Taylor Yards Transit Village
The Taylor Yard Transit Village is a mixed-use master plan developed by McCormack Baron Salazar on the 24-acre Parcel C at the southern end of Taylor Yard. The development consists of 155 affordable rental apartments (opening in summer of 2014) in two separate buildings, 41 for-sale homes (sales projected in spring of 2015), 108 affordable senior housing and 30,000 square feet of commercial space, and an additional 97 for-sale homes. The master plan is a certified LEED for Neighborhood Development plan and the affordable rental buildings will achieve LEED for Homes certifications. The overall development plan is a culmination of years of community outreach, thoughtful planning and a mission to build a sustainable community that acknowledges and celebrates the LA River.
To put it size of this project into perspective, we will effectively see a new sustainably planned village one fifth the size of Elysian Valley added to the Riverfront in the matter of a few years. The project will generate both physical and socio-economic linkages, bringing a mixture of household incomes (with a high percentage of affordable units) and new safer pedestrian pathways with potential River access. The project developer remains open to strategic conversations and partnerships regarding open space programming and business tenants of their commercial spaces - future employers and residential serving retail uses. We highlight this project as a model of equitable economic development that is both neighborhood serving and river-oriented. We recommend continued support by the City to explore targeted business outreach and incentives to ensure success commercial activity along the emerging San Fernando corridor.