Addison plans to turn its new stop on Dallas Area Rapid Transit’s commuter rail to the airport into a massive mixed-use district.
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Addison City Council awarded Quadrant Investment Properties a master development agreement Tuesday to build a nearly $200M mixed-use project with a boutique hotel of at least 140 rooms, a 155K SF mass timber office building, and 42K SF of entertainment, restaurant and retail space.
The 14-acre development, to be named Addison Junction, will be connected to the city’s stop on DART’s 26-mile Silver Line commuter rail, which will also connect stations in Plano, Richardson, Dallas, Carrollton, Coppell and Grapevine directly to Dallas Fort Worth International Airport.
The city will invest as much as $41.2M in infrastructure and parking for the project, which will be adjacent to Addison Circle Park.
“At stabilization, we project about $300M in annual revenue that would go back into the town,” Addison Economic Development Director Wayne Emerson said of the project’s first year of operations. “That's really an investment back into our property owners and our businesses.”
Addison Junction will be built over four phases, starting with a $22M entertainment district. That portion will include at least 30K SF of restaurant and retail space as well as a public park and pickleball courts. The entertainment district will be anchored by Van Buren’s Beer Garden and a three-building farmers market with space for an urban grocer, a wine cellar, a bicycle shop, and retail and restaurant uses.
The next phase is slated to build 12K SF of restaurant or retail space on the DART parcel of the development at a minimum cost of $8M.
The third phase has the $79M office building, including 5K SF of retail space and a public parking structure.
The final phase of the project is planned to be an $81M boutique hotel. QIP founder Chad Cook said the developer has met with operators who represent Marriott and Hilton about the proposed upscale hotel that would also offer a restaurant.
Infrastructure planning will start immediately, with the first phase expected to go vertical in 2027. The remaining three phases are slated to start construction later that year, with the full project expected to be completed in the middle of 2029.
Using a portion of the former Cotton Belt rail line, the Silver Line will use actual train cars rather than the light rail cars utilized for DART’s existing lines. Silver Line testing is underway, and DART expects service will begin later this year or in early 2026.
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