Trends favor renewed interest in transit-oriented development

Senior editor Eugene Gilligan at Commercial Property News reports that a panel at the Multi-Housing World Conference in Denver took up the topic of transit-oriented development Sept. 19, concluding that a number of factors -- changing tastes, gas prices and commute woes -- are forcing developers to turn away from sprawl and focus instead on sustainability and creating livable neighborhoods. With mass transit gaining ground even in car-centric Los Angeles and sustainability a key selling point for many projects, builders are finding new impetus to work through the resistance to denser occupancy rates and unnecessary parking space requirements that typically work against transit-oriented developments. Panel: Bright Future for Transit-Oriented M-F Developments