The reason is clear: building housing near mass transit is the sustainable thing to do. In 2002, construction on Sound Transit’s Link Light Rail was still a year out. Kent Station, a mixed-use project at one of Sound Transit’s major terminals, became Tiscareno's client and one of the first TOD projects in the area.
Since then, as we began to specialize in multi-family/mixed-use developments, our client list has traced the rise of TOD in the region. Riverpark, Milehouse, Modera Redmond, the Triangle, Redmond Square, and the Spark—just to name our projects in Redmond—joined a critical mass of multifamily housing developments clustering near transit hubs across the region.
Fast-forward to today, and those developments are proving that mixed-use TOD can be sound investments. Even if the projects are finished before the transit systems are, as has been the case with those projects near the coming Link Light Rail station in Redmond (now projected 2025), phaseable development offering parking until transit gets going has proven workable.
With each new TOD project we take on, the incremental adjustments we’ve learned to make along the way have maximized TOD efficiencies, bringing about lower and lower parking ratios with every project. Our most recent Redmond projects, Redmond Square and the Spark, offer our lowest parking ratios yet.