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Bisnow Archives
Developers want to built close to DART lines and new research from the University of North Texas shows that's good for everyone. New or planned construction within a quarter mile of DART rail stations accounts for a $7B impact on the local economy. The study included developments such as CityLine in Richardson (above) and activity in the Cedars.
This impact tops the $5.3B impact from transit-oriented development from 1996 to 2013.
Construction within this area created more than 43,000 jobs and $3B in wages in 2014 and 2015.
Completed or under-construction developments near DART stations have already generated $69M in state and local tax revenue and could produce another $160M, according to the study.
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