After all the delays, law suits and speculation, the question is no longer whether rail is going to move forward but rather to understand and maximize the potential benefits of Transit-Oriented Development aka TOD. Simply put, TOD is development that focuses on land uses around a transit station or within a transit corridor.
PRINCIPLES OF TRANSIT-ORIENTED DEVELOPMENT
- Diversity of land uses
- Mixed use development encouraged
- Higher levels of density appropriate to the community
- Mix of housing options and dedicated affordable housing
- Intermodal connectivity including pedestrian, bikes and buses
- Green infrastructure and open space
- Low parking requirements and alternatives to car ownership
- High quality design and strong sense of place and culture
The approach of the City and County of Honolulu has shifted over the past year or so from using concentric rings at ¼ mile and ½ mile around a transit station to outline TOD impacted areas. Now the approach is to identify TOD Zones that are more organic and specific to each station. This corridor-wide TOD Zone will be known as the TOD Special District and will eventually be governed by special zoning regulations similar to what we see in Waikiki. At present, there are special IPD-T (Interim Planned Development-Transit) guidelines available to encourage TOD in these areas now.
ON THE GROUNDA remarkable transformation is taking place right now in West and Central Oahu as the rail project sweeps across the Ewa Plain into Waipahu and on to Pearl City and, sooner than you expect, to Ala Moana Center. The columns are rising and the guide way is forming while residents of communities along the route anticipate the day when they can ride the rail. Forward thinkers are deeply immersed in re-imaging what our communities will look like in five years, 10 years, 20 years and well beyond. Given that 60% of Oahu’s population lives along the rail corridor, the opportunities for shaping the future of how we live, work and connect are significant and worth serious discussion and consideration.
WORK IN PROGRESS
It is good to keep in mind that the entire TOD process is truly a work in progress. This is a once-in-a-lifetime opportunity for individuals and groups to have a significant impact on shaping the future of the community. Our Colliers TOD team has been impressed with the willingness of the DPP-TOD group to engage, share and listen.
COLLIERS TOD TEAM
Backed by our National Director, Rod Mullice, the local Honolulu TOD team provides a wide range of services to owners, investors and developers. Our Strategic Advisory Services include Opportunity Analysis, Transaction Management Process, Capital Markets and Brokerage.
Please contact us for further information.
Colliers Honolulu TOD Team
Transit-Oriented Development | Industrial
Ryan Marn (CCIM)
Transit-Oriented Development | Retail
Mark Bratton (CCIM, SIOR)
Executive Vice President
William “Bill” Froelich (CCIM, SIOR, JD)
Investment Services | Industrial
Director of Consulting and Research
Nanette M. Vinton
Research Consultant/Project Manager