year for FasTracks. in facilitating transit-supportive development The W Line was the first line to open in April, around transit station and strives to realize Littleton Mineral Light successfully shuttling passengers between the following goals: Rail Station Area Study Denver Union Station and the Jefferson County • Promote multi-sector, cross-jurisdictional Government Center. RTD also entered into partnerships 2013 was an active year for the RTD TOD Pilot a contract with Regional Rail Partners to Program. RTD along with D4 Urban have contin- construct the North Metro Rail Line to 124th • Encourage sustainable development that supports the transit system ued working on the the development partnership Avenue Station in Thornton by 2018. at Alameda Station, which will break ground in • Ensure a hierarchy of multi-modal access The US 36 Bus Rapid Transit (BRT) line will 2014 and ultimately provide 275 residential units launch in 2016 with a dedicated lane for • Protect and enhance RTD’s transit assets and updated transit amenities. Also in 2013, buses, new park-n-ride facilities, and stations. RTD, the City of Arvada, and the Arvada Urban RTD achieves these goals by developing transit The East Line, Gold Line, and Northwest Renewal Authority chose Trammell Crow to de- stations that are accessible to multi-modal com- Commuter Rail Line to Westminster are on velop a nine acre site adjacent to the future Olde muters; establishing partnerships with public or schedule to open in 2016. The I-225 Light Rail Town Arvada Station along the Gold Line. This private sector developers, and by supporting Line connecting the East Line to the Southeast partnership is now working to design a park- local jurisdictions in developing TOD station Line through Aurora will also open in 2016. ing garage that will address commuter parking, area plans. RTD’s TOD group conducts research Construction of revitalized Denver Union business parking, and allow for more developable to support transit-oriented development, shares Station, the nexus of the entire transit system, space to be dedicated to TOD. Groundbreaking information with both the public and private is wrapping up for a May 2014 opening. on the parking structure is also expected in 2014. sector, and provides planning assistance in order to help local jurisdictions connect transit ser- Depot Square at Boulder Transit Village broke vice to economic and community development. ground in August of 2013. The Boulder Transit Village development is above an underground Currently RTD is working with local jurisdic- RTD bus facility that anchors one end of the tions on both planning and development proj- US 36 BRT line. This project will rehabilitate ects. The following table highlights the Station the historic Boulder Train Depot and create a Area Master Plans scheduled and underway. mixed-use development that includes a hotel and 71 permanently affordable apartment units. Summary of TOD Related Activity The regional investment in transit has encouraged multiple other TOD projects within the metro area. A summary of TOD activity by corridor is laid out in the following tables. Details regarding specific projects are outlined in the corridor summaries throughout this report. Summary of Completed or Under Construction Projects by Type on All Corridors: Corridor Residential Hotel Retail Office Government Cultural Medical Education (Dwelling Units) (# of Rooms) (square feet) (square feet) (square feet) (square feet) (square feet) (square feet) Central 12,712 5,089 1,023,458 3,539,933 1,986,850 107,000 55,000 641,000 East 205 516 45,000 20,000 216,322 - - - Gold 1,018 - 296,274 55,372 - - - - I-225 2,080 153 66,793 227,000 - - 5,644,000 1,379,606 NorthMetro 312 - - - - - - - Southeast 6,795 471 676,569 2,378,551 - - 315,000 - Southwest 1,052 - 678,385 50,000 100,000 40,000 175,000 50,000 US36 2,720 559 2,333,520 275,209 - 17,373 19,900 - West 278 - 425,186 280,000 - - 900,000 - Total 27,172 6,788 5,545,185 6,826,065 2,303,172 164,373 7,108,900 2,070,606 2013 Completed or Under Construction Corridor Residential Hotel Retail Office Government Cultural Medical Education (Dwelling Units) (# of Rooms) (square feet) (square feet) (square feet) (square feet) (square feet) (square feet) Central/CPV 3782 812 143,075 660,000 0 4,000 55,000 271,000 East 205 516 26,000 0 0 0 0 0 Gold 498 0 0 0 0 0 0 0 I-225 0 0 0 0 0 0 1,834,000 0 NorthMetro 36 0 0 0 0 0 0 0 Southeast 1803 0 75,000 467,000 0 0 275,000 0 Southwest 258 0 7,100 0 0 0 175,000 0 US36 888 297 8,112 0 0 0 0 0 West 176 0 0 0 0 0 0 0 Totals 7,614 1,625 259,287 1,127,000 0 4,000 2,339,000 271,000 Proposed Projects by Type as of 2013 Corridor Residential Hotel Retail Office Government Cultural Medical Education (Dwelling Units) (# of Rooms) (square feet) (square feet) (square feet) (square feet) (square feet) (square feet) Central/CPV 759 808 17,000 790,000 - - - - East 100 - - - - - - - Gold 1,347 - 258,800 - - - - - I-225 100 363 250,580 81,627 - - 3,440,000 - Southeast 60 - 32,000 1,182,000 - - - - Southwest 1,025 - - - - - - - US36 2,085 805 772,963 553,000 60,000 - - - West 680 - 26,000 - - - - - Totals 6,156 1,976 1,357,343 2,606,627 60,000 - 3,440,000 - Total Residential Units Completed and Projected Total Residential Units Completed and Projected 6,000 5,062 5,000 4,705 4,000 Total Office Development: Completed and Projected 3,260 2,928 1,600,0003,000 2,163 1,336,000 Total Units Total 1,400,000 2,017 Total Units 2,000 1,229,400 1,367 1,270,627 1,238 1,362 1,200,000 1,137,007 965 910 1,055 1,143 763 1,000,0001,000 465 243 144 39 118 748,000 800,0000 483,500 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 600,000 449,149 499,509 500,000 400,000 Year Completed285,000Year Completed Projected 307,000 Projected Total Square Footage 200,000 137,000 0 0 0 40,000 4,500 0 0 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Completed Projected Total Retail Development: Completed and Projected Total Retail Development: Completed and Projected 2,000,000 1,854,644 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 670,000 541,709 628,429 600,000 350,000 447,470 342,455 387,500 329,604 106,212 Total Square Footage 400,000 280,000 98,300 157,293 72,028 Total Square Footage Total 200,000 29,700 0 16,000 10,200 41,450 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YearYear Completed Completed Projected Projected Total Office Development: Completed and Projected Total Office Development: Completed and Projected 1,600,000 1,336,000 1,400,000 1,229,400 1,270,627 1,200,000 1,137,007 1,000,000 748,000 800,000 483,500 600,000 449,149 499,509 500,000 400,000 285,000 307,000 Total Square Footage 137,000 Total Square Footage Total 200,000 0 0 0 40,000 4,500 0 0 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YearYear Completed Completed Projected Projected Total Retail Development: Completed and Projected 2,000,000 1,854,644 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 670,000 541,709 628,429 600,000 350,000 447,470 342,455 387,500 329,604 106,212 Total Square Footage 400,000 280,000 98,300 157,293 72,028 200,000 29,700 0 16,000 10,200 41,450 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Completed Projected Total Office Development: Completed and Projected The Denver Union Station neighborhood will be a world class transit-oriented community at the heart of Downtown Denver.
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