Council Approves Phase 2 of Addison Hangar Project at the Airport

In June 2022, the City Council approved a 40-year ground lease with Addison Hangars, LLC, a wholly-owned subsidiary of the Sky Harbour Group, to redevelop a 6-acre site at Addison Airport on Claire Chenault Drive to build six private jet hangars totaling 101,000 square feet dedicated to serving high-end business aviation users including corporate and private flight departments. The estimated construction value of the building improvements is expected to exceed $25 million and construction is expected to begin in the first quarter of 2023.

At its January 10 meeting, the Council approved the second phase of this project which will include the construction of four 14,000 square-foot private executive hangars and one 28,800 square-foot, semi-private executive jet hangar for a total of 91,500 additional square feet of executive jet hangar space. The Phase II development site includes the buildings where the Cavanaugh Flight Museum and Monarch Air are located. The 40-year ground leases on the Cavanaugh Museum hangars expired in 2021 and 2022, but in October 2021 the Addison City Council approved new commercial leases until 2024 to allow Cavanaugh time to plan for its future. 

As part of the Addison Hangars lease agreement, the tenant will contribute $250,000 to the Town toward the cost of repairs and improvements to the airport’s service vehicle road, a common-area element of the airport. 

You can watch Council’s Addison Hangar discussion here and read the presentation here.