By Alex Ciorogar
Drury Development Corp. bought a 9.24-acre, mixed-use, zoned tract of land in Arlington, Texas. The site will be used for the building of a full-service hotel. Located at Center Street and I-30 (west of the Lincoln Square retail center), the property will feature a 268-unit Drury Plaza Hotel and a restaurant.
North Arlington is one of the fastest-growing areas in the Dallas-Fort Worth metro. “Drury was drawn to the development opportunity in North Arlington due to the area’s tremendous growth, many amenities and extensive entertainment options that regularly draw hotel guests from more than 100 miles away,” said Larry Jordan, vice president of Transwestern’s Retail Services Group, in prepared remarks. “The Drury Plaza Hotel will be one of the first full-service hotels constructed in North Arlington’s entertainment district since the Arlington Convention Center Hotel was built on Ballpark Way nearly 20 years ago.”
Senior Vice President Larry Jordan and Managing Director Steve Williamson of Transwestern’s Retail Services Group represented the seller.
Image courtesy of Transwestern