The $180 million Taylor Yard Transit Village Master Plan consists of five distinct development phases that include 400 housing units, approximately 30,000 square feet of retail space and 2½ acres of open space across 16.3 total acres. Part of a former rail facility previously owned and operated by the Southern Pacific Railroad, the Taylor Yard Transit Village is the first large-scale river-front development to be developed along the river’s edge in the City of Los Angeles, benefiting from the improvements envisioned in the River Revitalization Plan. These improvements include the adjacent, recently-completed Río de Los Angeles State Park, a 40-acre regional park that offers both active and passive recreational opportunities for the community.
305 of the homes are affordable rental apartments (197 family and 108 senior apartments) for households earning at or below 60% of the Area Median Income. The homeownership component consists of 95 condominiums.
The site is located in the working-class community of Cypress Park in the City of Los Angeles and the final site plan was based on the preferred alternative as selected by the local community and ultimately supported by the Greater Cypress Park Neighborhood Council.
The senior building is LEED for Homes Platinum certified and the two family phases are LEED for Homes Gold certified. The master plan earned a LEED Neighborhood Development Silver certification and the plan was developed in collaboration with Metro planners to accommodate facilities for a future rail station connecting Downtown Los Angeles to the cities of Burbank and Glendale and into the San Fernando Valley.
The overall development is a public-private partnership between McCormack Baron Salazar and LA County Metro Transit Agency. Development and financing of the site’s 100% new infrastructure was provided through a $15 million grant from the 2009 State of California Proposition 1C Infill Infrastructure Grant program. Predevelopment financing was provided by the Enterprise Foundation.