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Transit-oriented development is expanding into new asset classes. Office projects are going the transit-oriented development route with The Luzzatto Co.’s EXPO Station. The project is an 80,000-square-foot, three-story creative office development along the EXPO line in West Los Angeles. In addition to located near a transit station, the property will also include a parking structure. Transit-oriented development has focused on mixed-use and multifamily projects.

“TOD should absolutely include office, and does as our project illustrates,” Marc Luzzatto, chairman of The Luzzatto Co.. Much of the traffic we see in Los Angeles is the result of people going to and from work. As our traffic worsens today’s generation of workers is choosing to work where traffic is less of an issue. People would much rather bike, walk or ride transit to work. Walking and cycling provide physical health benefits while mass transit provides the psychic benefits of time to read, write, or think without the aggravation of navigating traffic. There has been a lot of talk about self driving cars, but the goal is to stop relying on automobiles, whether we are behind the wheel or not.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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