Air Rights Development
Air Rights developments for high-density real estate projects have been implemented in dense metropolitan areas, where shortages of developable land have forced communities and jurisdictions to identify areas over railroads and thoroughfares to create new ‘land’ for development. These developments provide mixed use residential, office and commercial space, pedestrian walkways, bike paths, and green spaces in coordination with communities’ land use and transportation plans.
Air Rights development benefit local communities with new jobs and increased tax revenues, support transit-oriented development, and generate revenue to fund future transportation improvements. Virginia’s Office of Transportation Public Private-Partnerships (OTP3), in coordination with the Virginia Department of Transportation (VDOT), is exploring ways to maximize the value of existing public assets by making selected Air Rights available for development in and around transportation facilities in the Commonwealth. By leasing Air Rights to private developers, the Commonwealth can establish a revenue stream to fund future transportation projects.
The OTP3 has completed both high-level and detail-level screenings that considered the desirability and feasibility of this project for possible procurement under the Public-Private Transportation Act (PPTA) of 1995 as amended. On June 21, 2013, the PPTA Steering Committee determined that exploring procurement under the Virginia Public-Procurement Act (VPPA) would be most advantageous.
A Request for Information (RFI) has been released to seek private sector input on ways to maximize the value of existing public assets by making selected Air Rights available for development in and around transportation facilities in the Commonwealth. The Rosslyn Metro Station Areas and the East Falls Church Metro Station locations have been selected for consideration.
An RFI is an inquiry only to gather input from individuals, firms, teams or organizations on the best practices and innovative approaches that may be used to address the Project’s purpose and need, maximize the benefits and minimize the costs to citizens of the Commonwealth. No contract or agreement will be entered into as a result of this process. Instead responses to the RFI will help VDOT and OTP3 to advance evaluation, planning and development efforts for the Project, which could result in a formal procurement of a contract.
The Air Rights Development Fact Sheet (below) contains additional information about the RFI, project concepts being explored and scheduled next steps.
A project briefing regarding the Air Rights RFI was held on Tuesday, Aug. 6, from 10 a.m. to noon at George Mason University’s Founders Hall Auditorium at 3351 Fairfax Drive, Arlington, VA 22201.
Request for Information
- Request for Information
- Akridge (7 KB)
- Arlington-East Falls Church Civic Association (44 KB)
- Brandywine Realty Trust (2.1 MB)
- Comstock Partners LC (453 KB)
- Enterprise Community Partners (555 KB)
- The JBG Companies (2.3 MB)
- Malasky Real Estate (17 KB)
- Monday Properties (193 KB)
- Monday Properties (Cover) (45 KB)
- Peter Katz - 1 (1.4 MB)
- Peter Katz - 2 (126 KB)
- Holland and Knight, LLP (202 KB)
- Vornado Charles E Smith (865 KB)
- Akridge (7 KB)
OTP3’s Point of Contact:
Office of Transportation Public-Private Partnerships
600 East Main Street
Richmond, VA 23219