Steven Glickman, Chief Financial Officer
Addison, Texas
Addison, Texas
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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.
At the July 22 meeting, Council received a presentation from Deputy Director Ashley Shroyer highlighting progress on the Cotton Belt Trail. The presentation detailed the project’s history; the Addison City Council, North Central Texas Council of Governments (NCTCOG), and Regional Transportation Council (RTC) action dates; and specifics on the trail’s alignment, crossings, and funding.
This 57-mile trail is designed as a regional expressway for active transportation, serving cyclists, pedestrians, and other nonmotorized users. It is a partnership between NCTCOG, the RTC, DART, Dallas County, and local municipalities.
There are three major segments in Addison:
Midway Road Bridge
While designated as Phase One, this will be the second segment constructed. It is funded through a $12.2 million grant from NCTCOG's Regional Transportation Alternatives program with no local match required. Design on this section, which will be built between Wheeler Bridge and the new Silver Line crossing, has been completed.
Surveyor Boulevard to Dallas North Tollway
The segment from Midway Bridge to the Dallas North Tollway has been awarded $7.1 million through TxDOT's Transportation Alternatives Funding Program and requires a $307,469 local match. Dallas County is also contributing over $700,000 to this section. The trail will be 12 feet wide in most places, but 14 feet wide between Addison Road and Quorum Drive. This will be the first phase completed, and construction recently got underway near the Silver Line station.
Midway Bridge to Marsh Lane
The segment from Midway Bridge to Marsh Lane is currently unfunded, though a funding request has been submitted to the TxDOT Transportation Alternatives program. Design and construction documents have been completed.
Funding for trail amenities is still to be determined.
At the May 27 meeting, the City Council approved a Resolution of Support for Phase 3 of the Cotton Belt Trail, which runs adjacent to DART's Silver Line, marking a significant step toward completing Addison’s portion of this regional trail corridor. The Cotton Belt Trail is part of the North Texas Regional Veloweb, an ambitious 2,165-mile network of shared-use paths connecting communities from Plano to Fort Worth.
Phase 3 covers the final segment in Addison, stretching from Marsh Lane to Surveyor Boulevard. If funding is secured through TxDOT’s Transportation Alternatives Set-Aside Program, construction of this phase will be fully covered with no cost to the Town. The trail will ultimately provide a continuous path linking Addison to key destinations, including DFW Airport, downtown Carrollton, the future Addison Silver Line Station, and beyond.
Thanks to strong regional collaboration with Dallas Area Rapid Transit (DART), the North Central Texas Council of Governments (NCTCOG), and Dallas County, Addison’s trail design is now fully funded. The Town will assume maintenance responsibilities once construction is complete in mid to late 2026, with a license agreement to be considered at a future Council meeting.
Addison's financial policies require the publication of a financial report 60 days after the end of each fiscal quarter. The financial and investment reports CFO Steven Glickman presented to the Council at its May 27 meeting covered the financial performance for the second quarter of Fiscal Year 2025 (January 1, 2025 - March 31, 2025). Some key highlights included:
The Second Quarter Investment Report adheres to the Town's Investment Policy as adopted by the Council and is in keeping with all State laws. You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.
At its May 6 meeting, the Addison City Council received an update on the development of a new Police and Courts facility. This presentation marked the latest step in a process that began in 2019 with a Facility Utilization and Consolidation Study conducted by LPA Architects. That study, followed by a second phase led by MPI Architects, explored space needs, site planning, and long-term options for Addison’s public safety and municipal operations.
Council and staff have been working through the results of both studies since 2020. A consensus emerged in early 2023 to focus efforts on evaluating a new facility for the Police Department and Municipal Court. That vision advanced at the 2024 Strategic Planning Retreat, where Council gave the green light for staff to begin planning and funding work. In May, the Council approved a $35 million Certificate of Obligation to support the project.
During the May 6 meeting, staff reviewed the facility’s space needs, estimated costs, and site considerations. Council also discussed the challenges of constructing a purpose-built public safety building that will serve the community’s growing needs while balancing cost, location, and operational efficiency.
Council indicated their desire to form a Bond Committee in 2025 to review proposed facility, options, and costs and provide recommendations to the Council. As part of the process, staff will present other potential projects for committee consideration. The Council will revisit this discussion in June.
Addison's financial policies require the publication of a financial report 60 days after the end of each fiscal quarter. The financial and investment reports CFO Steven Glickman presented to the Council at its November 12 meeting covered the financial performance for the fourth quarter of Fiscal Year 2024 (July 1 - September 30, 2024). Some key highlights included:
The Fourth Quarter Investment Report adheres to the Town's Investment Policy as adopted by the Council and is in keeping with all State laws. You can watch the Council's quarterly update discussion here, review the presentation here, and read the Financial Report here.
The City Council approved a $247,500 contract with Gliden Industries to serve as the Construction Manager at Risk for the Addison Conference Centre Remodel Project at its November 12 meeting. This project will reconfigure the facility to accommodate additional office space, supporting the Town’s Strategic Objective to explore opportunities for expanding and consolidating Town facilities.
The remodel project, with a budget of $2 million allocated in the FY25 Budget, is expected to last nine months from the start date. Gliden will oversee pre-construction planning and manage construction, ensuring that the project stays on schedule and within budget.
At its November 12 meeting, the Addison City Council adopted an ordinance to implement a rental and lodging registration and inspection program to enhance the health and safety of all rental properties and hotel/motel establishments throughout Addison. This program includes single-family, townhomes, duplexes, condominiums, apartments, and hotels/motels, and is scheduled to take effect on January 1, 2025.
The program is designed to:
The ordinance establishes registration requirements and inspection procedures. All rental property owners, including those of single-family homes and multi-family units, as well as hotel/motel operators, must register their properties annually by March 1, with registration expiring on December 31 each year. Registration fees are outlined in the Master Fee Schedule: $115 annually for single-family rentals, $25 per unit for multi-family, and $40 per unit for hotels/motels. Additional re-inspection fees may apply.
Exterior and interior inspections will be required for all rental properties, although properties built within the past five years are exempt from routine interior inspections unless complaints or violations arise. A minimum 14-day notice will be provided for interior inspections, which can be proactive or complaint-driven.
Violations may incur fines up to $2,000 per offense, per day. This program aligns with Council priorities to ensure safe and well-maintained properties, provide resources for education and outreach, and engage with property managers for ongoing improvements in rental standards.
At its recent meeting, the Addison City Council approved a resolution authorizing an Interlocal Cooperation Agreement (ILA) with Metrocrest Hospital Authority and the cities of Farmers Branch, Coppell, and Carrollton for the purchase of property to construct a new North Texas Emergency Communications Center (NTECC) facility. The NTECC, which provides vital public safety communications services, is approaching the end of its 15-year lease, prompting the need for a long-term solution to meet future operational needs.
The ILA marks a significant step toward building a dedicated facility for NTECC, which has been operating in leased space since its inception in 2014. An analysis conducted by NTECC’s Executive Director revealed that constructing a new facility would save an estimated $24.8 million over 30 years compared to continuing the lease. After considering these findings, the NTECC Board of Directors, comprised of the city managers from Addison, Farmers Branch, Coppell, and Carrollton, voted in favor of building a new center.
The selected site for the new NTECC facility is an undeveloped parcel of land owned by the Metrocrest Hospital Authority, located near Medical Parkway and Hebron Parkway. The total cost of the land, including closing fees, is $3.2 million. Addison's share which is based on the Town's average percentage of calls for service, is 16.807% or $537,824. To fund this project and the future construction costs, the Addison City Council has approved the issuance of $3.4 million in Certificates of Obligation.
All four of the cities have approved the ILA so the next step is for the NTECC Board to approve the final construction cost by April 2025. Construction is expected to begin in October 2025, and the new facility will start providing public safety communications services by October 2028.
Thank you to everyone who attended the October 29 Town Meeting at the Conference Centre! We had a great turnout, with many community members joining us for updates on the Town’s Strategic Key Focus Areas.
Ahead of the meeting, attendees had the chance to connect with Town departments, who were available to answer questions and share information on their ongoing projects and initiatives. Representatives from several local nonprofits, including Metrocrest Services and Metrocare, were also present, offering insights into their valuable community work.
During the meeting, the Council provided comprehensive updates on our strategic focus areas, highlighting current projects and future plans designed to enhance our vibrant, active, and connected community. We appreciate everyone’s engagement and look forward to continued progress on these priorities together.
If you missed the event, you can find the video here.
Construction has officially started on the Les Lacs Pond Improvements Project, which brings temporary roadway and trail closures on Beltway Drive. A new, clearly marked traffic pattern is now in place, with two-way traffic shifted to the westbound lanes on the north side of Beltway Drive. The eastbound lanes from Les Lacs Ave to Proton Dr are closed for the duration of the project, and this area is designated as an active construction zone. Heavy machinery and construction vehicles will have full access to the closed lanes, and the adjacent sidewalk is also closed with no exceptions.
For added safety, an opaque fence will enclose the pond and extend into Beltway Drive, marking the entire construction site. The public will not have access throughout the project, and ensuring the safety of our community and their pets is a top priority. If you see anyone entering the construction area, please report it to the Police Department’s Non-Emergency line at 469-289-3270.
Following the pond-related work, the project will enter its second phase to restore landscaping and irrigation. Our Park Planning and Development team, along with Town administrative staff, are committed to making this project a source of pride for our residents and visitors.
Here are some ways you can stay informed about this project:
We appreciate your patience and cooperation during this time.