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The Atlanta Beltline: Creating a TOD Real Estate Market Pre-Transit

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The Atlanta Beltline: Creating a TOD Real Estate Market Pre-Transit //The Atlanta BeltLine: Creating a TOD Real Estate Market Pre-Transit NACTO 2012 Designing Cities Conference 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 1 // Context The Atlanta BeltLine connects the heart of the region and utilizes historic freight rail ROW circling the city: • Located inside the I-285 loop highway • Connects 45 neighborhoods ringing the CBD • 22% of City of Atlanta population and 19% of city land mass within ½ mile of corridor 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 2 // HistoryThe Project + Context Elements Providing the Region with Needed Connectivity •Economic Development •Transit •Brownfield cleanup •Affordable housing •Parks •Trails 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 3 //The Project Elements Transit Parks Trails Jobs & Economic 22-mile loop 1300 + new acres, 33 miles Development 40% increase 20 areas, 30k jobs 6,500 acre TAD Affordable & Existing Public Art & Environmental Workforce Communities & Streetscapes Clean-up Housing Historic 1100 + acres Preservation 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 4 // Case Study for Urban TOD Historic Fourth Ward / Poncey Highlands Redevelopment Historic Fourth Ward Park Site The old Sears Distribution Center next to the Atlanta BeltLine and lots of parking 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 5 // Historic Fourth Ward & Poncey Highlands Existing Conditions “Buttermilk Bottom” Confluence of 3 watersheds Described by The Atlanta Journal Constitution as … “A barren expanse of cracked concrete, weeds, and towering trees surviving against a background of neglect.” 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 6 // The Planning Process Led to Projects Atlanta BeltLine Master Plan Promote improved connectivity Promote denser development Promote improved livability 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 7 // The Planning Process Led to Projects Historic Fourth Ward Park Vision and Construction 1 2 3 1. Park master plan, 2. Construction, and 3. The new park with TOD 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 8 // Historic Fourth Ward Park Opening Day The new park with Sears Building in background, band playing & partners on opening day 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 9 // The Planning Process Led to Projects Corridor Vision A rendering of the Atlanta BeltLine corridor north of the old Sears building 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 10 // Eastside Corridor Trail 1 3 2 1. Existing conditions, 2. Rendering, and 3. Construction of Eastside Trail south of old Sears building 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 11 // Eastside Corridor Trail Opening Day Mayor Kasim Reed leads the opening day bike ride on the trail 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 12 //Projects led to Transit Oriented Development Adaptive Re-Use of City Hall East Ponce City Market $180M Rehabilitation of the former Sears Building (1926) 2 million sq. Ft. Building – the largest brick building in the Southeast U.S. Class A office, Residential, Restaurants, Commercial, Bike Station, Gardens Being built by Jamestown Properties developer of the Chelsea Market Lake in the new park with the old Sears Building, the future home of Ponce City Market in the background 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 13 //Projects led to Transit Oriented Development Citywide Development Activity near Atlanta BeltLine Corridor Since 2005 in the Atlanta BeltLine Corridor area: Over 90 projects complete or underway * $1.1 billion of new taxable value in tax increment finance district 12,000 new residential units • 1,300 constructed or underway around Historic 4th Ward Park 750,000 SF of new commercial space *Projects larger than 10 dwelling units and/or 10,000 square feet 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 14 // TOD Design Challenges and Opportunities Eastside Corridor Trail Development Interface Trail Experiences Passage through neighborhoods Portal to urban activities 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 15 // TOD Design Challenges and Opportunities Eastside Corridor Trail Development Interface Access to the BeltLine Public Connections Private Connections 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 16 // TOD Design Challenges and Opportunities Eastside Corridor Trail Development Interface Building Orientation To the Street? To the Atlanta BeltLine? Both? 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 17 //What’s Next? Add the “ T” to TOD by Extending Atlanta Streetcar to Atlanta BeltLine Corridor 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 18 //What’s Next? Add the “ T” to TOD by Extending Atlanta Streetcar to BeltLine Corridor Old Phase 1 expansion Sears Building includes east side of Area Atlanta BeltLine corridor – Projects 1E and 3 serve old Sears Building area – Integrated with starter line streetcar project 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 19 //What’s Next? Add the “ T” to TOD by Extending Atlanta Streetcar to BeltLine Corridor Phase 1 expansion includes west side of Atlanta BeltLine corridor – Projects 1W, 2 and 4 serve west side of Atlanta – Includes many transit dependent and blighted areas, and major university 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 20 //What’s Next? Back to the Future? An rendering from 1961 for the area around the old Sears Building. Thanks to a lot of hard work with our partners we are on our way to realizing a similar vision! 10/23/2012 Confidential // Atlanta BeltLine // © 2012 Page 21 .
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