Since its inception, Woodstock Development has focused on the development of real estate that is located along transportation corridors. As regional congestion has grown, Woodstock is continuing to focus on projects immediately adjacent to transportation corridors and rail lines. Please review our past and present "Transit Oriented Development" projects for more information.

The Value of Transit-Accessible Projects

The National Trend: Employers and Workers Are Prioritizing Transit-Accessible Offices

Demographic shifts – including the aging of baby boomers and a demonstrated preference by millennials to live in urban settings without owning cars – are characterized by increased demand for walkable neighborhoods. Thus, many workers and employers have come to favor mixed-use, 24-hour neighborhoods with proximity to transit. Workers are attracted to the neighborhood amenities and easy access to public transit for commuting. Employers, particularly in the high-growth knowledge-based industries, recognize that increased productivity is a benefit of public transportation. Further, proximity to transit – often coupled with subsidized fares – is an important tool to attract and retain top talent. According to the American Public Transportation Association, 79% of riders of public transportation are within the peak working age range of 25 to 54, 51% have a bachelor’s degree or more, 65% have a driver’s license and 23% are millennials (even though they constitute only 17% of the U.S. population). Demand for transit-accessible development is reflected in the well-documented rent and sale premiums commanded by commercial (12%-15% rent premium) and residential (5%-20% rent premium) projects that are located at or near transit. Read more...