On Track

Transit-based Housing Rides High

7 MIN READ
Avalon at Grosvenor Station is located in North Bethesda, Md., at the Grosvenor Metro Station. AvalonBay's 497-unit community gives residents easy access to Washington.Jennifer A. Johnston"There's one train of thought in business planning today: Follow the stations," says Brad Griggs, CIO for BRE Properties, a real estate investment trust (REIT) in San Francisco. "Wherever you see light rail put in, you see multifamily housing around those stations."

Avalon at Grosvenor Station is located in North Bethesda, Md., at the Grosvenor Metro Station. AvalonBay's 497-unit community gives residents easy access to Washington.Jennifer A. Johnston"There's one train of thought in business planning today: Follow the stations," says Brad Griggs, CIO for BRE Properties, a real estate investment trust (REIT) in San Francisco. "Wherever you see light rail put in, you see multifamily housing around those stations."

By
The Partnership

About the Author

Les Shaver

Les Shaver is a former deputy editor for the residential construction group. He has more than a decade's experience covering multifamily and single-family housing.

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