park&ride

M a y

t r a n s i t o r i e n t e dd e v e l o p m e n t s t u d y

2016

/ Introduction

TA B L E O F C O N T E N T S

/ Kingwood Park & Ride

/ Addicks Park & Ride

/ Kuykendahl Park & Ride

/ How Can We Work Together? Public Realm Improvements

04

1006

1822

/ Next Steps and Partnerships23

03

/ Westchase Park & Ride14

METRO would like to thank:

• City of Houston Economic Development • City of Houston Public Works & Engineering • City of Houston Housing Department • Energy Corridor Management District • Westchase Management District • Southeast Houston Transformation Alliance (SEHTA) • Old Spanish Trail (OST) Community Partnership • Super Neighborhood #68 • Houston Texans YMCA • OST Almeda TIRZ #7 • Greater Southeast Management District • Farmers Market, Palm Center & Park at Palm Center • TIRZ #21 Hardy/Near North Side; • North Central Civic Club • Greater Northside Management District; Economic Development Chair

for Greater Northside Chamber of Commerce • Greater East End Management District • Second Ward Super Neighborhood • Super Neighborhood #64 & #88 per Neighborhood 64 & 88 • Schaum / Shieh Architects • The Itex Group

This work contains fair use of copyrighted and non-copyrighted images from the public domain and the web for non-commercial and nonprofit educational purposes. This work is distributed in good faith and free of charge.

STUDY PARTNERSHOUSTON - GALVESTON AREA COUNCIL AND CITY OF HOUSTON PLANNING & DEVELOPMENT

KingwoodAddicks

Westchase

Kuykendahl

Better connects people and joBs

expands choice of travel modes

reduces traffic

I N T RO D U C T I O N

METRO initiated the Transit Oriented Development (TOD)

study for select Park & Rides in an effort to encourage new

development opportunities around the Park & Ride Facilities,

specifically the Addicks, Kingwood, Kuykendahl, and Westchase

Park & Rides. Property development potential exists in the vicinity

of these lots.

WHAT IS TOD?

TOD is a type of community development that includes a mixture

of housing, office, retail and/or other amenities integrated into a

walkable neighborhood and located within a half-mile of quality

public transportation.

04 05

Average household size is only 2.27 indicating young singles and married couples in the area

Source: US Census, American Community Survey, Pcensus, 2014

HOUSEHOLD INCOME 2013 ESTIMATE

23 %

25%

HoustonMSA

17 %

2

8

%

HALFmile radius

$24,000 - 49,999

< $24,000

> $100,000

$50,000 - 99,999

31 %

24

%

29 % 2

3%

AD

DIC

KS

06 07

Class A apartments are currently generating from $1.60 to $1.70 per square foot. The unit mix is mostly one bedroom (60%) and two bedrooms at (35%)

AFTER TOD

08

AlexanEnclave

Apartments

SunriseBriar

Forest

Grayco Apartments - Skanska Site

Aura onMemorial

Worthing,The Heightsat Park Row

Elan BriarForest

Energy Core Apartments -

Duke Inc.

DomainWest

AllianceEnergy

Park

50150

200250300350400

NU

MB

ER O

F U

NIT

S

Sour

ce: C

oSta

r; O

’Con

nor &

Ass

ocia

tes;

Ene

rgy

Corr

idor

Dis

tric

t; an

d CD

S M

arke

t Res

earc

h, 2

014

354

240

342 340329288293

333

200

APARTMENT UNITS RECENTLY BUILT OR UNDER CONSTRUCTION

HIGH POTENTIAL FOR JOINT DEVELOPMENT AT ADDICKS PARK & RIDE WITHIN 5 TO 10 YEARS

09

AD

DIC

KS

LONG-TERM SCENARIO

2010 2011 2012 2013 2014

AVERAGED SINGLE-FAMILY ATTACHED SALES PRICE SF IN A HALF MILE RADIUS

$90

$50

$72 $79

$85

$97

$70

SP /

SF

$110

60 DOM

72 DOM

60 DOM

55 DOM

40 DOM

Sour

ce: H

oust

on M

ultip

le L

istin

g Se

rvic

e;

CDS

Mar

ket R

esea

rch,

201

4

$80

DOM = Days on Market SF = Sq ft.

KIN

GW

OO

D

10 11

The Kingwood master planned community is an established development

There are a few infill areas and new developing land on the fringe of the master planned development

$1,422

$902

$1,289

$751

$1,110

$558

ASKING RENTS IN THE CMA

$981

$528

$500

5-YEAR AVG.2015

1 BED 2 BED 3+ BED

Sour

ce: C

oSta

r Rea

lty In

form

atio

n In

c.;

CDS

Mar

ket R

esea

rch,

201

4

13

KIN

GW

OO

D

12

It is estimated that 396 housing units will be added to the Competitive Market Area from 2015 - 2020

LONG-TERM SCENARIO

15

MORE THAN1.7 MILLIONSF OF OFFICE SPACE WITHIN A HALF MILE OF THE PARK & RIDE

OpeningStatusSquare FootageClass

THE CENTRE AT WESTCHASE

MILLENIUM TOWER II

TWO OAK PARK

WESTCHASE CORPORATE CENTER 2A

WESTCHASE BUILD TO SUIT

2016

2016

2016

2016

2016

UNDERCONSTRUCTION

PROPOSED

PROPOSED

PROPOSED

PROPOSED

A

A

A

B

B

445,000

65,000

158,607

60,000

30,000

OFFICE BUILDINGS UNDER CONSTRUCTION AND PROPOSED FOR THE COMPETITIVE MARKET AREA

Sour

ce: C

oSta

r Rea

lty In

form

atio

n In

c., O

’Con

nor a

nd A

ssoc

iate

s, C

DS

Mar

ket R

esea

rch,

201

5

Renter-occupied units make up a 83% of housing in the CMA

WE

ST

CH

AS

E

14

OFFICES MAKE UP AN ESTIMATED

26 PERCENT OF TOTAL LAND USES AROUND THE PARK & RIDE

Image Provided by Google Maps

Source:  CoStar Realty Information Inc.; CDS Market Research, 2015

Year BuiltTypeUnitsClass

PORTICOAT WEST 8 II

THE HEIGHTSAT WESTCHASE 2015

2015

MARKET RATE

MARKET RATE

A

A

262

296

PLANNED MULTI-FAMILY COMPLEXES IN THE COMPETITIVE MARKET AREA

17

WE

ST

CH

AS

E

1,738 additional rental units (290 annually) will be needed in the Competitive Market Area by 2019 to meet the current trends of population growth

An estimated

16

LONG-TERM SCENARIO

Homes in this area are priced in the $125k to $175k range and offer an affordable alternative to other areas

POPULATION BREAKDOWN OF TOTAL HOUSEHOLD INCOME FOR THE CMA

> $100k$50k - $74k$15k -$24k $75k - $99k$25k - $34k $35k - $49k< $15k

15

0

10

5

Perc

enta

ge

25%

30%

20%

Sour

ce: U

S Ce

nsus

, Am

eric

an

Com

mun

ity S

urve

y, P

cens

us, 2

014

8% 9% 10%

14%17%

14%

29%

KU

YK

EN

DA

HL

18 19

Sour

ce:

US C

ensu

s, A

mer

ican

Co

mm

unity

Sur

vey,

PCe

nsus

2010 20102014 20142019 2019

POPULATION GROWTH IN THE CMA HOUSEHOLD GROWTH IN THE CMA

50,000 19,000

70,000

23,000

57,656 20,046

65,18422,325

73,946 25,130

80,000

25,000

27,000

Popu

lati

on

Hou

seho

lds

60,00021,000

28% 25%

INCREASE INCREASE

An estimated 1,200 additional rental units will be needed in the CMA by 2020 to meet the current trends of population growth and persons per housing unit

21

KU

YK

EN

DA

HL

20

LONG-TERM SCENARIO

1. Add bike lanes to Park Row Drive linking the Addicks Park & Ride to the Buffalo Bayou Bike Trail via a future extension of Park Row Drive.

2. Integrate a painted trail path with painted pedestrian designated walkways to coincide with sidewalk entrances along Rustic Woods Drive and to connect the Kingwood Park & Ride to the residential communities.

3. Signed bike lanes to North Course Drive to connect with existing lanes along Harwin Drive will help serve new developments to the south of the Westchase Park & Ride.

1. Street and intersection improvements near the Addicks Park & Ride include additional walkways along Park Way and Memorial Drive.

2. Reduce block sizes for future development around Kuykendahl Park & Ride reduce travel distances for pedestrians.

3. Signalized walkways and crossings around the Park & Rides would provide safer pedestrian access.

1. Enhance bike sharing facilities at the Kingwood Park & Ride and throughout Kingwood.

2. Bike sharing facilities at the Park & Rides and in higher intensity, mixed-use areas would promote bicycle use.

How Can We Work Together? Public Realm Improvements

PEDESTRIAN AND BIKE ACCESS ROADWAYS AND SIGNALSPARKING AND OTHER AMENITIES

22

Next Steps and Partnerships

SHORT-TERMMETRO can work with the community, management districts, vendors, and other organizations to share the use of the parking area for social events, such as carnivals, festivals, and promotions during evenings and weekends.

MID-TERMMETRO should identify the fundamental transit needs that must be preserved at each lot to ensure safe and efficient transit operations. This includes:

• Identifying the minimum amount of parking to be maintained to accommodate future demand

• The optimum number of bus bays on the platform • Sufficient bus and automobile access

LONG-TERMMETRO can enter into joint development agreements more easily once the operating parameters are established. Development itself can occur in phases over time, gradually increasing in intensity, but with a clear delineation of transit needs, developers know how much they need to invest to meet their goals without compromising the transit needs of the community.

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