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The Forbes & Meyran Workshop! Welcome to the Forbes & Meyran Workshop! A few notes as people are logging on: • We will be using polls and discussion questions on the Engage PGH page throughout the presentation and discussion • Please open the Engage PGH page, we will put the link in the chat • You can also register for an account there to follow the project • Email Audrey at [email protected] if you are having any technical issues • If you’d like, please introduce yourself in the chat – why you’re here tonight! Please note this meeting is being recorded and will be posted on the Engage PGH project page. We will also take some screenshots throughout for documentation of our public engagement process. If you do not wish to be recorded, you may keep your video off. Oakland Plan: Forbes & Meyran 1 Workshop Workshop: Forbes & Meyran May 20, 2021 Agenda 1. Presentation with Live Polling (40 min) • Key Issues Identified in Oakland Plan Process • Development Scenarios for Forbes Ave Site: Development Feasibility and Site Considerations 2. Breakout Discussions (30 min) • Site Redevelopment • Forbes Ave Corridor 3. Report Back and Next Steps (20 min) Oakland Plan: Forbes & Meyran 3 Workshop Welcome and Overview of Oakland Plan • 10-year plan with a shared vision for Oakland's future and the projects and programs necessary to make that vision a reality. • Once adopted by the Planning Commission, the Oakland Plan will be City policy and guide public and private investments in the area. New land use regulations, transportation and infrastructure improvements, and public programs may also be recommended by the plan. • Action Teams are working on Development, Mobility, Community, and Infrastructure. Oakland Plan: Forbes & Meyran 4 Workshop Mobility Update • Aligned with other Oakland Plan topics • Led by Department of Mobility and Infrastructure/Port Authority, with additional analysis by consultant team Kittelson and Associates • Planning-level feedback on scenarios • Traffic study before any future development: site access, multimodal trips, parking, how changes street configuration would affect the larger network Oakland Plan: Forbes & Meyran 5 Workshop What is Bus Rapid Transit (BRT)? Transit signal Upgraded stations w/ Changes to Economic priority Upgraded pedestrian real-time arrival info street parking development amenities and fare payment options opportunities Specially branded (electric) buses Oakland Plan: Forbes & Meyran Dedicated travel lane Workshop 6 Other Route Changes: • P3 – shortened at outer end to Where will the BRT go? To Highland Wilkinsburg Park • 67, 69 – Use Blvd of Allies inbound through Uptown • Downtown Minor Routing Homewood Changes – discussion in 2021 East Liberty Area with bus only lanes and Shadyside • Oakland Minor Routing Changes protected bicycle facilities – discussion in 2021 (75, 81, 83 to continue to and froM South Side) Wilkinsburg Downtown Oakland Uptown Regent Square Squirrel Hill Greenfield Edgewood Bus Routes becoming BRT: P3, 61A, 61B, 61C, 71B To Braddock Local Routes Terminating in To Homestead, Oakland: 61D, 71A, 71C, 71D Oakland Plan: Forbes & Meyran Duquesne, and Workshop McKeesport 7 Station Amenities and Fares Shelter Seating Paying your Fare • Fares are paid at stations before boarding at ticket Machines or Real-Time Signs validators • Fare structure is not different than the rest of the systeM Ticket Vending & Validators • Current proposal: • Free transfers within 3 hours of first ConnectCard tap • $2.75 base fare all product types Emergency Call Buttons* Oakland Plan: Forbes & Meyran 8 Workshop Central Oakland Overview Oakland Plan: Forbes & Meyran Workshop 9 Changes In the Right of Way Two-way Changes to Dedicated Bus- Improved Pedestrian Station with Ticketing, Bike Lane street parking Only Lane Crossings Real-time Arrivals 10 Project Timeline Late 2020/ 2017 2019 2022 Early 2021 10% design Shelter design 90% design Construction meetings, locally public input meetings preferred service alternative 30% design Construction meetings, new service plan Bid and let Late 2023/Early Station location 60% design open project; begin 2024: Revenue workshops house construction Service 2018 2020 Late 2021 2023 Oakland Plan: Forbes & Meyran Workshop 11 Welcome to the Forbes & Meyran Workshop! A few notes as people are logging on: • We will be using polls and discussion questions on the Engage PGH page throughout the presentation and discussion • Please open the Engage PGH page, we will put the link in the chat • You can also register for an account there to follow the project • Email Audrey at [email protected] if you are having any technical issues Please note this meeting is being recorded and will be posted on the Engage PGH project page. We will also take some screenshots throughout for documentation of our public engagement process. If you do not wish to be recorded, you may keep your video off. Oakland Plan: Forbes & Meyran 12 Workshop What We’ve Heard Is Important During the Planning Process Thus Far: • How do we ensure that Forbes Ave is one of Pittsburgh and Oakland’s great streets? • How can we achieve planning goals for jobs, sustainability, and community benefits as part of increased density and redevelopment? Oakland Plan: Forbes & Meyran 13 Workshop 1923 Fifth Meyran Forbes Oakland Plan: Forbes & Meyran 14 Workshop 1957 Meyran Fifth Forbes Oakland Plan: Forbes & Meyran 15 Workshop Support the growth of Oakland as one of the economic engines of the City, including more jobs for Pittsburgh residents Oakland Plan: Forbes & Meyran 16 Workshop Creatively reuse historic buildings that provide architectural detail and variety throughout the corridor Oakland Plan: Forbes & Meyran 17 Workshop With BRT arriving soon, continue to invest in walking, biking, transit, and curbside management to have a transit-oriented and great street Oakland Plan: Forbes & Meyran 18 Workshop Integrate sustainability into every project –within buildings and as part of a greener corridor Oakland Plan: Forbes & Meyran 19 Workshop The future of the Forbes Ave Corridor is significant citywide. Life Sciences are Location Sensitive Variety of Jobs with Range of and Talent Driven Educational Requirements Significant investments are occurring in life As companies move from start ups to sciences at the institutions taking an already clinical applications a range of jobs are strong research enterprise and adding substantial new capabilities created requiring different levels of education Educational Levels of Posted Life Science This investment leads to a higher probability of Jobs (1) more start up companies or existing companies wanting to locate research teams in Pittsburgh • High School: 33% • Assoc Degree: 10% Biotech in particular wants to be near academic • Bachelors Degree: 34% research and patients during the development • Grad / Prof: 1% phase making Oakland a critical location Oakland Plan: Forbes & Meyran 20 Workshop (1) Life Sciences and Biotech Middle Skills Workforce in CA, Burning Glass analysis Sites studied for possible redevelopment DeSoto Oakland Fifth Pitt (Parkvale Building) Atwood Potential additional properties Sennott UPMC (parking below) Pitt (3512 5th Ave) Meyran Potential additional properties Pitt (Forbes Hall) Pittsburgh Fresco Semple Parking Authority Louisa Forbes Forbes/Semple garage Euler Approved, unbuilt 3500 Oakland Plan: Forbes & Meyran Forbes student 21 McKee Workshop residences Near-Term Improvements and Activation • Farmers market on the UPMC surface parking lot • Improvements to the service alley between the Pitt Parkvale Building and Parking Garage so it could be used for events – lighting, art • Seating and other interventions along Forbes on either side of street, such as seating, expanded bicycle parking, or others • Art or history installation in windows Oakland Plan: Forbes & Meyran 22 Workshop Poll Question #1 What type of amenity/improvement would you be most likely to use before redevelopment occurs? • Farmer’s market or community events on UPMC surface parking lot • New seating and amenities on Forbes, particularly by shuttle stops • Hosting events in the service alley within the parking garage, or garage rooftop • Art and lighting installation in the service alley within the parking garage • Other 23 Oakland Plan: Forbes & Meyran Workshop What are the Questions We’re Exploring in Possible Scenarios for Forbes and Meyran? • Feasibility of Lab/Life Sciences Redevelopment and Density to Fund Community Benefits • Desired Form of Potential Redevelopment • Vision for Public Realm and Multi-modal Network 24 Oakland Plan: Forbes & Meyran Workshop Why Redevelop? Economics: There is a higher and better economic use for the property Long Term Economic Development: Redevelopment will unlock significant additional opportunities Institutional Mission: Redevelopment serves critical mission, or supports overall institutional direction Civic or Social Motivation: Removing a negative influence or providing significant community benefit Oakland Plan: Forbes & Meyran 25 Workshop Economics 101 • Yield Metric: The Net Operating Income of the Redevelopment Project divided by the Cost of the Project Net Operating Income* satisfies a minimum Investment = Yield Threshold. Development Cost • Net Operating Income is driven by the rental rate. • Major Project Costs include: Yields Today • Building Construction Apartment Projects 5.5% - 6.5% Office/Lab Projects 7.5% - 8.5% • Parking • Land * Net operating income is project revenue less operating expenses. Oakland Plan: Forbes & Meyran 26 Workshop 4.5%
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