{"id":1004576232,"date":"2022-04-14T12:32:39","date_gmt":"2022-04-14T20:32:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004576232"},"modified":"2022-12-08T12:52:04","modified_gmt":"2022-12-08T20:52:04","slug":"stream-realty-jv-to-develop-472m-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-to-develop-472m-mixed-use-project\/","title":{"rendered":"Stream Realty JV to Develop $472M Mixed-Use Project"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"880\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576234\" data-id=\"1004576234\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg 1173w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">The office building of the transit-oriented development in Addison, Texas. All rendering courtesy of the Town of Addison<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"880\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576233\" data-id=\"1004576233\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transit-oriented-development-in-Addison-Texas-Town--e1649944624553.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transit-oriented-development-in-Addison-Texas-Town--e1649944624553.jpg 1173w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transit-oriented-development-in-Addison-Texas-Town--e1649944624553.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transit-oriented-development-in-Addison-Texas-Town--e1649944624553.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transit-oriented-development-in-Addison-Texas-Town--e1649944624553.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">13-story multifamily building <\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1249\" height=\"937\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576236\" data-id=\"1004576236\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/05_jpg-e1649944910595.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/05_jpg-e1649944910595.jpg 1249w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/05_jpg-e1649944910595.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/05_jpg-e1649944910595.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/05_jpg-e1649944910595.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1249px) 100vw, 1249px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"880\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576235\" data-id=\"1004576235\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/03_jpg-e1649944845523.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/03_jpg-e1649944845523.jpg 1173w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/03_jpg-e1649944845523.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/03_jpg-e1649944845523.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/03_jpg-e1649944845523.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Addison Circle Park<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"880\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576237\" data-id=\"1004576237\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/06_jpg-e1649945014278.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/06_jpg-e1649945014278.jpg 1173w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/06_jpg-e1649945014278.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/06_jpg-e1649945014278.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/06_jpg-e1649945014278.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1149\" height=\"862\" alt=\"Cotton Belt Campus Labels_png\" class=\"wp-block-jetpack-slideshow_image wp-image-1004576239\" data-id=\"1004576239\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Cotton-Belt-Campus-Labels_png-e1649945092217.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Cotton-Belt-Campus-Labels_png-e1649945092217.jpg 1149w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Cotton-Belt-Campus-Labels_png-e1649945092217.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Cotton-Belt-Campus-Labels_png-e1649945092217.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Cotton-Belt-Campus-Labels_png-e1649945092217.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>The <strong>Addison City Council<\/strong> through a memorandum of understanding has selected <strong>Stream Realty Partners<\/strong> and <strong>AMLI Residential <\/strong>as master developers of a $472 million transit-oriented development across 18 acres in Addison, Texas. <strong>Cushman &amp; Wakefield<\/strong> facilitated the deal, which received multiple offers from developers.<\/p>\n<p>The initial phase of the mixed-use project will include a nearly 160,000-square-foot office building. An additional 150,000 square feet of office space is expected to be delivered at a later stage. The preliminary construction timeline for the first phase includes an anticipated groundbreaking in the second quarter of 2023 and completion set for mid-2024.<\/p>\n<p>The first phase will incorporate:<\/p>\n<ul>\n<li>A six-story building with 150,000 square feet of Class A office space and 9,000 square feet of retail space on the ground floor<\/li>\n<li>A seven-story and a 13-story luxury multifamily component with a combined 14,000 square feet of retail<\/li>\n<li>A parking structure with 650 spaces as well as street-level retail<\/li>\n<li>An entertainment complex encompassing 45,000 square feet<\/li>\n<\/ul>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/qa-tbg-partners-mark-meyer-on-dallas-evolving-office-design\/\">Q&amp;A: TBG Partners\u2019 Mark Meyer on Dallas\u2019 Evolving Office Design<\/a><\/p>\n<hr>\n<p>The mixed-use development will take shape along the 10-acre Addison Circle Park, clustered around the city\u2019s future Dallas Area Rapid Transit (DART) Silver Line station. The upcoming Silver Line or Cotton Belt Regional Rail Corridor will stretch across 26 miles and seven cities. The commuter rail extension will connect the Dallas-Fort Worth International Airport to Plano, Texas. Another developer taking advantage of the Silver Line is Transwestern Development Co. The company has teamed up with BC Station Partners to deliver <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-jv-unveils-plans-for-dallas-area-office-project\/\">The Exchange at CityLine<\/a>, a forthcoming six-story office project in Richardson, Texas.<\/p>\n<h2>Office development across DFW<\/h2>\n<p>Based on Cushman &amp; Wakefield data, the Dallas-Fort Worth metro had 4.7 million square feet of office space underway in the first quarter of 2022. During the same period, the market had a 21.6 percent overall vacancy rate, a 10-basis-point contraction compared to the previous quarter.<\/p>\n<p>In March, Stream Realty Partners broke ground on <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-lands-176m-for-uptown-dallas-project\/\">The QUAD<\/a>, a 350,000-square-foot mixed-use project in Uptown Dallas. MSD Partners provided a more than $176 million construction loan for the development, which is expected to come online by early 2024.<\/p>","protected":false},"excerpt":{"rendered":"<p>The suburban Dallas transit-oriented development will come online in 2024.<\/p>\n","protected":false},"author":1763,"featured_media":1004576234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21742,21747],"tags":[47264,32799,33358],"class_list":["post-1004576232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-latest","category-office","tag-amli-residential","tag-cushman-wakefield","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stream Realty JV to Develop $472M Mixed-Use Project - CPE<\/title>\n<meta name=\"description\" content=\"The Addison City Council selected Stream Realty Partners and AMLI Residential to develop a $472 million transit-oriented in Addison, Texas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-to-develop-472m-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stream Realty JV to Develop $472M Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"The Addison City Council selected Stream Realty Partners and AMLI Residential to develop a $472 million transit-oriented in Addison, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-to-develop-472m-mixed-use-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-14T20:32:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:52:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/22_01.18-Cotton-Belt_Office-e1649944737234.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1173\" \/>\n\t<meta property=\"og:image:height\" content=\"880\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-to-develop-472m-mixed-use-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-to-develop-472m-mixed-use-project\/\",\"name\":\"Stream Realty JV to Develop $472M Mixed-Use Project - 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