As transit oriented development gains ground in cities across the country, it is increasingly seen as the model for the future of multi-family housing.
"Clearly, promoting an environmental position enhances corporate social responsibility. One particular initiative – the transit-oriented development (TOD) – offers a clear vision of taking that responsibility beyond what is socially expected. The TOD is the model for what multi-family housing will look like in the years ahead. Many TOD projects are included in the USGBC's LEED-ND/Neighborhood Development pilot program, with 238 projects already registered, including: 108 N. State Street, Chicago; Atlantic Yards Development, Brooklyn, NY; City Creek Center, Salt Lake City, UT; Transit-Oriented Develop District, Irvine, CA; and MacArthur BART Transit Village, Oakland, CA."
"Many developers – along with the Urban Land Institute (ULI) – have embraced these initiatives, and have addressed their potential value as TODs have evolved. In a 2003 report addressing TODs' barriers and incentives, the ULI noted that TOD is an important component in a community's tool kit to achieve regional growth management goals and objectives. However, it is not a "silver bullet" for economic and other problems faced by jurisdictions. TOD operates in and is supported by a multimodal transit and land use environment, but TOD and transit do not by themselves create a successful market. The reverse is true: the market creates opportunities for TOD."
FULL STORY: INSIGHT: Transit-Oriented Design: An Evolution from Societal Convenience to Environmental Solution
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