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Capital Business
Posted at 04:13 PM ET, 02/15/2012

Metro’s director of real estate to step down

After two years at the helm of real estate for Metro, Steven Goldin is leaving the job.

Goldin, a self-described “TOD geek” for his interest in transit-oriented development, worked as a private developer in New Jersey before joining the agency in 2009.

Reached by phone, Goldin said he never planned on staying more than two or three years and thought that at this stage in the real estate market, which he said is “taking a pause,” it was time to leave.

“I came here because I was really turned on by the challenge of changing things and trying to accomplish things, and I really feel like I’ve accomplished them,” he said.

Dan Stessel, Metro spokesman, wrote in an e-mail that under Goldin’s leadership “the real estate program has made substantial progress, generating millions of dollars in revenue with transit-oriented development that benefits Metro and the communities we serve.”

During his time at Metro Goldin initiated a deal with the General Services Administration that could lead the federal government to locate large-scale federal agencies at rail stations. He is also credited with jump-starting some long-stalled deals for Metro-owned land, such as the sale of three valuable parcels along Florida Avenue NW to developer JBG for $10.2 million.

His most high-profile project was the initiation of a 39-acre development project in New Carrollton , in partnership with the state of Maryland. Developers Forest City Washington and Urban Atlantic are private sector partners on the project.

Goldin said he considered the GSA deal and the New Carrollton solicitation to be among his greatest accomplishments. Of the New Carrollton site, he said, “there were a lot of doubters about the quality of developers we would get in response to that [solicitation] and we got really top quality national names to respond,” he said.

Goldin said he has not taken another job. He said he could return to New Jersey or New York, but might also remain in the Washington area, working either in real estate or something else.

“I really enjoyed being here, I may stay here in the region, looking at things ranging from real estate opportunities to things unrelated to real estate,” he said.

Stessel said the agency will be recruiting a new real estate director to replace Goldin when he departs in late March.

Follow Jonathan O’Connell on Twitter: @oconnellpostbiz

By  |  04:13 PM ET, 02/15/2012

Tags:  Metro, Steve Goldin, commercial real estate

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