A real estate investor based in Chicago, Illinois, David Trandel has over 27 years of experience in capital markets and investment banking. The chief executive of Springbank Capital Advisors, LLC, in Chicago, David Trandel develops and manages Transit Oriented Developments (TODs).
TODs have developed in response to the seismic shift in the US population and the environmental concerns of younger generations. Because of a growing singles population, reduced family sizes, road congestion, climate change, and an increased demand for sustainable urban living, homebuyers and renters are showing a high preference for living in areas conveniently located next to transit amenities.
TODs are essentially more compact developments located within walking distance to major transit stations. These compact developments are mixed use, including housing, jobs, restaurants, shops, and entertainment. The goal of TODs is to provide more housing and transportation choices for people of all ages and incomes.
Because everything is within walking distance in TODs, car usage is minimized, leading to reduced energy costs, greenhouse gas emissions, and congestion. This can lower infrastructure costs in the long run, redirecting municipal funds to other sectors such as education and healthcare.
