Addison has approved a $240 million development agreement with Quadrant Investment Properties for a project called Addison Junction. The 14-acre site will be located next to the future Silver Line Dallas Area Rapid Transit (DART) station, according to the Dallas Morning News.
The plan includes a 155,000-square-foot timber office building, a 140-key boutique hotel, and 30,000 square feet of entertainment space. Other features will include The Hangar, an aviation-themed event venue measuring 12,000 square feet, as well as rooftop patios, restaurants, public plazas, and a Texas-style beer garden.
The development is designed to connect directly with Addison Circle Park and the Cotton Belt Trail Corridor. This trail is part of a larger regional system spanning 57 miles for hiking and biking.
Addison will contribute $40 million toward infrastructure improvements and two parking garages. Quadrant is expected to invest more than $200 million in private funds. City officials estimate that once completed, the project could support over 1,600 permanent jobs and generate more than $300 million in annual economic output. Construction is scheduled to begin in 2026. There are currently no signed tenants for the office building and negotiations continue for the hotel operator.
City leaders have been planning transit-oriented development near this rail line since acquiring land in the area during the 1980s. In 2019, Addison adopted a special area plan focused on guiding growth around the Silver Line station.
This agreement replaces an earlier $472 million proposal with Stream Realty Partners and Amli Residential that would have included housing units. Changes in market conditions led city officials to shift focus toward commercial uses and entertainment venues instead.
Once complete, Addison Junction will connect directly into DART’s Silver Line—a commuter rail route linking Plano, Richardson, Carrollton, Cypress Waters, Dallas and DFW International Airport—reflecting broader efforts by North Texas suburbs to use transit infrastructure as an economic driver.
