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April 2008 This issue home | Past issues | Chamber home Eastside Brings Urban Town Center
Richardson’s famed “Telecom Corridor” is in the midst of revitalization as the first new apartments, shops and restaurants near opening at Eastside, a new 14.8 acre mixed-use development. Eastside is transforming an existing office building and parking lot into a live-work-play destination for urban living along US-75 and the DART line. Post Eastside® opened a temporary leasing center near the site in early March to begin leasing the first apartments, available May 1. Retail space is also expected to debut over the next few months, bringing Panera, Boudreaux’s Cajun Kitchen, Dr. Goad Dentistry and Frost Bank to Eastside. Additional retail tenant announcements are expected in the near future. The development, located at the southeast corner of Campbell and Central Expressway, will offer many new opportunities for professionals working in surrounding offices. “Post Eastside is an unprecedented offering of luxury urban living in Richardson,” said David Ward, executive vice president, regional investment director Southwest region, Post Properties, Inc., the apartment developer for the project. “The community integrates the convenience of transportation, the luxury finishes of city living and lush greenspaces in one of Dallas’s finest suburban communities.” Post Properties, Inc. (NYSE: PPS), Skyrise Properties, and Greenway Investment Company, broke ground on Eastside in November 2006. The master-planned development will include 80,000 square feet of retail, nearly 200,000 square feet of office space and 435 apartment homes surrounding a one-acre central park with a fountain and amphitheatre. An existing Class-A office tower and parking deck have been integrated into the master development in a seamless effort to complete the master plan. Post Eastside will bring spacious one- and two-bedroom apartments in four, four-story buildings. The first building, delivering May 1, will offer loft-style apartments followed by a mix of traditional luxury apartments and lofts in the second and third buildings. Residents may choose from a wide variety of floorplans ranging from 503 square feet to 1,436 square feet, with rent from $685 to $1,935 per month. Each home boasts high ceilings, stainless steel kitchen appliances, granite countertops, maple cabinetry and washer/dryer connections. Hardwood floors are available in select apartments. An emphasis on green spaces makes Eastside unique among Richardson developments. Post Eastside residents will enjoy six gathering courtyards with barbeque grills in addition to the one-acre central park. Residents will also enjoy signature Post amenities, including two swimming pools, an outdoor cabana, club room and gourmet kitchen, free Wi-Fi in common areas, a fully-equipped fitness center and Internet Café. Two gated garages will allow for ample parking and select units have private garage access. Located just blocks away from two of DART’s light rail stations, the development will utilize an urban, pedestrian-friendly design featuring a blend of building styles and beautiful landscaping. The architecture will reflect a sleek, contemporary design coupled with the classic textures of brick and stucco. The development was modeled after Post’s successful metroplex collaborations at Legacy Town Center and Addison Circle. The temporary leasing center is located at 1701 North Greenville Ave. Suite 1002 and is open from 10 a.m. to 6 p.m. Monday through Friday and 10 a.m. to 5 p.m. on Saturday. For more information call 972-479-0368 or visit www.postproperties.com. If you are interested in retail leasing information, please call 214-572-0777. About Post Properties Post Properties (www.postproperties.com), founded more than 36 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company’s mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (“REIT”), the Company focuses on developing and managing Post(R) branded resort-style garden and high density urban apartments. In addition, the Company develops high-quality condominiums and converts existing apartments to for-sale multifamily communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in 10 markets across the country. Post Properties owns 22,435 apartment homes in 62 communities, including 1,747 apartment units in five communities held in unconsolidated entities and 2,266 apartment units in seven communities (and the expansion of one community) currently under construction and/or in lease-up. The Company owns and is developing and selling 535 for-sale condominium homes in four communities (including 137 units in one community held in an unconsolidated entity) and is converting apartment units in two communities initially consisting of 349 units into for-sale condominium homes through a taxable REIT subsidiary. Action News is a monthly publication of the Richardson Chamber of Commerce Communications Department. Click here to Unsubscribe or email rsvp@richardsonchamber.com. |
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