Management & Operations

MARTA strikes public-private partnership to build pedestrian bridge

Posted on December 2, 2019

MARTA and real estate investment firm Simpson Organization finalized an agreement to build a pedestrian bridge connecting the Medical Center rail station to Peachtree Dunwoody Pavilion, which is being converted from a typical suburban office complex with acres of surface parking lots to a denser mixed-use development.

The agreement marks MARTA’s second project working with a private developer in the Perimeter market to provide direct transit access to a building. In 2017, MARTA worked with State Farm to connect its 8,000-employee southeastern headquarters to the Dunwoody MARTA station.

In recent years, MARTA — in response to demand from property owners for better connectivity — has been advancing transit adjacent development (TAD) opportunities. TADs are development or redevelopment projects on land owned by others, but adjacent to an existing transit station or bus stop. Upon completion, the redeveloped Peachtree Dunwoody Pavilion, now an existing office park situated on Peachtree Dunwoody Road in Atlanta, will be a 1.1 million square foot mixed use development consisting of office and residential space, a hotel, and parking space — all conveniently connected to transit.

A 2018 report from Cushman Wakefield, “The Growing MARTA Market,” reported that office rents at buildings within a half mile of a transit station were 24% higher than the overall Atlanta market. MARTA’s Office of Transit Oriented Development is leveraging private developers’ interest in development at and near MARTA facilities to increase ridership and contribute to the vibrancy of surrounding communities.

The redevelopment project began in early 2019. Construction on the pedestrian bridge will begin in June 2020, with completion anticipated in late September of 2020.

View comments or post a comment on this story. (0 Comments)

More News

Chicago Transit Authority to triple digital advertising network

New contract will generate up to $247.5M in revenues for agency over next five years.

DeMartino steps down as CEO of San Joaquin RTD

Has accepted the position of managing director of rail agency that manages Amtrak's Pacific Surfliner intercity passenger rail service.

Public transit ridership up for third quarter of 2019: APTA

This includes a rise of 5.46% for heavy rail, 4.38% for commuter rail systems, and 0.59% for all bus systems.

InfraStrategies LLC adds principal consultant to team

Sophie Guiny joins the team as an exceptionally accomplished transportation infrastructure funding and financing expert and will be based in the Washington, D.C. office.

MTS delivers $1B in annual value to San Diego region, report finds

The report concludes that every dollar of public investment returns $2.82 in the form of jobs, infrastructure investment, productivity gains, environmental benefits, and money saved by riders.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation