Council Approves Agreement with Cobb Fendley for Addison Circle Development Analysis

At its September 8 meeting, the City Council approved a professional services contract in an amount not to exceed $123,565 with Cobb Fendley for analysis needed to develop the property around the new DART transit center.

 

In 2017, anticipating rail service on the Cotton Belt/Silver Line Rail Corridor, the Town conducted a special area study that established a plan for the 29 acres surrounding the future rail station adjacent to the existing transit center. This vision calls for a high density mixed-use transit oriented development that will make Addison a major destination on the rail line and enhance Addison Circle's reputation as a desirable place to live, work and play.

 

The Town is currently in the process of working with DART and the private landowners to prepare a solicitation for development on these properties. One step in that process is to understand the current infrastructure and utility capacities in the area compared with what will be needed when future development occurs. This will be useful in determining what improvements the Town may need to make to prepare the sites for development or to require of potential developers. For this assessment, Cobb Fendley will conduct the following:

 

 

This information will be shared with potential developers as part of the solicitation process and should increase the number and quality of development proposals the Town may expect to receive during the solicitation process.

 

You can watch the Council's Cobb Fendley discussion here.