Development
BY DUSTIN BUTLER
City seeking developer for Arapaho Center Station project
The city of Richardson is looking for a master developer for a project at the Dallas Area Rapid Transit Arapaho Center Station, according to a news release issued by the city. The city is partnering with commercial real estate firm CBRE with the goal of transitioning the station into a mixed-use development. It is one of several transit-oriented developments by DART to revitalize stations in North Texas, per the release. The overview The nearly 15-acre site redevelopment aims to enhance the city’s business landscape and public transportation access, and bring resident, retail and commercial opportunities, the release states. City Manager Don Magner said the city has stra- tegically leveraged DART stations, and Arapaho Center Station is the last opportunity on the Red Line to differentiate Richardson in North Texas. Magner said the station is the “front door” of the Richardson Innovation Quarter, a hub for
tech-based businesses. “Hopefully, this will catalyze bigger and better things in the remaining 1,200 acres,” Magner said. Looking ahead Magner said the completed development will offer a mix of residential, retail, restaurant and entertainment options, similar to other mixed-use developments such as CityLine. CBRE Southwest Regional Manager Peter Jansen said the company’s role is to advise the city in the developer selection process. Jansen said the current zoning and entitlements at the property will allow for “significant amount of development,” with over 1 million square feet of buildable space available by right, meaning developers won’t need City Council approvals. Why it matters Magner said the Arapaho Center Station redevel- opment efforts will set the tone for future projects.
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The city is largely built-out, so Magner said staff has focused on redeveloping areas. “It’s going to create a place where [residents] can come and enjoy restaurants and entertain- ment,” Magner said. What’s next Jansen said the selection process for a devel- opment partner will take about a year. The project will be multiphased, with the initial phase completed in 2027 or 2028.
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