The station will be the first of its kind on the East Coast,according to NoMA BID President Liz Price. Such cities as Chicago,Seattle and several in California have built or are buildingsimilar structures. They are becoming popular throughout Europe andJapan as well.

Since its inception, the NoMa BID has prided itself ondeveloping this emerging part of town, Price tells GlobeSt.com."The bike facility furthers our efforts in this regard. Also itwill be an attractive amenity to future tenants," she says. Most ofthe 20 million sf plus of residential, office and hotel developmentin the submarket is being designed to LEED standards. Last yearNoMa was accepted into the LEED for Neighborhood Developmentprogram, a pilot project by the US Green Building Councilincorporating the principles of smart growth, urbanism, and greenbuilding into the first national rating system for neighborhooddesign. Price says that the BID is now getting the paperworktogether to submit to the certification process.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.