Los Angeles MSA Massive List of Upcoming Mass Transit Projects

Posted April 15, 2014

In California, Commercial, development, Los Angeles, net lease, Office, real estate, Retail, Santa Monica

This is a link to an older post from Curbed LA dated January 2013, but since these projects can take a decade or even decades to be completed, it’s still very much relevant. Although some of the proposed projects won’t be completed until 2040, they will drive Los Angeles commercial real estate investment decisions going forward. The big plus is that they will bring much needed new multi family, office and triple net retail in the metro area.

There are 40 of them believe it or not from ones currently under construction to projects that are just dreams of Los Angeles region’s urban planners. The most expensive will be the $6 billion Purple Line from downtown LA to Westwood that’s currently under pre construction.

The most ambitious is the San Fernando Valley to the Los Angeles Westside tunnel that will cost $10 billion total and cold start in the next two to three years and take four to five years to build. Eventually the tunnel could be extended all the way to Sylmar to the north and LAX to the south. This is an amazingly ambitious project and I think the only way to cure the traffic problem on the 405 that’s been an issue for several decades. Given that the 405 sees over 300,000 vehicle per day a project like this is almost a guaranteed success.

The tolls that drivers would pay could vary depending on the time of the day, but during the worst of the commutes the tolls would likely be a wash versus what gas is consumed being stuck in the Sepulveda pass for an hour or more. And of course there would be big environmental benefits getting cars on and off of the 405 much quicker.

The great thing is that the project would leave the 405 relatively free of disruptions during the construction since it will almost all be underground.

This idea has been discussed for years, but now looks like it could be a reality.

The totality of the Los Angeles metro projects will be fantastic for those of us in the Santa Monica, Westside and Los Angeles commercial real estate for sale or lease business and of course for the 10 million plus Los Angeles residents.

Contact your Los Angeles commercial realtor / agent for more details as they break or contact me, Scott Harris, KW Commercial, at 310-473-4789.

Linked below are updates from last year regarding the other 39 projects.

http://la.curbed.com/archives/2013/01/here_are_socals_40_planned_transportation_projects.php

Net Lease, Net Leased Retail, Triple Net Retail

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