The Big Winners in Transit-Oriented Design
Jessica Lingertat, a partner in Gould & Ratner's Real Estate Practice, talks to Globe St.com about how transit-oriented development can be a win-win solution for real estate developers and cities (and their residents), in this second part of a two-part conversation.
"Due to the cost savings in construction dollars attributable to parking, which does not produce the same revenue as square footage allocated to occupied residential or commercial space, this trend is incentivizing developers to build where they may have otherwise struggled to achieve a cost-effective project," says Lingertat. "Clearly developers win. ... The environment also wins..."
The full story can be found here.