{"id":1434,"date":"2017-02-28T00:00:00","date_gmt":"2017-02-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/transit-hubs-are-they-the-new-mall\/"},"modified":"2017-02-28T00:00:00","modified_gmt":"2017-02-28T00:00:00","slug":"transit-hubs-are-they-the-new-mall","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/transit-hubs-are-they-the-new-mall\/","title":{"rendered":"Transit Hubs: Are They the New Mall?"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

<\/p>\n

Developers are pouring billions of dollars into giving facelifts to some transit hubs across the country. These improvements are not for expanding traveler capacity but to make these hubs more eye-catching and give commuters a reason to hang out and not just pass through. They’re mixing in dining, retail, event offerings, and even the chance to live there.<\/p>\n

\n

Housing’s Transit-Oriented Boom<\/strong><\/p>\n

No Parking, No Problem<\/span><\/p>\n

Americans Will Pay More to Live Near Transit<\/span><\/p>\n

Study: Homes Near Public Transit Worth More<\/span><\/p>\n<\/blockquote>\n

Developers believe that traditional rail and light rail station segments can spur development in an area while also \u201cconverting the old-time train station into a destination itself,\u201d ConstructionDive reports.<\/p>\n

Redeveloping and changing the perception of transit hubs will draw people in to shop and socialize, even when they\u2019re not taking a trip, says real estate<\/a> attorney B.A. Spignardo of Shapiro Lifschitz & Schram in Washington, D.C.<\/p>\n

Major transit hubs like Union Station in Washington, D.C., Pennsylvania Station in New York, and 30th Street Station in Philadelphia are devoting billions of dollars to make over their transit hubs into bigger destinations. In D.C.\u2019s Union Station, Amtrak announced last year that it plans to build a $50 million concourse, which will also include a 3-million-square-foot mixed-use complex called Burnham Place that will provide residential, retail, and commercial space above the station.<\/p>\n

Last year, Amtrak also proposed a $6.5 billion upgrade to Philadelphia\u2019s 30th Street Station, which would include the creation of a \u201cdense urban neighborhood.\u201d Also, a $1.6 billion, 255-square-foot renovation is slated of the James Farley Post Office to turn it into a transit hall for Pennsylvania Station in New York. Developers are looking to preserve the historical look of the existing structure while also adding in modern features for commuters. The Moynihan Hall is to be completed by 2020 and will feature 112,000 square feet of retail and 588,000 square feet of office space.<\/p>\n

Source: \u201cFull Steam Ahead: Why Transit Hub Development Is Seeing a Resurgence,\u201d ConstructionDive (Feb. 23, 2017)<\/em><\/p>\n<\/div>\n

[ad_2]
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Developers are pouring billions of dollars into giving facelifts to some transit hubs across the … Transit Hubs: Are They the New Mall?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1435,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,1399,41,818,84,15282],"class_list":["post-1434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-development","tag-property","tag-real","tag-real-estate","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/cIBZGscZeDs","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3954,"url":"https:\/\/amazingproperty.com.ng\/blog\/tech-jobs-take-blame-for-overpriced-housing\/","url_meta":{"origin":1434,"position":0},"title":"Tech Jobs Take Blame for Overpriced Housing?","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"Tech is one of the nation\u2019s largest growth industries, but communities that bring these often high-priced jobs to their area are finding that it\u2019s bidding up home prices. As more areas hope to become the next Silicon Valley,\u00a0some community planners are encouraging cities to take action to make sure they\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8025,"url":"https:\/\/amazingproperty.com.ng\/blog\/developer-unfolds-n4-billion-living-spring-business-city-in-osun-state\/","url_meta":{"origin":1434,"position":1},"title":"Developer unfolds N4 billion Living Spring Business City in Osun State","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"An illustration of the proposed Living Spring Business City (LSB) project With the economy showing slight improvement, a new player has announced plans to venture into a mixed development christened Living Spring Business City (LSB) project. The project comes with a mix of international market and residential estates, combines different\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Market Project.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Market-project.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Market-project.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Market-project.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Market-project.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Market-project.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8044,"url":"https:\/\/amazingproperty.com.ng\/blog\/torontos-traffic-congestion-realtors-seek-solutions\/","url_meta":{"origin":1434,"position":2},"title":"Toronto's Traffic Congestion: REALTORS Seek Solutions","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"Traffic congestion, overcrowded public transit and Toronto's Land Transfer Tax are combining to make life more difficult for the region's residents -- and costing them millions of dollars, REALTORS\u00ae attending a Toronto Real Estate Board (TREB) event were told recently.\r \r The board reached out to local governments and policymakers\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1143b7c1f062323f43b69877da74967f S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1143b7c1f062323f43b69877da74967f_S.jpg?fit=424%2C273&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7549,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-buyers-will-give-up-for-walkability\/","url_meta":{"origin":1434,"position":3},"title":"What Buyers Will Give Up for Walkability","author":"Amazing Property","date":"December 20, 2017","format":false,"excerpt":"Living in areas that are close to shops and restaurants is becoming increasingly attractive for both young and older generations, according to the 2017 National Community and Transportation Preference Survey conducted by American Strategies and Meyers Research on behalf of the National Association of REALTORS\u00ae. Researchers polled 3,000 adults from\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Dec16 Dn 2017communitypreference.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/dec16_DN_2017CommunityPreference.jpg?fit=640%2C823&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/dec16_DN_2017CommunityPreference.jpg?fit=640%2C823&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/dec16_DN_2017CommunityPreference.jpg?fit=640%2C823&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4572,"url":"https:\/\/amazingproperty.com.ng\/blog\/future-proofing-canadian-cities\/","url_meta":{"origin":1434,"position":4},"title":"Future Proofing Canadian Cities","author":"Amazing Property","date":"May 15, 2017","format":false,"excerpt":"Self-driving cars. Automated driverless buses. HOV lanes with hundreds of vehicles speeding down them just one foot apart. Warehouses that are several storeys high, with access to tractor trailers on all levels. Empty parking garages being converted into self- storage facilities.\r \r These are just some of the things that\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/d24559025203d6bfea098ff9c4dc2480_M.jpg?fit=300%2C232&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8612,"url":"https:\/\/amazingproperty.com.ng\/blog\/land-of-honey-city-development-broaches-new-housing-deal\/","url_meta":{"origin":1434,"position":5},"title":"\u2018Land of Honey\u2019 city development broaches new housing deal","author":"Amazing Property","date":"April 30, 2018","format":false,"excerpt":"The masterplan for the Land of Honey City Development in Gude, Abuja A comprehensive new plan unveiled last week to reverse the growing decline in the nation\u2019s housing stock in the Federal Capital Territory, is promising an ambitious new deal for a fresh town project within the Gude district of\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Masterplan.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Masterplan.jpg?fit=1200%2C760&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Masterplan.jpg?fit=1200%2C760&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Masterplan.jpg?fit=1200%2C760&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Masterplan.jpg?fit=1200%2C760&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Masterplan.jpg?fit=1200%2C760&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1434"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1434\/revisions"}],"predecessor-version":[{"id":90709,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1434\/revisions\/90709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1435"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}