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ADDISON, Texas — Sept. 10, 2025 — The Town of Addison is moving forward with one of the region’s most anticipated transit-oriented developments. On Tuesday, the Addison City Council approved a development agreement with Dallas-based Quadrant Investment Properties for Addison Junction, a $240 million mixed-use project set to rise at the Addison Circle Silver Line Station.

Addison will invest $40 million in infrastructure and two public garages, leveraging more than $200 million in private development. At build-out, Addison Junction is projected to generate $300 million in annual economic output and support more than 1,600 permanent jobs.

The 14-acre district will combine a 155,550-square-foot mass timber office building, a 140-room boutique hotel, 30,000 square feet of entertainment space, and The Hangar, a 12,000-square-foot aviation-inspired event venue on DART property. Restaurants, a Texas-themed beer garden, rooftop patios, and public plazas are planned to knit the project into Addison Circle Park and the Cotton Belt Trail Corridor, part of the 57-mile regional hike-and-bike system.

“Addison Circle put us on the map more than 25 years ago as a leader in creating connected, walkable communities,” said Addison Mayor Bruce Arfsten. “Addison Junction takes that vision to the next level. It will be a destination where people can work, gather, and celebrate, while also strengthening Addison’s role as one of the most connected and dynamic communities in North Texas.”

The project reflects years of planning and shifting market dynamics. Addison began assembling land around the rail corridor in the 1980s, anticipating a day when light rail service would reach the community. In 2019, the Town adopted the Addison Circle Special Area Study to guide development around the Silver Line station.

Earlier concepts envisioned more residential density, but changes in the market and development partnerships steered the project toward a commercial and entertainment focus. QIP, known for urban office redevelopment and placemaking, emerged as Addison’s partner in 2025.

“As an economic developer, this is the kind of project we’ve been working toward for years,” said Wayne Emerson, Addison’s Director of Economic Development. “Quadrant’s innovative approach and focus on quality position Addison Junction as the center of gravity along the Tollway.”

Addison Junction is located at the crossroads of Addison Circle, Addison Airport, the Dallas North Tollway office corridor, and the Town’s bus transit center. The DART Silver Line, currently under construction, will place Addison on a 26-mile commuter rail system linking Plano, Richardson/UT Dallas, Carrollton, Cypress Waters, Dallas, and DFW International Airport.

“Addison Junction offers a rare canvas to provide a destination pedestrian oriented district that will bring together office, hospitality, and entertainment on one of the last infill sites of scale in DFW,” said Chad Cook, Quadrant’s founder and managing partner. “With the Silver Line at its front door, this will be a true destination blending regional connectivity with placemaking.”

Project photos can be found at addisoned.com/AddisonJunctionRenderings. 

About Quadrant Investment Properties

Quadrant Investment Properties is a Dallas-based real estate investment and development firm specializing in urban office redevelopment and placemaking. Since 2012, QIP has invested more than $1.17 billion across three million square feet of projects, delivering innovative and sustainable spaces that attract forward-looking companies and create lasting community value.

About the Town of Addison

Addison, Texas is a vibrant 4.4-square-mile urban hub with more than 200 restaurants, 22 hotels, 12 million square feet of office space, and upscale residential options. Home to more than 2,000 businesses,17,000 residents and a daytime population exceeding 100,000, Addison offers prime access to a diverse and highly skilled workforce. The Town is also home to Addison Airport, one of the busiest general aviation airports in Texas, and is known for world-class special events, exceptional amenities, and a dynamic business climate that makes it a premier destination in North Texas. Learn more at AddisonED.com.

The Town of Addison City Council has approved a new zoning map as part of the Unified Development Code, a milestone in modernizing the Town’s development regulations. Zoning, first established in Addison in 1965, determines how land can be used for homes, shops, offices, parks, and other purposes and sets development standards like building size, lot layout, and design.

Before this update, Addison had 17 zoning districts shaped by decades of amendments to the original ordinance. The new map streamlines and modernizes the framework into 15 districts that are easier to understand, and better aligned with the Town’s vision for future growth. While the Unified Development Code does not create a separate parks zoning district, parks are allowed in all zoning districts, giving flexibility to tailor uses in each park based on its surroundings.

The adoption of the new zoning map marks the final step in a process that began in 2019 and included multiple code drafting phases, testing, public engagement, and thorough review by staff, advisory committees, the Planning and Zoning Commission, and City Council. The Unified Development Code was adopted in March 2025 and will take effect along with the new zoning map on September 1, 2025. More details are available at www.addisonudc.org.

You can watch the Council's UDC Zoning Map discussion here and read the presentation here.

Phase 1 of the Les Lacs Pond renovation is complete, and visible work on Phase 2 is set to begin this week. Drone footage captured this week shows the extensive progress made so far and offers a look at the transformation already underway. 

Phase 2 is set to finish by November 2025. For safety reasons, the site must remain closed during this phase. The contractor will be operating heavy equipment such as tractors and trenchers to bring in topsoil, lay sod, and install irrigation. Once the heavier work is complete and it’s safe for visitors, Addison plans to reopen the space to the public before the project’s final completion.

The Town has received several questions about the final depth of the pond. Under the alternate option selected by the City Council, the renovated pond will range from 4 feet deep at its shallowest points to 8 feet at its deepest. A 2-foot clay liner has been installed throughout to support water quality, durability, and habitat health.

Stay tuned for more updates and a look at the next phase as construction continues.