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MAPC TOD Report.Indd Growing Station Areas The Variety and Potential of Transit Oriented Development in Metro Boston June, 2012 Table of Contents Executive Summary Introduction Context for TOD in Metro Boston A Transit Station Area Typology for Metro Boston Estimating the Potential for TOD Conclusions Matrix of Station Area Types and TOD Potential Station Area Type Summaries Authors: Tim Reardon, Meghna Dutta MAPC contributors: Jennifer Raitt, Jennifer Riley, Christine Madore, Barry Fradkin Advisor: Stephanie Pollack, Dukakis Center for Urban & Regional Policy at Northeastern University Graphic design: Jason Fairchild, The Truesdale Group Funded by the Metro Boston Consortium for Sustainable Communities and the Boston Metropolitan Planning Organization with support from the Dukakis Center for Urban and Regional Policy at Northeastern University. Thanks to the Metro Boston Transit Oriented Development Finance Advi- sory Committee for their participation in this effort. Visit www.mapc.org/TOD to download this report, access the data for each station, or use our interactive map of station areas. Cover Photos (L to R): Waverly Woods, Hamilton Canal Lofts, Station Landing, Bartlett Square Condos, Atlantic Wharf. Photo Credits: Cover (L to R): Ed Wonsek, DBVW Architects, 75 Station Landing, Maple Hurst Builders, Anton Grassl/Esto Inside (Top to Bottom): Pg1: David Steger, MAPC, SouthField; Pg 3: ©www.bruceTmartin.com, Anton Grassl/Esto; Pg 8: MAPC; Pg 14: Boston Redevel- opment Authority; Pg 19: ©www.bruceTmartin.com; Pg 22: Payton Chung flickr, David Steger; Pg 23: MAPC, Boston Redevelopment Authority; Pg 24: ©www.bruceTmartin.com, Maple Hurst Builders; Pg 25: 75 Station Landing, 2008 Asian CDC Competition Team; Pg 26: Beacon Communities LLC, Beal + Street-Works Development LLC; Pg 27: Cliff Boehmer, Oaktree Greenlin Project, MAPC; Pg 28: MA Pictometry, Legacy Place-Dedham, MA; Pg 29: The Seaport at Cordage, Southfield; Pg 30: MAPC; Pg 31: Lincoln Station Growing Station Areas: Executive Summary Transit oriented development has been a major factor in Boston’s growth since the earliest days of the horse-drawn railways. In fact, we live in a uniquely transit-oriented region, where 25% of housing units and 37% of employment is located within a half-mile of a rapid tran- sit or commuter rail station. Now Metro Boston is experiencing a new wave of station area growth, with hundreds of residential and commercial developments underway near transit, and even more on the horizon. Cities and towns are creating station area plans and updating their zoning to unlock development potential; the MBTA is actively soliciting proposals for development on prime T-owned parcels near stations; state agencies are using transit prox- imity as a criteria for prioritizing infrastructure or housing resources; and the development community is finding a strong market for housing units and commercial space near transit. There are good reasons for this burgeoning interest in Transit Oriented largely undeveloped station areas in low- Development (TOD.) New growth near transit stations can help reduce density suburbs. congestion, improve affordability, bolster the T’s bottom line, and satisfy The ten Station Area Types, illustrated on the growing demographic preference for transit proximity. But with the following page, are distinguished by over 250 rapid transit and commuter rail stations in the region, there is existing population and employment, no one-size-fits-all approach to TOD. Downtown Boston, streetcar sub- transit service type, land use, demograph- urbs, gateway cities, and village centers all present distinct and comple- ics, and travel behavior. In addition to this mentary opportunities for growth near transit. information about existing conditions, we The region’s TOD activity reflects this diversity: there are over 30,000 also considered the nature and magnitude housing units and 45 million square feet of commercial space planned of development that could occur over the or under construction near transit, ranging from high-rise office towers coming decades. Around some stations, and small-scale infill developments to entirely new transit districts and TOD takes the form of small-scale infill compact townhouse communities. This development pipeline suggests development or adaptive reuse that rein- that growing station areas can accommodate a substantial share of the forces or strengthens the existing fabric and region’s residential and commercial development over the coming 25 character of the station area. Other locations years, helping to achieve the MetroFuture vision of a sustainable, equi- are amenable to large-scale “transforma- table, and prosperous future. tional” development that creates entirely While TOD holds great promise for the region, the diversity and com- new neighborhoods or districts. Our typol- plexity of transit station areas may frustrate efforts to develop policies ogy also helps to highlight those locations to promote TOD, to prioritize infrastructure and planning investments, where TOD might do the most to increase or to evaluate specific development proposals. A better understanding sustainable transportation patterns. We also of the diversity of transit station areas in the region is necessary to craft identify ‘lower performing’ areas where the policies and programs that realize the full potential of TOD. In response transit proximity alone is less likely to have to this need, the Metropolitan Area Planning Council has developed a a beneficial impact on the travel patterns of new transit station area typology that defines ten distinct types, ranging new residents and workers. from the Metro Core stations of Downtown Boston and Cambridge to 1 Utilizing the typology and the underlying data, MAPC also estimated the potential for additional TOD over the coming 25 years, based on current development proposals, exist- ing land use, underutilized parcels, and other factors. We estimate that station areas in the region could accommodate more than 76,000 new housing units and space for more than 130,000 new jobs by 2035: nearly one-third of projected housing unit growth and more than half of projected job growth. Were this potential to be fully realized, the region would see substantial benefits as compared to a more dispersed growth scenario: higher transit ridership, fewer vehicle miles travelled, lower housing and transportation costs, and increased economic vitality. Initial estimates suggest that this development could gener- ate more than 60,000 commute trips per weekday, not to mention a substantial number of non-work trips. This additional ridership would bolster the MBTA’s fare revenue but also possibly exceeding the capacity of the system to transport those additional riders, espe- cially at the hub of the system. While the development pipeline is strong, there is a need to pick up the pace. From 2000 – 2010, the region added more than 15,000 new housing units near transit. This demon- strates strong demand, but the rate of housing development needs to double in order to achieve the full potential of TOD in the region. The transit station area typology can help advance equitable and sustainable TOD in a variety of ways: • Housing, economic development, and infrastructure programs can use the typology to establish funding criteria that reflect both local conditions as well as regional TOD goals. • Analysis of TOD financing needs and the design of potential new TOD finance prod- ucts can acknowledge the distinct station area types and the different finance/market conditions that exist in each one. • Technical assistance from MAPC and other partners can be targeted to station areas with strong potential for TOD but few developments in the pipeline. • Municipalities and stakeholders can use the analysis to evaluate specific develop- ment proposals against the range of densities and project attributes appropriate for the station area type. • The MBTA can use the analysis of TOD potential to plan for capacity expansion or to evaluate the potential develop- ment impacts of service changes & eliminations. All of the data developed for this report can be downloaded or viewed with our interactive data viewer at www.mapc.org/ TODtypology 2 Introduction Imagine you are riding on a subway or commuter rail train, somewhere in the MBTA’s 3,200 square mile service area. You arrive at a station and the door opens. Where are you? The Financial District or a traditional town center? A bustling urban neighborhood or a quiet park-and-ride station? A streetcar suburb or a suburban industrial park? The communities served by the MBTA are as diverse as the region itself, scale urban design. Others station areas and the real estate development that is occurring near these stations lack key ingredients, such as density or is similarly diverse, not to mention substantial: there are over 30,000 land use diversity, and therefore do not housing units and 45 million square feet of commercial space planned generate the kinds of benefits that transit or under construction near transit, ranging from high-rise office towers proximity can confer (high transit rider- and small-scale infill developments to entirely new transit districts and ship, low auto usage, strong tax revenues, compact townhouse communities. This new wave of Transit Oriented and a diversity of residents.) TOD can Principles of TOD Development (TOD) is no accident. Recognizing the significant benefits reinforce and—where necessary—remedi- that result from TOD (see page 8), cities and towns have been busy creat- ate these existing conditions to enhance Research across the U.S. has identified ing station area plans and updating their zoning to unlock development the performance of station areas. A better a set of common characteristics of TOD potential; the MBTA is actively soliciting proposals for development on understanding of how these conditions that are correlated with better transpor- prime T-owned parcels near stations; state agencies are using transit and opportunities vary across the region tation performance, greater economic proximity as a criteria for prioritizing infrastructure or housing resources; will help decision makers craft policies and return, and improved social equity.
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