Transit-oriented multifamily redevelopment of an obsolete urban infill industrial site: is it feasible?

Project (M.S., Urban Land Development)--California State University, Sacramento, 2012.Building transit-oriented housing in established urban core neighborhoods continues to entice community stakeholders and developers alike. On January 18, 2011, the Sacramento Bee reported that the Sacramento Municipal Utility District (SMUD) had recently purchased a new site to relocate its corporate yard facility (Daysong, 2011). This new East Campus Operations Center, located in southern Sacramento at Kiefer Boulevard and Bradshaw Road, will replace SMUD???s existing 20-acre corporate yard, which SMUD will sell to developers sometime after 2014. The current yard sits directly behind SMUD???s corporate headquarters at 6201 S Street in Sacramento, California, with substantial frontage along 59th Street between Folsom Boulevard and U.S. Highway 50. This existing yard represents one of the largest infill parcels that could be redeveloped in the region, after the 200-acre plus Downtown Railyard project, the 72-acre Curtis Park Village project, and the 65-acre Township 9 project in the Richards Boulevard area. Given this circumstance and the site???s desirable East Sacramento location it is likely there will be high demand among developers for such an opportunity. Assuming the role of a developer for this project, I am proposing a transit-oriented multifamily redevelopment concept for the site once it becomes available sometime after 2014. After collecting background information, analyzing market trends, conceiving a redevelopment concept that theoretically meets a future demand, and testing the concept???s physical and financial viability given a specific set of facts and my own assumptions, I determine that my proposed redevelopment is a viable redevelopment opportunity.Urban Land Developmen