|Transit-Oriented Development (TOD) is a land use pattern and development style with unique characteristics, based on the proximity and relationship of property to a transit facility, such as a light rail station. Special regulations and plans are developed to take advantage of the development potential in the area surrounding a transit facility.
- Four light rail stations in Richardson—Spring Valley, Arapaho Center, Galatyn Park, and Bush Turnpike.
- A potential station, adjacent to the University of Texas at Dallas on the Cotton Belt line, is being planned as part of the Cotton Belt Rail project which will extend light rail service to DFW International Airport.
Richardson has 3 TOD/Mixed-Use type developments:
- Brick Row - next to the Spring Valley Station.
- Amli Galatyn Station - close to Galatyn Park Station.
- Eastside - 10-minute walk between Galatyn Park or Arapaho Station via connecting hike/bike trails.
- $140 million development by Winston Capital Corporation, L&B Realty Advisors and financial partner, Michigan Employees Retirement Fund
- Adjacent to Spring Valley DART station
- 500 new upscale loft-style apartments: leasing has been extremely strong - over 90%
- For Sale townhomes by CB JENI Homes ($150,000K+)
- Development features 2-acre McKamy Springs Park between the townhomes and apartments, surrounding the historic McKamy Springs (ancient Indian watering spring) and hike and bike trails
- 11,000 square feet of retail space currently available along Spring Valley, has a pedestrian-friendly layout for restaurants, office and retail services.
- Crescent Moon Restaurant
- Retail leasing contacts: Matt Baisch and Hank Wright, The Weitzman Group
|TOD/Mixed-Use Development: Eastside
- $90 million development by Skyrise Properties and Greenway Investments, completed in 2009
- Located 1/2 mile between the Arapaho and Galatyn Park DART Stations
- Post Eastside: 450 high-end, loft style apartment homes, built/managed by Post Properties - 95% leased with
ground floor retail leased by City Commercial
- 35,000 square feet of additional office space,
and a 165,000 square-foot existing office building
- 90,000 square feet of retail and restaurants leased by Mitch Traub, The Retail Connection.
- One-acre park with amphitheater and pedestrian walks, outside dining venues
- Panera Bread
- Jersey Mike's Subs
- Twisted Root Burger Co.
- Russo's NY Italian Kitchen
- Urban Eatz
- Yumilicious Yogurt Shop
- Chiloso Mexican Bistro
- Tiff's Treats Cookies
- Bikini Sports Bar & Grill
- Mena's Tex-Mex Grill (open March 2013)
- Wicked Po'Boys & Seafood
- Sweet Mix Dessert Shop
- 7-Eleven (Thank heaven!)
- Frost Bank
- Sport Clips
- Hair Salon
- Dentist office
TOD Development: Amli Galatyn Station (formerly The Venue)
- $35 million upscale mid-rise apartment development by Legacy Partners.
Purchased by Amli Group in Nov. 2011
- Adjacent to Galatyn Park DART Station
- Across the street from Eisemann Center for Performing Arts and Bank of America Financial Services campus (3 bldgs)
- Opened in 2008, now 95% leased
- Two on-site restaurants, Sol Irlandes Mexican Chop House, Froots Smoothies/Sandwiches
To learn more about the City of Richardson's TOD/Mixed-Use planning go to TOD Planning.