FIRST COAST COMMUTER RAIL TOD STUDY | TOD VISIONING
FIRST COAST COMMUTER RAIL TOD STUDY | TOD VISIONING
342
343
1. BASELINE SCENARIO In a baseline scenario, the vertical development capacity is allocated between multifamily, office, and retail in line with existing market conditions in the station area, as shown in Table 5-2.
2. LOW TOD SCENARIO This scenario captures how transit increases a station areas’ demand for real estate. Based on the market typology of the stations, the development capacity was increased for the determined “TOD typologies” by increasing density of the developable sites, therefore increasing FAR. This scenario is depicted in Table 5-3
3. HIGH TOD SCENARIO This scenario captures how a comprehensive TOD strategy would increase demand capacity for determined TOD typologies. The increase is reflected in a higher achievable density that leads to capturing a higher percentage of the real estate demand of the submarket of each station as summarized in Table 5-4.
Multifamily Units
Implied FAR
Multifamily Units
Implied FAR
Multifamily Units
Implied FAR
Office GSF Retail GSF Total GSF
Office GSF Retail GSF Total GSF
Office GSF Retail GSF Total GSF
JRTC
JRTC
JRTC
1,400
910,000
180,000
2,450,000
3.8
1,500
1,050,000
200,000
2,760,000
4.3
1,700
1,190,000
220,000
3,070,000
4.8
BAYMEADOWS
BAYMEADOWS
BAYMEADOWS
700
170,000
150,000
990,000
1.7
700
180,000
150,000
1,070,000
1.9
800
190,000
150,000
1,160,000
2.0
AVENUES WALK
AVENUES WALK
AVENUES WALK
1,200
290,000
260,000
1,720,000
1.7
1,300
290,000
260,000
1,850,000
1.8
1,400
290,000
260,000
1,990,000
2.0
CR 210
CR 210
CR 210
2,400
260,000
140,000
2,760,000
1.5
2,600
260,000
140,000
3,020,000
1.6
2,900
260,000
140,000
3,280,000
1.8
PALENCIA
PALENCIA
PALENCIA
1,400
70,000
100,000
1,560,000
1.1
1,500
70,000
100,000
1,710,000
1.2
1,700
70,000
100,000
1,870,000
1.3
KING STREET
KING STREET
KING STREET
600
70,000
120,000
810,000
1.2
700
70,000
120,000
880,000
1.3
800
70,000
120,000
950,000
1.4
SR 312
SR 312
SR 312
800
170,000
40,000
970,000
1.8
800
260,000
40,000
1,140,000
2.1
700
80,000
40,000
800,000
1.5
9,100 Units
10,100 Units
2,090,000
1,010,000
12,260,000
2,330,000
1,030,000
13,460,000
8,400 Units
1,850,000
990,000
11,090,000
Multifamily
Office
Retail
Multifamily
Office
Retail
Multifamily
Office
Retail
Low High
Low High
Low High
Low High
Low High
Low High
Low High
Low High
Low High
JRTC
JRTC
JRTC
30 - 35% 25 - 30% 25 - 30% 20 - 25% 55 - 60% 45 - 50%
30 - 35% 25 - 30% 25 - 30% 20 - 25% 55 - 60% 45 - 50%
35 - 40% 30 - 35% 35 - 40% 25 - 30% 65 - 70% 55 - 60%
BAYMEADOWS
BAYMEADOWS
BAYMEADOWS
20 - 25% 15 - 20% 5 - 10% 5 - 10% 25 - 30% 20 - 25%
20 - 25% 15 - 20% 10 - 15% 5 -10% 25 - 30% 20 - 25%
25 - 30% 20 - 25% 10 - 15% 5 - 10% 25 - 30% 20 - 25%
AVENUES WALK
AVENUES WALK
AVENUES WALK
35 - 40% 30 - 35% 15 - 20% 10 - 15% 45 - 50% 35 - 40%
35 - 40% 30 - 35% 15 - 20% 10 - 15% 45 - 50% 35 - 40%
40 - 45% 35 - 40% 15 - 20% 10 - 15% 45 - 50% 35 - 40%
CR 210
CR 210
CR 210
75 - 80% 60 - 65% 10 - 15% 10 - 15% 25 - 30% 20 - 25%
80 - 85% 65 - 70% 10 - 15% 10 - 15% 25 - 30% 20 - 25%
90 - 95% 75 - 80% 10 - 15% 10 - 15% 25 - 30% 20 - 25%
PALENCIA
PALENCIA
PALENCIA
30 - 35% 25 - 30% 65 - 70% 15 - 20% 50 - 55% 40 - 45%
30 - 35% 25 - 30% 65 - 70% 15 - 20% 50 - 55% 40 - 45%
35 - 40% 30 - 35% 65 - 70% 15 - 20% 50 - 55% 40 - 45%
KING STREET
KING STREET
KING STREET
15 - 20% 10 - 15% 65 - 70% 15 - 20% 60 - 65% 50 - 55%
15 - 20% 10 - 15% 65 - 70% 15 - 20% 60 - 65% 50 - 55%
15 - 20% 10 - 15% 65 - 70% 15 - 20% 60 - 65% 50 - 55%
SR 312
SR 312
SR 312
15 - 20% 10 - 15% 75 - 80% 20 - 25% 20 - 25% 15 - 20%
15 - 20% 10 - 15% 100%+* 45 - 50% 20 - 25% 15 - 20%
15 - 20% 10 - 15% 100%+ 70 - 75% 20 - 25% 15 - 20%
Table 5-2: BASELINE DEVELOPMENT PROGRAM AND CAPTURE RATE OF LOW AND HIGH DEMAND PROJECT FOR THE SUB MARKET
Table 5-3: LOW TOD DEVELOPMENT PROGRAM AND CAPTURE RATE OF LOW AND HIGH DEMAND PROJECT FOR THE SUB MARKET
Table 5-4: HIGH TOD DEVELOPMENT PROGRAM AND CAPTURE RATE OF LOW AND HIGH DEMAND PROJECT FOR THE SUB MARKET
FCCR TOD STUDY
Made with FlippingBook - Share PDF online