With the construction DART that will run from DFW International Airport to Plano, developers are getting eager and excited with the opportunities it will bring to their respective areas according to a Dallas Morning News article from May 4 which reports,
“While the commuter transit line won’t open until 2024, developers are planning projects around the more than half-dozen stations stretching across Dallas’ northern suburbs.
“It’s huge for us,” said Lucy Billingsley, whose Cypress Waters development has the first transit stop from the airport. “Because of the Silver Line, we have been able to expand our office footprint by at least 2 million square feet.”
A few miles away in downtown Carrollton, city planners are eager for the first Silver Line trains to show up.
“With the Silver Line on the way, we expect new development to continue at this location,” said Ravi Shah, Carrollton’s director of development services.
“We are also beginning to see new and more urban-form, infill projects coming forward in anticipation of the Silver Line,” he said. “The city is in the process of updating its downtown master plan to include areas around the Silver Line station in anticipation of new development.”
Additionally, Addison is also taking part in the development and opportunities brought by the new DART line as they have just picked their developers according to a Dallas Morning News article from April 13. They say,
“The city picked two developers this week — Dallas’ Stream Realty Partners and Amli Residential — to build an 18-acre, $472 million mixed-use project surrounding the rail station just west of the Dallas North Tollway.
Addison’s City Council approved an agreement with the developers at Tuesday’s meeting.
“The town leadership has postponed any development on this significant parcel in anticipation of a light rail station in Addison,” Addison City Manager Wes Pierson said in a statement. “Now that we have a more comprehensive DART timeline, we’ve been able to select a master developer to help us achieve the vision adopted by the city council, which will have a significant economic impact for Addison and the region and will truly set Addison apart from other recent developments in the area.”
Meanwhile Plano officials are also hoping for a development to their old commercial district as a DART station will also be situated there.