Metro Takes On New Role: Real Estate Developer | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Metro Takes On New Role: Real Estate Developer

Play associated audio
Brookland is one of five stations that Metro officials are looking to develop.
Brookland is one of five stations that Metro officials are looking to develop.

People and jobs are coming to the Washington metropolitan region – no matter how bad the traffic congestion is or how shaky the national economy may appear. The question facing planners is how to deal with the seemingly unstoppable growth in and around D.C.

The answer may lie in building denser: stacking apartments, office space, and shops on top of Metrorail stations; transit-oriented development that allows residents to live, work, and shop without having to step behind the wheel of a car.

Yet busy Metrorail stations remain un- or underdeveloped. Now that the real estate market appears to have recovered, however, the transit authority has announced for the first time in seven years it is soliciting developers to build up multiple properties at rail stations. The five stations are Brookland-CUA, Fort Totten, and Navy Yard (Chiller Plant) in Washington and Grosvenor-Strathmore and Morgan Boulevard in Maryland.

“We actually have the best properties in terms of building next to a Metro. It’s one of the safest investments you can make as a developer or a renter or investor. We feel there will always be a strong demand for development in and around our station,” said Stan Wall, Metro's director of real estate and station planning, in an interview with WAMU 88.5.

The beneficiaries of successful development are potentially wide ranging. For starters, Metro sees the land as an untapped revenue source. The cities or counties where the rail stations stand could expand their tax bases. And future residents of mixed-use projects would have the option of living a car-free or car-light existence.

“The interest in getting mixed use development around all of our suburban stations has been there for quite some time. We’ve been very successful in a number of parts of the region, like the Rosslyn-Ballston corridor,” said Ron Kirby, the director of transportation planning at the Metropolitan Washington Council of Governments.

Market demand is only part of the equation; development will require cooperation among Metro, the developers, and the local jurisdictions.

“Our first step in this process is looking at the area plan that has been developed by the local planning authority... to understand what is the community and local government's desire in terms of density and uses around the stations,” said Metro’s Wall, who said planners also have to consider how to connect each site to bus, walking, and bicycling.

In a statement announcing the solicitation, the transit authority said, “These projects will help achieve WMATA’s Momentum Strategic Plan of ensuring financial stability by generating increased ridership and rental income for Metro, and our goal of improving regional mobility and connecting communities.”

Each site is different, said Kirby, because property surrounding Metro’s various parcels has been developed or re-developed for decades.

“When you start looking at particular locations you have to take into account the characteristics of that particular area: who lives there right now, what kinds of plans the city or county may have for that particular area, and it’s not a one size fits all,” he said. “There may be well-established neighborhoods nearby that don’t lend themselves to a lot of major redevelopment. It’s very much a case by case situation.”

Success might ultimately be measured in empty seats, or the lack of them. Planners want Metro rail cars to be just as filled on their way back from a station as they are on arrival. That may only happen if the aforementioned stations are developed.

“We don’t want to be riding empty seats on Metro. That doesn’t help anybody. It’s very much in each of the jurisdictions interest to get mixed-use development. You don’t want to be solely a bedroom community and you don’t want to be solely a job center. All of the jurisdictions want a good mix. Strategically that is what we need to do,” Kirby said.


How Tinseltown Got Tipsy: A Boozy Taste Of Hollywood History

Mark Bailey, who detailed old Hollywood's legendary love affair with liquor in his book Of All the Gin Joints, shares stories from a bygone era over cocktails at a legendary Hollywood bar.

Want To Enhance The Flavor Of Your Food? Put On The Right Music

Researchers at the University of Oxford have discovered a link between what you taste and what you hear.

North Korea Has An Interesting Offer. And Another Threat

The secretive regime denies any involvement with the Sony Pictures hack and says the U.S. must allow it to help find the real culprit. Or else.

Hollywood Pros Fear A Chilling Effect After Sony Bows To Hackers

Some in the entertainment industry are wondering if they'll have to be careful now about the stories they tell or the jokes they make in the wake of Sony's withdrawal of The Interview.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.