Study: $4B in projects mapped near DART stationsStudy: $4B in projects mapped near DART stationshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=50612014-02-04T07:26:00Z2014-02-04T00:00:00Z

DALLAS - Dallas Area Rapid Transit (DART) and the University of North Texas (UNT) have completed a study of the impact of the commuter rail system on the Dallas-area real estate market.

Since the first transit-oriented project — Mockingbird Station — was announced in 1997, the private sector has spent more than $1.5 billion on real estate developments adjoining DART’s rail stations. The bulk of that — more than $1.1 billion in property value — has been for apartments and retail construction near the transit stops.

“If we look at what has been planned and under construction within these areas, that’s another $3.8 billion of development activity,” said Terry Clower, director of UNT’s Center for Economic Development and Research, who worked on the study for DART.

The biggest of those is developer KDC’s huge Richardson CityLine project which includes a regional campus for State Farm Insurance, shops, apartments and hotel rooms. The total value of just that one deal is about $1.5 billion.

Dallas Morning News
Dallas-Fort Worth-Arlington
Infrastructure & Transportation
http://bizbeatblog.dallasnews.com/2014/01/new-study-almost-4-billion-in-real-estate-projects-in-the-works-near-darts-rail-stations.html/Read more at {Source}

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