10 Year LCI Update, Sandy Springs
2012
This LCI Plan establishes a framework for public and private action that capitalizes on new demographic and market trends. The LCI Plan will equip...
Station Summary
North Springs is on the Red line. The station is located in a mostly residential area. Residents living near North Springs spend less than the regional average on housing and transportation. In this area, the average resident drives 8,143 fewer miles annually than the regional average. Additionally, the average resident living near North Springs spends $2,624.29 more per year on housing than the regional average.
Median Household Income
income spent on housing :: 30%
income spent on transportation :: 18%
income remaining :: 52%
All figures from a 0.5 mile radius
Population
Census for 2012 :: 4,444
Projected for 2017 :: 4,800
Travel
Average travel time to work based on 60 minutes.
Income
Employees earning more than $3,333 / mo.
Rental
Average apartment rental for this neighborhood station.
$1,026
$12,312
What amenities and services are in the area?
Art
Banks
Bike
Medical
Schools
Why Equitable Development?
Equitable TOD combines people and place-based approaches to ensure that the value created when land near transit is built out is accessible to, and provides opportunities for, all community residents living near transit.
The market near North Springs station is growing and has a moderate probability of changing demographics. Renters are the first to be affected by an increase in property values in a growing market. As the market grows housing values will increase, limiting income diversity.
Achieving Equitable Development
In order to retain current residents and provide access to new amenities and services, Transformation Alliance?s equitable development strategy for this station area is:
- create and preserve affordable housing
- invest in community assets
Employed
Renters
WalkScore
Station data
Characteristics
Site Accessibility
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| MARTA Station Typology Designation | Collector | ? | |
| MARTA Parking Utilization | 76% | 51% | |
| WalkScore | 29 | 69 | |
| Bike Score | 34 | ||
| Journey to MARTA Walk + Bike | N/A | ? | |
| Journey to MARTA Drive + Carpool | N/A | ? | |
| Journey to MARTA Transfer | N/A | ? | |
| Sidewalk conditions (miles) Above Average | N/A | 4 | |
| Sidewalk conditions (miles) Average | N/A | 5 | |
| Sidewalk conditions (miles) Poor | N/A | 4 | |
| MARTA Daily Enteries | 6,207 | 4,882 |
Development Opportunities and Context
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| MARTA TOD Acreage | 14.0 | ? | |
| Adjacent Large Properites | East of Site | ? | |
| Zoning Station or Parking Lot(s) | SPI-16, SA1 | ? | |
| Zoning Adjacent Area(s) | SPI-1, SA1 | ? | |
| Reccomended Intensity at the Site | 8-30 FAR | ? | |
| Current Intensity at the Site | Y (MAX FAR 10.2) | ? | |
| TAD | No | ? | |
| TAD | Eligible | ? | |
| LCI | No | ? |
Real Estate
Office
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| Office - Inventory (SF) | 1,042,703 | 3,964,869 | |
| Office - Vacancy | 11.3% | 11.90% | |
| Office - Average Rent | $18.04 | $14.86 | |
| Office - 10 Year Growth | 2% | 3% |
Retail
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| Retail - Inventory (SF) | 1,474,105 | ||
| Retail - Average Rent | $15.47 | ||
| Retail - 10 Year Growth | 16% |
Housing
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| Housing - Inventory (Units) | 2,463 | 2,218 | |
| Housing Density / Acre | 4.9 | 4.4 | |
| Housing - % Renter | 64% | 56% | |
| Housing - % Multifamily 5+ Units | 68% | 53% | |
| Housing - % Built Since 2000 | 11% | 19% | |
| Housing - Average Apartment Rents (1 Mile) | $1,026 | $956 | |
| Housing - Average Apartment Vacancy Rate (1 Mile) | 4.7% | 7.30% | |
| Housing - 2012 New Avg. Sales Price (1 Mile) | $118,666 | $252,596 |
Demographics
Population
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| Population 2012 | 4,444 | 3,930 | |
| % Change 2000-2012 | 26% | 10% | |
| % Change 2012-2017 | 8% | 4% |
From the 2012 Population
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| % Generation Y (18-34) | 39% | 35% | |
| % Singles | 60% | 75% | |
| Median Household Income | $67,507 | $44,720 | |
| % Employed | 70% | 62% | |
| % Use Public Transit | 14% | 17% |
Employment Base
| Station Area | Average from all Station Areas | ||
|---|---|---|---|
| Travel Time to Work (minutes) | 24.6 | 27.9 | |
| Number of Employees | 4,923 | 17,075 | |
| Employment Density / Acre | 9.8 | 34.0 | |
| % Employees Earning More than $3,333 per month | 74% | 54% | |
| Jobs to Housing Ratio | 2.0 | 7.1 |
