Using Hong Kong Model, Convert BART Land into Mixed Use Housing

The BART Transit-Oriented Development Policy, which was adopted on June 9, 2016, lays out a plan to enhance the stability of BART’s financial base by implementing several programs. These include offering 66 year ground leases for joint development projects and soliciting proposals for transit-oriented development objectives. (1)

The Tech for Housing Blog suggests following the Hong Kong model by consolidating BART station parking into underground and multi-story facilities, and converting the available land now used for single-level parking into property available for housing construction. (2)

Ticket sales on the Hong Kong’s transit system, called MTRC (Metro Transit Railway Corporation) cover operational costs, and the second revenue stream is generated from it’s real estate holdings around the stations, which is where MTRC makes the most of it’s revenue and how it pays for constant maintenance and reinvestment, resulting in one of the most efficient and on-time public transit systems in the world.

The Bay Area needs more housing, and this could be an excellent solution to add housing, while improving BART. Some of the concerns however are that current residents who live near BART stations will not be in favor of such development, and will try to stop it through local initiatives. 311 St. James Drive in Piedmont is a romantic Mediterranean home currently offered at $2,149,000.

About Anian Tunney

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney, Piedmont CA real estate agent broker associate
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

(1) http://www.bart.gov/sites/defa...

(2) https://techforhousing.org/bui...

http://www.bizjournals.com/san...