The Commercial Reality of TOD in Australia
DOI link for The Commercial Reality of TOD in Australia
The Commercial Reality of TOD in Australia book
In developing its first transit-oriented ‘village’ at Wellard in the burgeoning southern suburbs of Perth, Western Australia, Peet Limited has tried to implement a classic definition of transit oriented development (TOD):
Cervero (2004) describes the typical TOD in the following terms. The transit village extends roughly 400 metres from a transit station, a distance that can be covered in about 5 minutes by foot; the centrepiece of the transit village is the transit station itself and the civic and public spaces that surround it; the transit station is what connects ‘village’ residents and workers to the rest of the region, providing convenient and ready access to downtown, major activity centres like a sports stadium, and other popular destinations; and, the surrounding public spaces or open grounds serve the important function of being a community gathering spot, a site for special events, and a place for celebrations.