04-02-2019 Sound TransitFederal Way City Council Special Meeting
April 2, 2019
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Tonight’s Topics
Potential Surplus Property as part of Federal Way Link Extension
What is Surplus property?
What is Transit-Oriented Development (TOD)?
TOD project development process
TOD at Federal Way Transit Center station
Council Questions/Discussion
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What is Surplus Property?
Sound Transit may designate property that it no longer needs for a transit purpose as ‘surplus.’
ST only acquires property to build and operate the transit system
Once construction of a transit project is complete, the agency may have property that is no longer needed for a transit purpose
Sound Transit’s Board of Directors may designate this property ‘surplus’
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TOD is a land development pattern that integrates transit and land use by promoting transit ridership while supporting community land use and development visions. TOD strategies focus
urban growth around transit facilities and leverage transit investments to help produce regional and local benefits.
Capitol Hill TOD, Developer rendering
What is Transit-oriented development (TOD)?
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Types of TOD
“Agency TOD”
Engage private, public, and non-profit partners in redevelopment of surplus Agency property or delivery of joint use facilities.
“Community TOD”
Coordinate with and support planning and development activities within ½ mile of station areas.
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Sound Transit & TOD
Implement a regional equitable TOD strategy to create diverse, vibrant, mixed use and mixed income communities adjacent to Sound Transit stations.
Strive to complete TOD as transit service begins, with consideration for the agency’s property needs.
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Sound Transit TOD Policy – Updated 2018
RCW 81.112.350
80/80/80
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TOD developer selection process
Negotiated agreements
Entitlements and permitting
TOD construction
Develop
TOD analysis: technical evaluation, programmatic scenario analysis
Equitable engagement
Implementation strategy
Transit project development
Station area planning
Environmental assessment
Define
Assess
Transit project Locally Preferred Alternative, with station locations
Key goals, requirements, and pricing for RFP
TOD delivered, reflecting Agency, City, and community goals
City partnership and engagement ongoing throughout process
Typical Phases in TOD Development Process
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Example: Senior City
Key facts
Key facts
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Example: Mercy Othello
Key facts
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Key facts
Entitlements resulting from implementation process
Integrated project
6.5+ acre site adjacent to OMF East
Mixed-use (office, retail, housing)
Mixed income
City & ST partnership
MOU (2015) & Implementation Agreement (2016)
Master Development Plan (2017-2018): legal description & development entitlements
City staff participation in TOD RFP process (2018-2019)
Office: ~660,000 GSF
Market-rate residential: ~320 units
Affordable residential: ~130 units
Station
Example: OMF East
Operations and maintenance facility
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TOD at FWTC Station
Sound Transit is committed to collaborating with the City to define
TOD opportunities.
Vision and goal development
Strategies to achieve mixed-use, mixed-income development
TOD Request for Proposals (RFP)
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Complete
Develop
Define
Assess
12-18 mo.
12 mo.
12 mo.
15 mo.
18 mo.
Early exploration of development outcomes in station area
TOD RFP solicitation and negotiation
TOD substantial completion
TOD construction
TOD design, financing and permitting
Due diligence and engagement on surplus property TOD goals
TOD Implementation strategy
Suitability/ offering strategy/ defined goals
Negotiation complete and development partner(s) selected
Permits issued and ready; project financed
City staff involvement in TOD implementation
Conceptual TOD Implementation Process
Transit project development
Station area planning
Environmental assessment
Phase complete
Future Phase
Future Phase
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Next Steps for TOD in at FWTC Station
Continue engagement with stakeholders throughout project delivery
Maintain flexibility: No “one-size-fits-all” solution; must consider the full context of each property
Prepare TOD site(s) for development
Explore development outcomes, prepare TOD implementation strategy
Development offering strategy
TOD RFP, Design, Permitting
TOD Construction
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Questions
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Federal Way Link Extension
Project overview
Extends from Angle Lake to Federal Way Transit Center
Four new stations
Expected to open in 2024
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