$240M DFW Mixed-Use Development Gets Green Light
The transit-oriented project will include office, hotel, retail and entertainment space.
The Addison, Texas City Council has approved a development agreement with Quadrant Investment Properties for Addison Junction, a $240 million mixed-use development covering 14 acres.
The local government is investing $40 million in the project, which will help develop the area’s infrastructure and two public garages, alongside $200 million from private sources.
Wayne Emerson, Addison’s director of economic development, told Commercial Property Executive that the project is expected to break ground in the summer of 2026, with an expected completion in spring 2029.
The property will include a 155,550-square-foot mass timber office building, a 140-key hotel and more than 40,000 square feet of entertainment and event space. The district will also comprise dining options, rooftop patios and public plazas.
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The transit-oriented project will be situated alongside the upcoming DART Silver Line and will include a stop for the route. The Silver Line, which is expected to be completed in 2026, will connect Dallas-Fort Worth International Airport with several nearby Texas cities, including Carrollton, Addison, Richardson and Plano.
Planners originally intended for the project to include residential units but later shifted their focus to commercial and entertainment space.
Strong pipeline in metro Dallas
Another major mixed-use asset that recently opened in Dallas is 23Springs, a 641,563-square-foot property that includes a 26-story office tower and two free-standing restaurant spaces, along with a park.
The 23Springs office building was already 63 percent leased before opening, with major tenants including Deloitte and law firm Sidley Austin LLP. Two of the site’s three restaurant spaces have also been leased.
The Dallas-Fort Worth metro area had more than 3 million square feet of office space under construction in the first half of 2025, according to Yardi Research Data. That figure is the second-largest in the country, behind Boston’s 5.9 million square feet under development.
