Kensington Final Presentation › 2012 › 04 › ... · 2012-06-28 · FINAL PRESENTATION Kensington LCI TOD Plan JUNE 26, 2012. TSW Team: TSW + GRICE CONSULTING GROUP + MARKETEK,

TSW Team: TSW + GRICE CONSULTING GROUP + MARKETEK, INC

TSW TEAM: TSW + GRICE CONSULTING GROUP + MARKETEK,INC.TSW | 1389 PEACHTREE STREET NE, SUITE 200 | ATLANTA, GA 30309 | PHONE: 404-873-6730

http://kensingtonlci.wordpress.com/

FINAL PRESENTATIONKensington LCI TOD Plan

JUNE 26, 2012


THE TEAM


SCOPE OF SERVICE

• TOD Market Assessment• Concept Plan Development• Public Involvement• Implementation Plan

http://kensingtonlci.wordpress.com


STUDY AREA MAP


Design Workshop/Open House:

• Visual Preference Survey (VPS) Results

• Introduction to Concepts A & B

• Public Feedback


MARKET ASSESSMENT


Market Study Re-Cap: Opportunities

• Large population base• Employment within & surrounding Study Area• Re-capture of retail sales now being lost to other

commercial areas • Access via MARTA, Memorial Drive & I-285• Land owned or controlled by Dekalb County• Investment by Dekalb County in & surrounding Study Area• Location for additional Dekalb County office space• Growing national & local interest in mixed-use, town center

developments


Market Study Re-Cap: Constraints

• Low historic & projected population growth• Surrounded by aging residential & commercial space• Distance from Atlanta and Decatur city centers • Economic downturn continues to limit development

activity nationally & locally, especially in riskier projects


• Potential demand for the Study Area over the next 10 years for:− 650 for-sale housing units− 1,000 rental units− 200,000 to 250,000 square feet of new retail space

• Potential to attract Dekalb County office space (apx. 500,000 square feet) and other, private office space users


Target Markets

Residential:•Empty nesters/retirees•Entry-level & higher-level professionals•Small families•Workforce housing

Commercial:•New Study Area residents•Surrounding residents •Study Area employees

Motivations:−Access to town center, work, shopping, recreation & entertainment−Vibrant, mixed-use settings −Sense of authenticity & community


Implementation: What are Developers Looking For?

• Land assemblage around transit station• Strong vision for area & leadership• Embracing a mix of uses• Market opportunities• Flexibility in government participation• Transparency throughout negotiation and development

process • Zoning in place for vision

The most successful TOD public-private partnerships occur when an agency has an internal policy and implementation process for joint development


Implementation: Establishing Partnerships

• Collaboration with MARTA− Dedicated TOD department with established joint

development policy

• Identifying Private Development Partner− Typically through an RFQ or RFP process− Set forth developer expectations and available

incentives but flexibility is key


Implementation: Financing & Incentives

• Potential developer incentives:– TAD funds for infrastructure development– Reduced property costs (lease or sale)– Assistance with development of parking

• Potential financing components:– Federal Transit Administration programs– New Market Tax Credits (US Treasury Dept)– Low Income Housing Tax Credits (GA DCA)– Section 202 Elderly Housing (US HUD)– Section 220 Multifamily Housing (US HUD)


CONCEPT PLANS


Workshop - Concept B


Concept B Land Use Summary


3-D Model


Public Feedback


Framework Plan


Bubble Diagram A


Site Plan A


Land Use Summary


Figure Ground Comparison


3D Model


3D Model


3D Model


3D Model


3D Model


Bubble Diagram B


Site Plan B


Land Use Summary


3D Model


3D Model


3D Model


3D Model


3D Model


TRANSPORTATION



Memorial Drive-Section


Mountain Drive-Section


Kensington Road-Section


Camp Street-Section


Next Steps:• Receive Feedback On Latest Plans• Finalize Recommendations• Finalize Implementation Plan• Prepare Deliverables


QUESTIONS AND COMMENTS

Documents

Kensington Final Presentation › 2012 › 04 › ... · 2012-06-28 · FINAL PRESENTATION Kensington LCI TOD Plan JUNE 26, 2012. TSW Team: TSW + GRICE CONSULTING GROUP + MARKETEK,