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I recently made several posts referencing Transit Oriented Developments (a/k/a TOD's).  A TOD is a development project (usually mixed use or residential that is adjacent or in very close proximity to mass transit (usually rail, such as DART Rail).

 

Perhaps Dallas has never had a lot of TOD oriented projects until recently because the Metroplex's historical method of mass transit has been the less than glamorous bus.  But as DART Rail ridership continues to grow, the network expands and gas prices rise to historically high levels, so have the number of TOD's in Dallas (developments such The West Village, the Mockingbird Station complex and the upcoming Lake Highlands Town Center). 

And now the trend spreads even further out from Dallas.  Construction has begun on 5th Street Crossing at Garland Station.  Due to Open in August of next year, the mixed use development will have 189 residential units, ground floor retail establishments and a 400 space parking garage.  

As gas prices continue to rise and commuting becomes more and more expensive I predict the DFW Area will see more and more of these developments, featuring rental apartments, condominiums and perhaps eventually single family homes focused on transit stations in walking distance.

And this is not a bad way to save gas, reduce pollution and cut the costs of commuting or just getting to venues in the downtown or Victory Park areas.

Looking to make a move and purchase a new home closer in to downtown in order to save gas, reduce your commute or be closer to the excitement of Dallas?  Contact me today and let me help you explore your home buying options!

 
Post is included in group: ECO-All-Stars~ GREEN Resources, Trends & Friends
Post is included in group: Lone Star Real Estate Professionals
Post is included in group: Texas Real Estate

2 Comments on Dallas and Garland – Those TODdling Towns!

JUN
05
2008
141,514 Points 1 Featured Post Outside Blog

Great post! Rail lines should be a real boon to your area. I just moved from Atlanta where there was a combination of rail and bus lines. Don't get me wrong, Atlanta has some of the worst traffic congestion I have seen anywhere. For many however the access to mass transit really opens up areas of the city and suburbs as places of employment, housing and fun. I really hope that smaller cities, like Knoxville, get on the rail line bandwagon soon!

BTW, You might want to consider posting this in ECO-All-Stars~ GREEN Resources, Trends & Friends!

2:25pm • #1
JUN
06
2008

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