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HomeMy WebLinkAboutItem 03Memorandum City of Lakeville Community & Economic Development To: Mayor and City Council Members Steve Mielke, City Administrator From: David L. Olson, Community and Economic Development Director Cc: D aryl Morey, Planning Director Allyn Kuennen, Administrative Services Manager Date: August 22, 2013 Subject: Red Line Market and Development Study Presentation Since January of this year, City staff has been participating in a study with the objective to explore how Bus Rapid Transit (BRT) on Cedar Avenue (Red Line) will impact development along this corridor. The cities participating in the study include Bloomington, Eagan, Apple Valley and Lakeville along with Dakota County. The firm of Kimley -Horn and Associates was retained to assist with the completion of this study which was funded with Corridor of Opportunities Grant from the Department of Housing and Urban Development. The other primary objective of the study is to identify strategies to promote Transit Oriented Development (TOD) adjacent to the Red Line station areas in each City along the corridor. Attached is a copy of the PowerPoint that covers the draft findings and conclusions of the study that will be presented by William Reynolds of Kimley Horn and Joe Morneau with the Dakota County Office of Transit at the August 26th Council Work Session. As the Council is aware BRT service is not currently being provided in Lakeville. The current Metropolitan Council plan is for this service to be extended into Lakeville sometime after 2020. The current express service from Lakeville Cedar Park Ride consists of five commuter trips in the a.m. to Minneapolis and five return trips in the p.m. Action Requested: The City Council will have the opportunity to ask questions regarding any aspect of the Study that has been completed to date. The City will not be requested to approve or accept the study upon its completion, but rather utilize the information contained in the study in the City's future planning for this area. METRO Red Line Market and Development Study Presentation to the Lakeville City Council Work Session Red Line Market and Development Study William Reynolds, Kimley -Horn and Associates Joe Morneau, Dakota County August 26, 2013 METRO Red Line Market and Development Study Objectives • Explore Red Line (and BRT's) role in driving development changes in suburban Dakota County • Identify strategies to promote TOD at Red Line station areas WINS METRO Red Line Market and Development Study 140" Street Station Cedar Grove Transit Station CZ Mall of America Transit Station 147° Street Station Apple Valleys Transit Station (155' Street) '" • •a- 161^ Street ' station • Glacier Way Station ge 161 "tation Street '* . l� 195' Street Station fait 215'• Street . - Station 4 PCillorEaLe Partners Funded by a Corridors of Opportunity grant to the City of Apple Valley on behalf of the Red Line communities METRO Red Line Market and Development Study 6 Station Areas Studied • Bloomington — Mall of America • Eagan — Cedar Grove • Apple Valley — 140th St — 147th St — 155th St (Apple Valley Transit Station) • Lakeville (future) — 181St St C D A AgOnCy ME Dakota County Community Development i1 , ••• �.•� KIOOMINGTON �•�•� !_!_ ,t \,. t)1 A •• •• Apple METRO Red Line Market and Development Study • Station Area Inventory — Character, land use, infrastructure • Market Analysis — Forecast — BRT -TOD relationship — Developer perspective — Assets and barriers • Development Typologies — Intensity, uses METRO Red Line Market and Development Study Task 1. Transitway and Station Character Task 2. Existing Market Condition and Potential Task 3. Station Area Investment Strategies Task 4. Public /Private/ Foundation Engagement Task 5. Implementation Plan Q = Public /Stakeholder Workshop Study Approach • Implementation Plans — Corridor -wide — Infrastructure + policy + development + financing • Finance Strategies — Existing tools, new tools • Stakeholder Engagement — Agency, public — Business, foundation — Underserved populations Jan Feb Mar Apr May June July Aug Sept 2013 • • METRO Red Line Market and Development Study Market Study METRO Red Line Market and Development Study Market Study: Region • A portion of the 20 -year regional growth will be in communities on the Red Line • Development will go to: — To the best sites for a given market — To markets that are growing and /or underserved r METRO Red Line Market and Development Study Market Study: Cities • A portion of the growth in the Red Line communities will be "TOD ", encouraged by: — Amenities — Unique community features — TOD- supportive plans and policies METRO Red Line Market and Development Study Potential TOD Housin • Community South Loop Eagan Apple Valley Lakeville Market Study: Station Areas % of Total Units 100% 15 % -25% 1 5%-25% 10 % -15% 1 Assets — Market strength, growth — Regional examples of suburban TOD — Potential catalysts (South Loop /Mall of America, Apple Valley downtown, Eagan outlet mall, etc.) Constraints — Competition with other sites and locations, other transit corridors — Limited supply of TOD developers — Perceptions of BRT METRO Red Line Market and Development Study Market Study: BRT Positive but not game- changing? • Impressions and interviews — Good transit can be a differentiator but typically secondary to other factors — LRT> BRT> bus — Ridership matters • Dakota County's Regional Transitway has arrived METRO Red Line Market and Development Study How to encourage (more) TOD in station areas? METRO Red Line Market and Development Study Strategies to Encourage TOD • Station Areas — Infrastructure (mostly ped and bike) — Priority /catalyst development sites — Affordable housing — Policy recommendations — Specific financing strategies -+ Each station area is different METRO Red Line Market and Development Study Corridor -Wide Strategies to Encourage TOD • Make BRT Successful — Define and market the benefits of the Red Line — Improve ped /bike crossings along Cedar Avenue — Incentivize transit and bike use METRO Red Line Market and Development Study METRO Red Line Market and Development Study 411 Cite of Eagan jey !t, Corridor -Wide Strategies to Encourage TOD • Define and Market the Assets of the Corridor — Identify priority redevelopment sites for TOD — Mix affordable housing units with market housing in station areas — Encourage street -level retail and residential street frontage Corridor -Wide Strategies to Encourage TOD • Undertake collaborative initiatives — Establish a corridor -wide partnership — Develop a corridor -wide infrastructure and TOD strategy plan — Coordinate investments, funding requests, and development project across the corridor — Promote a unique corridor identity METRO Red Line Market and Development Study Corridor -Wide Strategies to Encourage TOD • Explore New Finance Tools — Create TOD (mixed use) special service districts — TIF • Expand TIF authority for TOD (allowed sites) • Remove barriers (allowed costs, pooling of increment, etc.) — Bonding • State bonding to be secured with value capture • Define state bonding to include TOD public infrastructure and eligible private TOD costs — Transit Improvement Areas • Expand authority for special assessments METRO Red Line Market and Development Study TYPOLOGIES REGIONAL CENTER s TnWN i t NTE r t � Strategies to Encourage TOD LAND -USE MIX AND DENSITY High- density mix of residential, commercial, employment, and civic /cultural uses Moderate- to high- density mix of residential, commercial, employment, and civic/ cultural uses Moderate density mix of residential, community, employment and civic/ cultural uses Low- to moderate - density residential uses with supporting commercial and employment uses Low- to moderate - density residential uses with supporting commercial and employment uses CHARACTERISTICS Primary center of economic and cultural activity Significant center of economic and cultural activity with regional -scale destinations Local center of economic and community activity Capture station for in -bound commuters with large park and ride, primarily residential with local and commuter - serving commercial Predominantly residential district with a neighborhood walk -up transit station qftiLit HOUSING MIX High - rise and mid -rise apartments and condos Mid -rise, low -rise, townhomes, and some high -rise Mid -rise, low -rise, and townhomes Low -rise, townhomes, small -lot single family, and some mid -rise Low -rise, townhomes, small -lot single family, and some mid -rise METRO Red Line Market and Development Study TYPOLOGY: Regional Center Draft TOD Strategies • Planned redevelopment of MOA transit station • 24t Street design — bike and pedestrian friendly; place- making; activate the street • Market MOA and BCS as Red Line destinations • Structured parking METRO Red Line Market and Development Study oLeeaw Bloomington — Mall of America , , it. 1.7. i * lig_ Killebrew Di 11 611111 , Lindau Ln ss 1 r f isaj� Ilk Potential Pedestrian Bndyei Skyway Connection Wad with MCA to Potent.; � Streret l.evd AC nro Ii cs Mall of Americo — TranurCPnra roroir Plano Streetscape Improvements— (per South Loop Plan) • L C)Id Shakopee RA - Streetscape Improvements (per South Loop Plan) Potential Pedestrian Bridge / Skyway Connection iffEet 20 METRO Red Line Market and Development Study Eagan — Cedar Grove Transit Station Draft TOD Strategies • Outlet Mall to open in 2014 — 2,000 jobs; 400,000 s.f. of retail space — Nearby sites available for potential TOD • Added ped /bike facilities • Improve bus access from Hwy 77 • Parking management METRO Red Line Market and Development Study TYPOLOGY: Suburban Center ONO IRO METRO Red Line Market and Development Study 140th Street Station Area TYPOLOGY: Transit Neighborhood Draft TOD Strategies • Improve pedestrian crossings (140th; Cedar) • Address ped /bike network gaps within station area • Encourage TOD (med to high density housing) on undeveloped parcels METRO Red Line Market and Development Study METRO Red Line Market and Development Study 147th Street — Apple Valley Draft TOD Strategies Build Cedar Avenue pedestrian skyway Increase street connectivity and reduce block sizes • Bike /ped network; Nice Ride • Potential mixed -use district on west side of Cedar Avenue, to include housing and office uses TYPOLOGY: Town Center METRO Red Line Market and Development Study IRO METRO Red Line Market and Development Study 155th Street — Apple Valley Draft TOD Strategies • Increase street connectivity and reduce block sizes • Improve multimodal linkages between BRT and Central Village • Guide redevelopment of former transit site for high intensity mixed use • Bike /ped network; Nice Ride TYPOLOGY: Suburban Center METRO Red Line Market and Development Study III 2E METRO Red Line Market and Development Study Lakeville — 181st St. Station Area Assets • Undeveloped Land • Location • Early Planning Challenges • Preserving Future Opportunities • Long -Term Vision • Connectivity METRO Red Line Market and Development Study Draft TOD Strategies • Adopt TOD guiding principles Form partnerships • TOD special area plan Increasing allowed residential densities • Ped /bike connectivity in new development Lakeville — 181st St. Station Area TYPOLOGY: Commuter Town Center METRO Red Line Market and Development Study METRO Red Line Market and Development Study Summary: Red Line BRT -TOD • Red Line BRT will not drive development - but if coordinated with other advantages, can significantly enhance a site's competitive position. • Competition with other locations is biggest limitation on Red Line TOD potential. • If Red Line stations can provide competitive locations to serve market demand, they can attract substantial TOD development. • Expanded financing tools are critical. METRO Red Line Market and Development Study Questions? Joe Morneau (Dakota County) 952 - 891 -7986 ioe.morneau @co.dakota.mn.us Tim Burkhardt (Kimley -Horn) 651 - 643 -0415 tim.burkhardt @kimley - horn.com William Reynolds (Kimley -Horn) 651 - 643 -0451 william.reynolds @kimley- horn.com