Addison Circle Station Transit Oriented Development Approved by Council

At its February 13 meeting, the City Council approved an Ordinance rezoning 13.7 acres adjacent to the DART Transit Center and the new Silver Line Rail Station to allow for a three-phase mixed-use development with an estimated investment of $472 million. In April 2022, Addison signed a memorandum of understanding with a team comprised of AMLI Residential/Stream Realty Partners to leverage the benefits of the Silver Line which will begin revenue service in 2026. This unique development will attract jobs, corporations, restaurants, shops, and new residents to Addison.

The project is the culmination of the Town’s years of preparation to expand the urban neighborhood and amenities of Addison Circle and Addison Circle Park through strategic acquisition of land around the DART station and planning efforts such as the Addison 2020 Vision Study and most recently, Addison Circle Special Area Study, adopted in 2018. Both studies included public participation and input. The approved concept plan includes:

• Office & Parking Structure - 6 story office building with 160K SF of office space and 3.5K SF of retail space; 5 level parking structure with 623 spaces; Outparcel with fitness programming
• Retail/Restaurant/Entertainment Node - 5 – 7 single story buildings with 25K SF of retail space and programmed open space
• Multifamily Residential Tower - 13 story tower with 270 dwelling units and 10K SF of retail space; 400+ space podium parking structure
• Multifamily Residential Midrise - 7 story midrise building with 412 dwelling units and 15K SF of retail space; 600 space podium parking structure; Re-aligned Spectrum Drive and 0.4 acre park

Construction is slated to being in the fall of 2023.

You can watch Council's Addison Circle Station rezoning discussion here and read the presentation here.