Weekly Daily Entries - · PDF fileber of major downtown attractions including the Georgia...

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MARTA Research & Analysis 2016 Transit Oriented Development DOME/GWCC/PHILLIPS ARENA/CNN CENTER STATION AREA PROFILE Area Demographics at 1/2 Mile Populaon 2012 2,342 % Populaon Change 2000-2012 45% % Generaon Y (18-34) 34% % Singles 82% Housing Units 1,274 Housing Density/Acre 2.5 % Renters 68% % Mulfamily Housing 87% Median Household Income $25,979 % Use Public Transit 24% Business Demographics Employees 70,977 Avg. Office Rent Per SF $14.00 Avg. Retail Rent Per SF $15.80 Avg. Apartment Rent (1-mile) $998.00 Sources: Bleakly Advisory Group, 2012. 100 Techwood Drive, NW Atlanta, GA 30303 Dome/GWCC/Phillips/CNN Staon is a heavy rail transit facility located in downtown Atlanta, near the center of Fulton County on MARTA’s Blue and Green Line. The staon has two entranc- es; one at the foot of the Georgia Dome and the other at Philips Arena. These entrances provide easy, walkable access to a num- ber of major downtown aracons including the Georgia Dome, Georgia World Congress Center, Philips Arena, CNN Center, Centennial Olympic Park, Georgia Aquarium, and the World of Coca Cola. The MARTA Transit Oriented Development Guidelines classify Dome/Georgia World Congress Center/Phillips Arena/CNN Cen- ter staon as a Special Regional Desnaon staon. The Guide- lines present a typology of staons ranging from Urban Core staons, like Peachtree Center in downtown Atlanta, to Collec- tor staons - i.e., end of the line auto-commuter oriented sta- ons such as Indian Creek or North Springs. This classificaon system reflects both a staon’s locaon and its primary func- on. Daily Entries: 2,462 Parking Capacity: N/A Parking Ulizaon:* N/A Staon Type: Subway Total Land Area No Excess Land Available STATION ESSENTIALS MARTA Research & Analysis 2016 *Data is not gathered if below 100 spaces. 2,379 1,881 2,462 FY13 FY14 FY15 Weekly Daily Entries 1. Atlanta Falcons/Mercedes Benz Stadium, Georgia World Congress Center and Atlanta Falcons— Projected compleon in 2017. 2. Castleberry Park/Hard Rock Hotel, Gallman De- velopment Group LLC/Bolon Atlanta LP — Pro- jected compleon TBD. 200 hotel rooms, 130 apartments, 33,000 SF retail. 3. Homewood Suites/Canopy, Legacy Property Group LLC — Projected compleon TBD. 129 hotel rooms. 4. Georgia Aquarium Expansion— Completed in 2016. 5. Home2 Suites Hilton, Arsenal Capital — Project- ed compleon TBD. Source: Atlanta Business Chronicle 2016 and Central Atlanta Market Dynamics Nearby Planned Development Acvity within 1/2 Mile Radius

Transcript of Weekly Daily Entries - · PDF fileber of major downtown attractions including the Georgia...

Page 1: Weekly Daily Entries -   · PDF fileber of major downtown attractions including the Georgia Dome, Georgia World ongress enter, Philips Arena, NN enter,

MARTA Research & Analysis 2016

Transit Oriented Development

DOME/GWCC/PHILLIPS ARENA/CNN CENTER

STATION

AREA PROFILE

Area Demographics at 1/2 Mile

Population 2012 2,342

% Population Change 2000-2012 45%

% Generation Y (18-34) 34%

% Singles 82%

Housing Units 1,274

Housing Density/Acre 2.5

% Renters 68%

% Multifamily Housing 87%

Median Household Income $25,979

% Use Public Transit 24%

Business Demographics

Employees 70,977 Avg. Office Rent Per SF $14.00 Avg. Retail Rent Per SF $15.80 Avg. Apartment Rent (1-mile) $998.00

Sources: Bleakly Advisory Group, 2012.

100 Techwood Drive, NW Atlanta, GA 30303

Dome/GWCC/Phillips/CNN Station is a heavy rail transit facility

located in downtown Atlanta, near the center of Fulton County

on MARTA’s Blue and Green Line. The station has two entranc-

es; one at the foot of the Georgia Dome and the other at Philips

Arena. These entrances provide easy, walkable access to a num-

ber of major downtown attractions including the Georgia Dome,

Georgia World Congress Center, Philips Arena, CNN Center,

Centennial Olympic Park, Georgia Aquarium, and the World of

Coca Cola.

The MARTA Transit Oriented Development Guidelines classify

Dome/Georgia World Congress Center/Phillips Arena/CNN Cen-

ter station as a Special Regional Destination station. The Guide-

lines present a typology of stations ranging from Urban Core

stations, like Peachtree Center in downtown Atlanta, to Collec-

tor stations - i.e., end of the line auto-commuter oriented sta-

tions such as Indian Creek or North Springs. This classification

system reflects both a station’s location and its primary func-

tion.

Daily Entries: 2,462

Parking Capacity: N/A

Parking Utilization:*

N/A

Station Type: Subway

Total Land Area No Excess Land Available

STATION ESSENTIALS

MARTA Research & Analysis 2016

*Data is not gathered if below 100 spaces.

2,379 1,881

2,462

FY13 FY14 FY15

Weekly Daily Entries

1. Atlanta Falcons/Mercedes Benz Stadium, Georgia World Congress Center and Atlanta Falcons— Projected completion in 2017.

2. Castleberry Park/Hard Rock Hotel, Gallman De-velopment Group LLC/Bolon Atlanta LP — Pro-jected completion TBD. 200 hotel rooms, 130 apartments, 33,000 SF retail.

3. Homewood Suites/Canopy, Legacy Property Group LLC — Projected completion TBD. 129 hotel rooms.

4. Georgia Aquarium Expansion— Completed in 2016.

5. Home2 Suites Hilton, Arsenal Capital — Project-ed completion TBD.

Source: Atlanta Business Chronicle 2016 and Central Atlanta

Market Dynamics

Nearby Planned Development Activity within 1/2 Mile Radius

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LAND USAGE WITHIN 1/2 MILE

Transit Oriented Development

DOME/GWCC/PHILLIPS ARENA/CNN CENTER

DEVELOPMENT OPPORTUNITY

MARTA offers land it owns around its stations (called “Joint Development” lands) through a

Request for Proposals (RFP) or Request for Qualifications (RFQ) process. Developers who

are interested in developing at MARTA stations will need to go through a competitive RFP/

RFQ process prior to contract award. All interested parties should periodically check the

MARTA website where future RFP’s/RFQ’s will be announced, or contact the office of TOD

and Real Estate at (404) 848-5292.

MARTA does not own any excess land associated with this station but rather it has a “Right

of Use” granted by the City of Atlanta and other entities for rail maintenance and staff

parking. Therefore, TOD opportunities by way of joint development are not possible at this

station. However, MARTA encourages transit friendly development around the station on

privately held land.

Sources: MARTA GIS Analysis & Atlanta Regional Commission LandPro

Zoning SPI-1 Sub Area 1

Available Air Rights N/A

DEVELOPMENT DATA

DOME/GWCC/PHILLIPS ARENA/CNN CENTER

STATION

Georgia Dome/Phillips Arena/

CNN Center MARTA

Georgia Dome

Atlanta Falcons/ Mercedes

Benz Stadium

Phillips

Arena

Aerial of development around station

Photo: Google Earth

Photos: Transformation Alliance

SURROUNDING DESTINATIONS