Tr a n s i t - O r i e n t e d Development Economic Opportunities Neighborhood Conser vation Historic Preser vation Environmental Enhancements

COLLEGE PARK RIVERDALE PARK TRANSIT DISTRICT DEVELOPMENT PLAN UPDATE

COMMUNIT Y LISTENING SESSION
05.09.13

C o l l e g e Pa r k / U M D Metro and MARC Station Planned Purple Line stations C o l l e g e Pa r k Airport Anacostia Northeast Branc h L i n s o n Po o l / We l l s Ice Rink Businesses Institutions Surrounding Neighborhoods UMD W M AT A MTA

Prince Georges County Planning Department The Maryland-National Capital Park and Planning Commission (M-NCPPC) In partnership with the City of College Park, the Town of Riverdale Park, and Prince Georges County

AGENDA
Introduction Plan purpose Plan process and expectations 1997 Transit District Development Plan 2002 General Plan and Functional Master Plans ULI TAP and AECOM Study Key topics How to become involved Break-out session Next steps

INTRODUCTION
Prince Georges County Planning Department The City of College Park The Town of Riverdale Park
The Town of Riverdale Park

Consultants
Urban design Transportation Market analysis/implementation

Prince Georges County Planning Department

Prince Georges County

The City of College Park

PLAN PURPOSE
Update the 1997 Approved Transit District Development Plan for the College Park Riverdale Transit District Overlay Zone to:
Capitalize on existing and planned transportation, environmental, and historic assets Establish a flexible, creative, sustainable, and sensitive development framework Identify opportunities for new integrated, pedestrianoriented uses while building upon M Squares reputation as an important research and employment center Create a realistic implementation and phasing plan

PLAN PROCESS AND EXPECTATIONS

How long will the planning process take?
PLANNING PROCESS: 9 MONTHS Kick-off anticipated in early summer (Initiation with District Council scheduled for June 18, 2013) PUBLIC COMMENT: 6 MONTHS Public hearing and approval

What will the process be like?

Intensive Comprehensive Collaborative

1997 TDDP/TDOZ PLAN

What is a TDOZ?
TRANSIT DISTRICT OVERLAY ZONE

Creates design standards and guidelines to shape future (re) development around transit stations consistent with the TDDP vision and goals Promotes creativity and flexibility Outlines clear and consistent development review and public involvement process

1997 TDDP/TDOZ PLAN

What is a TDDP?
TRANSIT DISTRICT DEVELOPMENT PLAN

Helps guide and coordinate development around transit stations Encourages transit use Promotes an integrated mix of uses Expands local and county tax base Enhances connectivity and safety Fosters a walkable environment Creates oppor tunities for new public and open spaces

1997 TDDP PLAN: BOUNDARY

AREA: TRANSIT

AREA: PARKLAND

AREA: MUNICIPALITIES

CITY OF COLLEGE PARK

TOWN OF RIVERDALE PARK

2002 GENERAL PLAN

Three levels of development centers:
Metropolitan Regional Community

General Plan Update

2002 GENERAL PLAN

College Park/UM Metro Metropolitan Center Located between Greenbelt Metro (Metropolitan Center) and Prince Georges Plaza Metro (Regional Center)

FUNCTIONAL MASTER PLANS

Green Infrastructure Transportation Public Safety Facilities Historic Sites and Districts Water Resources Parks and Recreation

ULI TECHNICAL ASSISTANCE PANEL

Sponsored for the College Park Station Area by the City of College Park (May 2008) Purpose:
Provide the City of College Park with recommendations on the highest and best use of parcels near the Metro station. Provide planning and design guidance for these parcels. To provide the City of College Park with strategies on how to proceed with the redevelopment of these sites.

ULI TAP: SITE OPPORTUNITIES

Proximity to Metro/Marc/trails/airport Adjacent to World Class University Leveraging growth and technology in research facilities Limited number of land owners Uniqueness of Aviation Facilities/ Museum Access to Open Space / Recreation Significant amount of study area in public control

ULI TAP: SITE CONSTRAINTS

Limited existing amenity base

Lack of connectivity to local neighborhoods Floodplain issue Zoning doesnt allow true mixed use (residential) Not currently pedestrian oriented

ULI TAP: MARKET POTENTIAL

Provides TOD opportunities in College Park/Prince Georges County Capitalizes on M Square and university-related development nearby Provides complimentary residential/office/hotel/retail uses Fills a need for walkable retail/services Provides needed amenities for Aviation museum Introduces theme oriented public space Access to recreational opportunities/open space

ULI TAP: PHYSICAL DESIGN PRINCIPLES

LEED ND Development Resolving River Road Extension Increased visibility for museum Viable street organization that can support a variety of uses Above-grade screened structured parking Connections to trails and adjacent development and neighborhoods Active public gathering plazas Human-scaled development that respects FAA requirements

ULI TAP: SCENARIO 1

ULI TAP: SCENARIO 2

ULI TAP: CONCLUSIONS

Work closely with WMATA to realize joint development strategy of mixed-use development at Metro station Promote tourist-related development in the area Develop visitor amenities, such as hotels, restaurants and entertainment Promote or support heritage-related events and attractions

ULI TAP: CONCLUSIONS (CONT.)

Implement wayfinding sign systems Work with developers to provide a variety of housing options for professionals Attract new retail and entertainment for students and faculty Increase the number of high-tech and professional jobs within the city

AECOM STUDY: COLLEGE PARK METRO

STATION TOD MARKET ANALYSIS
Sponsored by National Capital Region Transportation Planning Board (May 2013) Purpose:
Identify & measure sources of demand for various development programs Measure expected market support for residential, office & retail uses Recommend a development program Update/review 2008 ULI Technical Assistance Panel Report

AECOM STUDY: REAL ESTATE MARKET

OVERVIEW RESIDENTIAL
Significant supply of new multi-family rental units in MSA Performance of The Domain at College Park to be gauge of support for marketrate rentals Moderate sales pace at Hyattsville Arts District townhomes Slow sales of condos at University Town Center (particularly higher-priced units)

AECOM STUDY: REAL ESTATE MARKET

OVERVIEW RESIDENTIAL
600 500
Annual Units Sold

400
300 200 100 0 < $200k $200k $400k $400k $600k $600k $800k $800k + < $200k $200k $400k $400k $600k $600k $800k $800k +

Single Family Units 2010 2011

Attached Units

New Homes Sales, Prince Georges County, 2010-11

AECOM STUDY: REAL ESTATE MARKET

OVERVIEW COMMERCIAL OFFICE
Likely minimal demand for speculative space near-term due to high vacancy of existing Class A (19.8%) Approximate rent of $30 per square ft. required for new construction. Current Class A rents approximately $21.34 in County College Park performs better than county-wide office market w/ higher rents on average

AECOM STUDY: REAL ESTATE MARKET

OVERVIEW COMMERCIAL OFFICE
800,000 24%

RBA Delivered / Absorbed (Sq. Ft.)

600,000

18%

200,000

6%

0%

(200,000)

-6%

(400,000)

-12%

2003

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2004

2005

2006

2007

2008

2009

2010

2011

Deliveries

Absorption

Vacancy Rate

Office Deliveries, Absorption & Vacancy Rates, Prince Georges County, 1993-2012

2012

Vacancy Rate

400,000

12%

AECOM STUDY: REAL ESTATE MARKET

OVERVIEW RETAIL
Retail vacancies in College Park are relatively low (6.45%); rents reported reasonable by operators M Square & on-site employees likely to drive demand in the study area. In-building cafeterias limit capture of dining expenditures Subsidy may be required to establish adequate retail mass at study site; retail amenity a driver of residential absorption

AECOM STUDY: DEVELOPMENT

PROGRAM CONSIDERATIONS
Near-term opportunities in residential with retail and limited office space
The Domain & Fairfield/Manekin projects will likely absorb significant portion of demand for market rate rentals. Quality, timing, and pricing of residential developments at Cafritz and South Core at Greenbelt Metro may have impact on for-sale products.

Treat retail as a supporting amenity for residential and office development Use master developer for successful phasing and cohesive development

AECOM STUDY: SUPPORTABLE

DEVELOPMENT PROGRAM (2013-2023)
RESIDENTIAL: 314 units
For-sale Townhomes 150

For-sale Multi-family
For-rent Multi-family

60
104

OFFICE: 125,000 square feet RETAIL: 32,000 square feet

Food & Beverage Health & Personal Care 6,500 3,600

Shoppers Goods
Restaurant (full service) Restaurant (ltd. service)

7,200
7,100 7,600

KEY TOPICS
Ensure the continued operation of College Park Airport Increase transit use, particularly of Metro and the future Purple Line Preserve and enhance environmental features Traffic concerns and multimodal accessibility to transit assets Scale and mix of uses Maximize the potential for appropriate transit -oriented development Respect the history of the area Neighborhood preservation and transitions Role of parks and recreation

BECOME INVOLVED!
Participate in upcoming meetings Invite us to attend your local meetings Sign up to receive our news updates and e-mails Visit our website (www.pgplanning.org) Attend and testify during public hearings Send us your thoughts and suggestions Provide your contact information

BREAK OUT SESSIONS

Were here to learn from YOU

Format and ground rules Select a reporter Report back to the group

NEXT STEPS
Planning Board Initiation
Goals, Concepts, and Guidelines Public Participation Program

District Council Initiation Additional Community Meetings

CONTACT US!

Chad Williams, Project Manager

chad.williams@ppd.mncppc.org 301-952-3171

Hyojung Garland
hyojung.garland@ppd.mncppc.org

Tamara Jovovic
tamara.jovovic@ppd.mncppc.org