Below are our Transit Oriented Properties:
A Transit-Oriented Development is a high-density commercial office, retail and residential project located within one-third of a mile from a public transit station.
It is designed to increase the location efficiency of the development by offering a transit point offering connections to a wide transportation system, with access via walking or bicycle. In addition, the project is typically defined as a mixed-use project offering a range of housing, dining, workplace and shopping choices as well as entertainment amenities.
The State of Maryland, with more than 75 rail, light rail and subway stations, has compiled a TOD strategy to ensure that all public transit stations are market-ready for development, as well as to educate and influence the general public about the economic and environment benefits of TOD development. Metro Centre at Owings Mills has been identified as a “Commuter Town Center” and is among five TOD projects completed or under development within the State.
“Transit-Oriented Development represents the future of how consumers and businesspeople will interact with and utilize real estate, and Metro Centre at Owings Mills has been designed to serve as a national role model for this new development trend,” stated Howard Brown, Chairman of David S. Brown Enterprises, Ltd. “We are creating a multi-faceted Town Center that incorporates all elements necessary for an active lifestyle and workplace, combined with a sustainable transportation system that allows people to be less reliant on cars. By leveraging the high-density nature of the project, we can utilize available resources in the most efficient manner and take advantage of an in-place transportation network.”
The trend of Transit-Oriented Developments, popular in European cities and now recognized as the future of development in the United States, seeks to revive the creation of “places” by creating new towns and villages with an urban environment. It addresses the principles of “New Urbanism” which encapsulates walk-ability; connectivity; mixed-use and diversity; mixed-housing; quality architecture and urban design; traditional neighborhood structure; increased density; smart transportation; sustainability and quality of life.