Addison has approved a $240 million development agreement with Quadrant Investment Properties for a project called Addison Junction. The 14-acre site will be located next to the future Silver Line Dallas Area Rapid Transit (DART) station, according to the Dallas Morning News.
The plan includes a 155,000-square-foot timber office building, a 140-room boutique hotel, and 30,000 square feet of entertainment space. There will also be an aviation-themed event venue named The Hangar, rooftop patios, restaurants, public plazas, and a Texas-style beer garden. The development is designed to connect directly to Addison Circle Park and the Cotton Belt Trail Corridor, which is part of the region’s hike-and-bike system.
Addison will contribute $40 million for infrastructure improvements and two parking garages. Quadrant Investment Properties is expected to invest more than $200 million in private capital. City officials estimate that once completed, the project will support over 1,600 permanent jobs and generate more than $300 million in annual economic output. Construction is scheduled to begin in 2026. No tenants have been confirmed for the office space yet, and negotiations are ongoing for the hotel operator.
The city began acquiring land along the rail line in the 1980s with plans for transit-oriented development. In 2019, Addison adopted a special area plan focused on growth around the Silver Line station.
The current deal replaces an earlier $472 million proposal with Stream Realty Partners and Amli Residential that included housing components. Shifts in market conditions and changes among partners led to a new vision emphasizing commercial and entertainment uses.
The Addison Junction project will have direct access to the Silver Line route connecting Plano, Richardson, Carrollton, Cypress Waters, Dallas, and DFW International Airport (https://www.dart.org/about/expansion/silverline.asp). This move reflects a broader trend among North Texas suburbs seeking economic growth through transit-oriented developments linked to commuter rail lines.
