TX: Addison Gets all Aboard DART’s New Silver Line with Plans for $500 Million Project

The new Silver Line commuter rail project that DART is building from DFW International Airport to Plano is giving developers new opportunities. The Town of Addison is seeking a “master developer” to build on an 18-acre site surrounding its planned Silver Line – formerly Cotton Belt – rail station. The city has hired a commercial property firm, Cushman & Wakefield, to solicit development proposals for the property which is just west of the Dallas North Tollway near the Addison Circle mixed-use development. Addison officials are hoping that the property will be used for a transit-oriented development that could be valued at a half-billion dollars. “We’re pleased to have been selected by Addison to find a highly-qualified, forward-thinking mixed-use master developer who can build out the site to its full potential,” Cushman & Wakefield’s Chris Harden said in a statement. “The unparalleled central location, access to transit, major employment, and proximity to high-traffic areas like Belt Line Road, a nationally-known hotspot for restaurants, and the exceptional quality of life the Town of Addison affords to make this a prime investment opportunity.” Click to read more at www.masstransitmag.com.