Downtown Plano. Creating a Transit Village

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Prosper Logan
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1 Downtown Plano Creating a Transit Village

2 Residential Growth Pattern Downtown Plano

3 Plano 1891

4 Plano 1971

5 Downtown Plano

6 Downtown Plano

7 Avenue J

8 Avenue J

9 Summary of Problems Eroding economic position Physical decline and blight Absentee and fragmented ownership Limited hours of operation Disconnected from surrounding neighborhoods

10 Downtown Vision Transform downtown into a compact, mixed-use, urban center consistent with the principles of new urbanism and transit oriented design to enhance the community s quality of life and provide a model for sustainable development within a maturing suburban city. Link downtown and surrounding neighborhoods to create a transit village and stimulate area revitalization.

11 Transit Village Strategy ¼ mile radius Locate/design LRT platform to maximize benefits Develop transportation linkages and parking programs Redevelop key sites adding 1,000 dwelling units and 50,000 sq. ft. retail use Reinforce downtown as an arts district Expand park & streetscape improvements Preserve historic buildings Provide incentives for reinvestment

12 Redevelopment Block 1 Redevelopment Block 1 DART Platform City Hall Historic Main Street

13 Plano/Amicus/DART Partnership Acquired & leased site to Amicus, built infrastructure, increase density, waived fees. Public involvement, financing, lease escalator tied to NOI, community room at discounted cost. Approved platform location, exchanged land for infrastructure, expedited platform construction.

14 Eastside Village Site Area: 3.6 acres Building Size: 245,000 Square Feet Use: Retail 15,000 Square Feet 234 Apartments Start: November 9, 2000 Finish: December 31, 2001

15 Eastside Village

16 Transit Village

17 Before and After

18 Eastside Village at Avenue K

19 Eastside Village Leasing Office

22 Redevelopment Block 2 Historic Main Street

23 Plano /Amicus Partnership Conveyed 1.1 acres to Amicus in exchange for 100 parking spaces, provided $800,000 for public infrastructure, waived selected development fees. Public involvement, provided financing.

24 Transit Village Phase II Site Area: 3.3 acre Building Size: 245, 000 Square Feet Use : Retail 25,000 Square Feet 229 apartments. Start: September 1, 2001 Finish: December 31, 2002

27 Eastside Village II

28 Eastside Village II

29 15 th Street Village New Infill Housing in Historic Downtown Plano

30 15 th Street Village DART

31 15 th Street Village 34 Town Homes 90 Condominiums

32 Plano/Howe Partnership 2-Year Option to Purchase at $11 per sq.ft., Subject to: Acquisition of Other Properties, Zoning and Plan Approval & Substantial Completion of 50 Units Developer Responsible for Infrastructure Construction, and Eligible for$100,000 General Cost Reimbursement and $24,000 Parking Cost Participation City Responsible for Reconstruction of 15 th Street Eligible for Fee Waivers and Reimbursements

33 Area Benefits Realization of Downtown Housing and Design Goals 120+ Units of For Sale Housing Redevelopment of 4 Acres of Underutilized Land Strengthening of 15 th Corridor Expanded Tax Base $20,000,000

34 Additional Programs Public Parking Expansion and Management Linking Transit Service Community Arts Haggard Park Expansion and Improvement Neighborhood Empowerment Zone Tax Increment Financing

35 Downtown Parking Reduced Required Parking Increased Public Parking Eastside I 102*Spaces Eastside II 103 Spaces New Surface Lots 349 Spaces 4 Hour Parking Limitation

36 DART Trolley

37 Plano Courtyard Theater

38 Eastside TIF District 1999 Base Value $328 M 2003 Est.Value $451 M 15 Year Revenue $20+ M

39 Business Expansion

40 Building Restoration

41 DART Service Begins

42 DART is Fun!

43 DART LRT Weekday Ridership Stations Projected 2010 Actual Parker Road 5,196 5,088 Downtown 900 1,116 Bush 1,770 1,080 Total 7,866 7,284

44 Downtown Accomplishments Vision, Plan, Program 490K Sq.Ft. New Dev. $34M 465 Apts. 40K Sq.Ft. Com. Dev. 134 For Sale Units Proposed 325 Seat Courtyard Theater Improved Park/Streetscape Rail and Bus Service Small Business Investment $120M+ Tax Base Expansion

45 Continuing Efforts Cox Building Restoration and Reuse 15 th Street Reconstruction Ave. K Street Calming Hike & Bike Trail Development Infill Housing

46 Creating People Places

47 Celebration of Community

48 Downtown Plano: A Transit Village Reborn

Downtown Plano: Creating A Transit Village Frank F. Turner, FAICP

Downtown Plano: Creating A Transit Village Frank F. Turner, FAICP Not long ago, downtown Plano was the nearly forgotten commercial center of a farming community displaced by metropolitan expansion. Today,