Light Rail in Dallas and More
Light Rail in Dallas has become very popular after cranking up its engines around twelve (12) years ago, when people were highly skeptical with regards to the potential of the Dallas Area Rapid Transit plan. Today, over 50,000 people ride the 45-mile system each day. Recently, transit-oriented developements began to spring up near the light rail transit stations.
Next to the Park Lane Station, a $750 million, 3-million square foor mixed-use project called the Park Lane is springing up. Additionally planned for 2013, Prescott Realty Group is building Lake Highlands Town Center at the Lake Highlands station. The project is planned to have 1,700 residential units in addition to retail and office spaces.
Overall, urban planning in Dallas has successfully integrated mass transit lite rail systems to the daily lives of its residents and visitors. Meanwhile, Houston has followed suit and successfully inaugurated its METRO light rail service and currently has ridership of 45,000 every weekday. Seattle, Washington has been successfully rolling out its Sound Transit light rail in phases with connections to Airport to Downtown Seattle rolling out in the next year. Transit oriented developments fill the area along the road the to Downtown with emphasis in the up-and-coming Martin Luther King Jr. Way area. Phoenix, Arizona is also launching its very own $1.4 billion light rail system in December of this year.
All in all, light rail is becoming an efficient system of public transportation in many cities throughout the United States. Perhaps, this is a good time to invest in transit-oriented real estate that are convinient for its users.
