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 are currently located within 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 currently being studied.
Richardson has 3 new 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.
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- $140 million development by Winston Capital Corporation, L&B Realty Advisors and financial partner, Michigan Employees Retirement Fund
- Adjacent to Spring Valley DART station
Development features:
- 500 new upscale loft-style apartments: leasing has been extremely strong - over 90%
- For Sale townhomes ($200K+)
- Condominiums, will come later in Phase II
- Development features 2-acre McKamy Springs Park between the townhomes and apartments, surrounding the historic McKamy Springs (ancient Indian watering spring) lined with hike and bike trails
- 80,000 square feet of retail and office space along Spring Valley, will have a pedestrian-friendly layout
with restaurants, office and retail services. - Retail leasing contact: Wyatt Russo, The Retail Connection.
- Office leasing contact: Janice Peters, Hudson Peters Commercial
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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
- 35,000 square feet of additional office space, plus 165,000 square-foot existing office building
- 90,000 square feet of retail and restaurants leased by Mitch Traub
- One-acre park with amphitheater and pedestrian walks, outside dining venues
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Eastside Tenants
- Panera Bread
- Jersey Mike's Subs
- Twisted Root Burger Co.
- Russo's NY Italian Kitchen
- Kinado Japanese/Sushi
- Chicago Pizzeria
- Urban Eatz
- Yumilicious Yogurt Shop
- Chiloso Mexican Bistro
- Tiff's Treats
- Bikini Sports Bar & Grill (new!)
- Sweet Mix Dessert Shop
- 7-Eleven (Thank heaven!)
- Frost Bank
- Sport Clips
- T-Mobile
- Hair Salon
- Coming soon:
Wicked Po'Boys & Seafood!
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TOD Development: Amli Galatyn Station (formerly The Venue) |
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- $35 million upscale mid-rise apartment development by Legacy Partners.
Recently purchased by Amli Group Nov. 2011 - Adjacent to Galatyn Park DART Station
- Across the street from Eisemann Center for Performing Arts and Bank of America Financial Services complex
- 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. |