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Texas  + Dallas-Fort Worth  + Apartments  |  April 13, 2022
Erik Hamilton
By: Erik Hamilton

Addison City Council Names Master Developer for 18-acre Transit-Oriented Development

The Addison City Council approved a Memorandum of Understanding naming the master developers for a multi-use development clustered around the upcoming DART Silver Line station at Addison Circle, in Addison, TX. AMLI Residential will join national real estate services, development, and investment company Stream Realty Partners as the master developers in the 18-acre transit-oriented development. 

Since the inception of DART in 1983, the Addison has been accumulating property around the rail line formerly known as the Cotton Belt and planning for how that acreage would be used as a part of a transit-oriented development. The Addison City Council anticipates completing all developer agreements and other formalities within the year and hopes to break ground on the project in Q2 2023. The total cost for the development is estimated at $472 million.

Cushman & Wakefield was tapped in 2020 to act as the real estate firm and has been actively soliciting proposals from developers with the capability to bring this development to fruition. Similarly, Cushman has been working with the city of Richardson, TX in seeking proposals for a Master Developer for DART’s Arapaho Center Station.

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AMLI Residential Stream Realty Partners Cushman & Wakefield

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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