Addison Council Greenlights Major Transit-Oriented Development at Addison Junction

Addison Junction Development: A New Chapter for Addison

The Town of Addison is embarking on a transformative journey with the recent approval of the Addison Junction development agreement by the city council. This $240 million mixed-use project, located at the Addison Circle Silver Line Station, is one of the most anticipated transit-oriented developments in North Texas. It promises to be a hub of activity and a model for connected community living.

Investment and Economic Impact

Addison's commitment to investing $40 million in infrastructure, alongside two public parking garages, signifies the town's dedication to urban improvement and sustainable growth. This strategic investment aims to leverage an additional $200 million in private development, projecting the creation of around 1,600 permanent jobs and an impressive $300 million in annual economic output upon completion.

The project will span 14 acres and will include a 155,550-square-foot mass timber office building, a boutique hotel with 140 rooms, as well as approximately 30,000 square feet of entertainment space. Notably, it will feature The Hangar, a 12,000-square-foot event venue inspired by aviation, designed to attract both locals and visitors alike. The inclusion of restaurants, a Texas-themed beer garden, and rooftop patios will enhance the social landscape of Addison Circle, beautifully integrating with the existing park and local trail systems.

A Vision Realized

Mayor Bruce Arfsten remarked on the significance of this development, highlighting how Addison Junction embodies the vision of creating connected, walkable communities that the city has championed for over 25 years. He envisions this area as a destination for work, leisure, and community gatherings, thus reinforcing Addison's position as a dynamic hub in North Texas.

The planning for this project reflects years of community engagement and a continuous evolution of market needs. The roots of this initiative trace back to the 1980s when land was carefully assembled around the rail corridor, anticipating a future where light rail service would enhance connectivity. In recent years, the town adopted the Addison Circle Special Area Study, setting a forward-thinking framework for development around the new Silver Line station.

Strategic Partnership

With QIP (Quadrant Investment Properties), a firm recognized for its expertise in urban redevelopment, stepping in as the development partner, the project has gained a collaborative force focused on quality and innovation. Wayne Emerson, Addison's Director of Economic Development, expressed enthusiasm about this venture, highlighting how it aligns with years of effort in cultivating the region's economic development landscape. The creative approach of QIP is expected to place Addison Junction at the forefront of urban activity along the Dallas North Tollway.

Regional Connectivity

Nestled at the intersection of Addison Circle, Addison Airport, the bustling Dallas North Tollway, and the town's bus transit center, Addison Junction's strategic location cannot be overstated. The DART Silver Line, which is currently under construction, will seamlessly link Addison to a 26-mile commuter rail system extending to various key points including Plano, Richardson, and DFW International Airport—further bolstering the area's appeal.

Chad Cook, the founder and managing partner of QIP, emphasized the project's unique potential to create a pedestrian-oriented district that merges office space, hospitality, and entertainment into one vibrant area. With the Silver Line at its doorstep, Addison Junction is poised to become a true destination, merging local life with regional connectivity.

Conclusion

In conclusion, the Addison Junction development marks an exciting new era for the Town of Addison. By creating a space that nurtures community interaction and economic vitality, this project not only revitalizes the area but also reaffirms Addison's commitment to dynamic and inclusive growth. As plans move forward, residents and visitors alike can look forward to the numerous benefits this development will bring, solidifying Addison’s status as a leader in smart urban development within North Texas.

For more detailed visuals and updates, the public can visit AddisonED.com for project renderings and information.