IT HAS BEGUN

Sunny skies and ceremonial shovels marked the start of a massive 2,300-acre, $2B, 15-year buildout for Arlington's sustainable Viridian mixed-use community in Arlington last week. It's one of the largest urban infill projects in the US.

 

Here's Huffines Communities prez Robert Kembel, Arlington Mayor Robert Cluck, and co-owners Donald  and Phillip Huffines celebrating the launch of 400k SF of office and medical space and 400k SF of retail, plus single-family homes, condos, and high-end multifamily. The project got financing in mid-April (Equity also from CrossHarbor Capital Partners and debt from Plains Capital Bank, as well as bonds underwritten and sold by First Southwest and Stiefel Nicholas), Robert K tells us. And now, the 12-month process of extensive hydraulics, water infrastructure work, and other site development has begun. The Inaugural Village segment will feature seven builders and homes ranging from $250k to $2M that'll start in May 2012.

 
 

Located in North Arlington, the site stretches from SH 360 on the east to Collins Street on the west and from the Trinity River near I-30 northward to 1.5 miles south of Hwy 183. Viridian will include more than 3,600 single-family homes. Calthorpe and Associates? Peter Calthorpe will design and plan it. Other partners include Graham Associates, TBG Partners, Applied Ecological Services, River Legacy Foundation, and Woodley Architects. Last fall, Huffines also started construction on a 90-acre $300M infill multifamily community in Lewisville.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

Test Valley Renews HQ Lease At Flex Project Near DFW Airport: The DFW Deal Sheet

Fort Worth Offers Incentives To Land Nearly $200M Harting Connectivity Plant

Arlington 'Ripe For Development' As It Carves Out DFW Identity

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

OZ 2.0 Program Could Bring 'Enormous Money' Into DFW

CoreCivic Gets Third Leader In A Year After CEO Resigns

Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation

Bankrupt Pennsylvania City Gets Nearly $100M Injection, But Visions For Revitalization Diverge