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PACIFIC OCEAN LONG BEACH EL MONTE PASADENA WHITTIER NORWALK BURBANK SANTA MONICA WARNER CENTER REDONDO BEACH SOUTH GATE CARSON RANCHO PALOS VERDES LAX UCLA VENTURA BL SAN FERNANDO BL FLORENCE WILSHIRE SANTA MONICA BL WESTERN VERMONT BROADWAY AVALON BL LONG BEACH BL WILMINGTON AV SEPULVEDA PICO WILSHIRE SUNSET TORRANCE BL LA CIENEGA WHITTIER BL MANCHESTER CENTURY IMPERIAL ROSECRANS ARTESIA BL WILLOW SLAUSON MARTIN LUTHER KING JR BL SEPULVEDA BALBOA VAN NUYS BL LAUREL CYN BL RESEDA BL CANOGA AV TAMPA AV WINNETKA AV DE SOTO VICTORY CHANDLER COLORADO BL CESAR E CHAVEZ BL ATLANTIC CRENSHAW BL HAWTHORNE BL ALAMEDA 110 60 91 47 90 2 101 210 5 405 10 5 710 105 605 405 110 10 170 118 134 101 metro.net/projects/joint_dev_pgm Metro’s Joint Development sites are a gateway to the Metro transit system and hold unique potential to advance community development goals while attracting new riders to the Metro system. Joint Development is the real estate development program through which Metro collaborates with qualified developers to build transit-oriented developments on Metro-owned properties. Joint Development (JD) efforts reduce auto use and increase transit ridership by directly linking Metro’s transportation network with retail, commercial, and housing opportunities. JD projects also provide Metro with revenue based on the value of Metro’s property. These amounts, in turn, are reinvested in eligible transportation projects throughout Los Angeles County. Joint Development Program Metro Joint Development Program Under Construction 1st/Boyle Taylor Yard Lots 5a In Negotiations Westlake/MacArthur Park (Phase B) 1st/Soto 1st/Lorena Cesar Chavez/Soto Taylor Yard Lots 2,5b Completed Hollywood/Highland Hollywood/Vine Apts Hollywood/Vine Hotel & Condos Hollywood/Western Wilshire/Western Wilshire/Vermont Apts Wilshire/Vermont School Westlake/MacArthur Park (Phase A) Willow Grand Central Market One Santa Fe Union Station (Metro HQ) Taylor Yard Lots 1,3, 4 Fillmore Del Mar Sierra Madre Villa (Phase I) Opportunity Sites Canoga Park/Ride Sepulveda Park/Ride Van Nuys North Hollywood Vermont/Santa Monica Vermont/Beverly Aviation/LAX Artesia 103rd St/Watts Towers Mariachi Plaza Cesar Chavez/Fickett Temple/Beaudry Sierra Madre Villa (Phase II) El Monte Expo/Crenshaw 1st/Central Fairview Heights 16-2000jp ©2016 lacmta Completed Metro Rail and Stations Crenshaw/LAX Line In Negotiations Opportunity Sites Under Construction Metro Busway and Stations Metro Expo Line Phase 2 Metro Purple Line Extension Phase 1 Regional Connector Metrolink 1 1 1 1 Joint Developments Existing Service Under Construction

Joint Development Program - Metromedia.metro.net/projects_studies/joint...floor retail > New bus layover facility > 438 apartments / 88 affordable > 79,000 square feet retail of retail

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Page 1: Joint Development Program - Metromedia.metro.net/projects_studies/joint...floor retail > New bus layover facility > 438 apartments / 88 affordable > 79,000 square feet retail of retail

PACIFIC OCEAN

LONG BEACH

EL MONTE

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metro.net/projects/joint_dev_pgm

Metro’s Joint Development sites are a gateway to the Metro transit system and hold unique potential to advance community development goals while attracting new riders to the Metro system.

Joint Development is the real estate development program through which Metro collaborates with qualified developers to build transit-oriented developments on Metro-owned properties.

Joint Development (JD) efforts reduce auto use and increase transit ridership by directly linking Metro’s transportation network with retail, commercial, and housing opportunities. JD projects also provide Metro with revenue based on the value of Metro’s property. These amounts, in turn, are reinvested in eligible transportation projects throughout Los Angeles County.

Joint Development Program

Metro Joint Development Program

Under Construction

1st/Boyle Taylor Yard Lots 5a

In Negotiations

Westlake/MacArthur Park (Phase B)

1st/Soto 1st/Lorena Cesar Chavez/Soto Taylor Yard Lots 2,5b

Completed

Hollywood/Highland Hollywood/Vine Apts Hollywood/Vine Hotel & Condos Hollywood/Western Wilshire/Western Wilshire/Vermont Apts Wilshire/Vermont School Westlake/MacArthur Park (Phase A) Willow Grand Central Market One Santa Fe Union Station (Metro HQ) Taylor Yard Lots 1,3, 4 Fillmore Del Mar Sierra Madre Villa (Phase I)

Opportunity Sites

Canoga Park/Ride Sepulveda Park/Ride Van Nuys North Hollywood Vermont/Santa Monica Vermont/Beverly Aviation/LAX Artesia 103rd St/Watts Towers Mariachi Plaza Cesar Chavez/Fickett Temple/Beaudry Sierra Madre Villa (Phase II) El Monte Expo/Crenshaw 1st/Central Fairview Heights

16-2

00

0jp

©20

16 l

acm

ta

Completed

Metro Rail and Stations

Metro Orange LineExtension

Metro Expo LinePhase 2

In Negotiations

Opportunity Sites

Under Construction

Metro Busway and Stations

Metrolink■

1111

Joint Developments

Existing Service

Under Construction

Completed

Metro Rail and Stations

Crenshaw/LAX Line

In Negotiations

Opportunity Sites

Under Construction

Metro Buswayand Stations

Metro Expo LinePhase 2

Metro Purple LineExtension Phase 1

Regional Connector

Metrolink■

1111

Joint Developments

Existing Service

Under Construction

Page 2: Joint Development Program - Metromedia.metro.net/projects_studies/joint...floor retail > New bus layover facility > 438 apartments / 88 affordable > 79,000 square feet retail of retail

Metro Joint Development Program

Creating Transit Oriented Communities

Joint Development Process

Initial Community Outreach

Developer Solicitation / Selection

1 2 Project Refinement, JD Agreement, Negotiations

3 Permitting and Construction

4

6 - 8 months 6 - 8 months 18 - 30 months 18 - 24 months

Transit Oriented Communities (TOC) are compact, walkable and bikeable places in a community context. Supporting TOCs means stretching the impact of an individual TOD to achieve broader community development goals and increase transit ridership.

> Metro is currently undergoing the largest transit expansion in the country with the power to activate a network of sites; as more destinations come on line, that power increases exponentially

New Joint Development Policies

In July 2015, the Metro Board of Directors adopted the updated JD Policies and Process. This document clarifies the JD process and emphasizes the importance of collaboration with municipal partners and community members. It also includes new policies to encourage development of much-needed affordable housing in LA County:

> 35% Portfolio-Wide Goal> Proportional Land Discounting

Joint Development Portfolio: Examples

35% Portfolio-Wide GoalMetro established a goal that 35% of total housing units in the JD portfolio be affordable to households earning 60% of area median income (AMI) or below.

Proportional Land Discounting Metro may discount JD ground leases below the fair market value to accommodate affordable housing with an income target of 60% AMI or below. The discount is based on the development’s percentage of affordable units with a maximum discount of 30%.

> 375 apartments / 78 affordable> 305-room W Hotel> 143 W condominiums> 59,000 square feet of ground

floor retail> New bus layover facility

> 438 apartments / 88 affordable> 79,000 square feet retail of

retail and commercial space, including Metro Operations

> 80 affordable apartments> 4,000 square feet of ground

floor retail

Facts at a Glance (as of April 2016)

18 completed

2 under construction

6 in negotiations

17 opportunity sites

Hollywood / Vine One Santa Fe 1st / Boyle

completed 2009 completed 2014 under construction

line

development

line

development

line

development

> 2017 housing units • 329 ownership units • 1688 rental units, of which 622

(36%) are affordable

> 305 hotel rooms

> 820,000 square feet of retail

> 650,000 square feet of office (Metro Headquarters)

> 370 housing units • 54 for sale • 316 rental units, of which all

(100%) are affordable

> about 51,690 square feet of commercial, most are part of housing developments

Project Status Completed In Negotiations

One Santa Fe

Hollywood/Vine

Wilshire/Vermont

Del Mar

Metro Joint Development Program

line Metro Gold Line

site 3.56 acres on two separate parcels

development> 347 apartments/21 a=ordable> 11,000 square feet of

ground ?oor retail> A public plaza and paseos

directly connecting the Gold Line station to the development, bus service and the surrounding community

> Refurbished historic train depot used as a restaurant

> 600 transit parking spaces

completed 2007

line Metro Red Line Rail Yard

site 4.03 acres of Metro-owned property in Downtown Los Angeles Arts District

development> 438 apartments • 350 market-priced units (80%) • 88 affordable units (20%) > 79,000 square feet of retail and

commercial space • Metro Operations is 35,000

square feet anchor tenant

completed 2014

line Metro Red & Purple Lines

Apartments site 3.24 acres

development> 449 apartments/

90 a=ordable> 36,000 square feet of

ground ?oor retail> Improved public plazas

directly connecting a new subway portal to the development, bus service and the surrounding community

> 11-bay bus layover facility on adjacent 1.02-acre parcel

completed 2007

line Metro Red Line

Apartments site 2.35 acres

development> 375 apartments/

78 a=ordable> 28,000 square feet of

ground floor retail> New bus layover facility

School site 2.5 acres

development

> 800-student LAUSD middle school

completed 2008

Hotel & Condos site 2.30 acres

development

> 305-room W Hotel> 143 W Condominiums> 31,000 square feet of

ground floor retail > Improved public plaza

and second subway elevator> New subway portal canopy,

bus layover facility and bike room

completed 2009

completed

completed completed

completed

Metro Red Line Metro Gold LineMetro Red Line Rail Yard

Contact us! [email protected] metro.net/projects/joint_dev_pgm

> Metro brings relationships with jurisdictions, grant makers, community leaders and other public agencies that can support the streamlined delivery of development projects and achievement of broader community development goals

> Before beginning any TOD effort, Metro engages in a comprehensive outreach campaign with community stakeholders to develop a set of development guidelines