Exciting Transit-Oriented Development Agreement for Addison
Exciting Development Agreement Approved for Addison Junction
A $240 million mixed-use project aims to connect Addison Circle to a new transit hub.
The Town of Addison is propelling forward with one of its most exciting transit-oriented developments. Recently, the Addison City Council officially approved a development agreement with Quadrant Investment Properties for the Addison Junction project at the Addison Circle Silver Line Station.
Investing in Infrastructure and Economic Growth
Addison is set to invest $40 million into infrastructure enhancements, which includes building two public parking garages. This investment is expected to leverage over $200 million in private development. Upon completion, Addison Junction is anticipated to generate a remarkable $300 million in annual economic output and create over 1,600 permanent jobs in the community.
Project Features and Plans
The Addison Junction will span 14 acres and feature a 155,550-square-foot mass timber office building, a 140-room boutique hotel, and 30,000 square feet dedicated to entertainment space. Additionally, The Hangar, an aviation-themed event venue measuring 12,000 square feet, will be part of the complex. The design includes various restaurants, a Texas-style beer garden, rooftop patios, and public plazas that will integrate seamlessly with Addison Circle Park and the Cotton Belt Trail Corridor, enhancing the community's hiking and biking network.
Community Vision and Development Strategy
“Addison Circle established our reputation over 25 years ago, showcasing our commitment to building interconnected, walkable communities,” shared Addison Mayor Bruce Arfsten. “The Addison Junction initiative elevates this vision, creating a destination for work, gatherings, and celebration while reinforcing Addison's status as a leading center in North Texas.”
This ambitious project reflects extensive planning alongside evolving market dynamics. The Town of Addison began acquiring land near the rail corridor back in the 1980s as part of the foresight for light rail service. In 2019, the Town adopted the Addison Circle Special Area Study to refine development strategies surrounding the Silver Line station.
Adapting to Market Needs
Earlier project concepts included a higher residential density, but evolving market conditions and partnerships shifted the focus towards a commercial and entertainment-centric approach. This strategic pivot led to Quadrant Investment Properties emerging as Addison’s key partner.
“This is exactly the type of project we have worked towards for many years,” stated Wayne Emerson, Addison's Director of Economic Development. “Quadrant's focus on quality and innovation positions Addison Junction as a pivotal area along the Tollway, balancing economic growth with community needs.”
Strategic Location and Connectivity
Located at the convergence of Addison Circle, Addison Airport, the Dallas North Tollway office corridor, and the Town's bus transit center, Addison Junction enjoys a strategic position. The ongoing construction of the DART Silver Line will integrate Addison into a 26-mile commuter rail system connecting vital areas such as Plano, Richardson, Carrollton, and Dallas, including DFW International Airport.
“Addison Junction presents a unique opportunity to create a vibrant pedestrian-oriented district that blends office space, hospitality, and entertainment on one of the last significant infill sites in the region,” expressed Chad Cook, founder and managing partner of Quadrant. “With direct access to the Silver Line, it will become a true destination combining regional connectivity and a thoughtfully planned community environment.”
About Quadrant Investment Properties
Quadrant Investment Properties is a real estate investment and development company based in Dallas, specializing in urban office redevelopment and placemaking. Since its inception in 2012, QIP has invested over $1.17 billion across three million square feet of innovative projects, crafting sustainable environments that attract modern companies and create community value.
About the Town of Addison
With a vibrant layout of 4.4 square miles, Addison is home to over 200 restaurants, 22 hotels, and more than 12 million square feet of office space, along with upscale residential options. Hosting more than 2,000 businesses and 17,000 residents, Addison sees a daytime population exceeding 100,000 and provides access to a skilled workforce. Known for exceptional amenities, world-class events, and a dynamic business climate, Addison stands out as a premier destination in North Texas.
Frequently Asked Questions
What is the Addison Junction project about?
Addison Junction is a $240 million mixed-use project aimed at linking Addison Circle to DART's Silver Line and enhancing the local economy.
How much is Addison investing in this project?
The Town of Addison is investing $40 million in infrastructure and public garages while leveraging over $200 million in private development funding.
What are the main features of Addison Junction?
The project includes a mass timber office building, a boutique hotel, entertainment spaces, and The Hangar event venue, along with various restaurants and public plazas.
Why is this project significant for the community?
This development aims to generate substantial economic output and create numerous jobs, while enhancing connectivity and communal spaces in Addison.
Who is involved in the development of Addison Junction?
Quadrant Investment Properties is the key partner for the development, with a focus on urban office redevelopment and community-centric planning.
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