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30-Acre Site Prepping Starts for $140M TOD

RICHARDSON, TX-Winston Capital and L&B Realty Advisors turn construction crews loose today to ready the site for 140 townhouses, 500 apartments plus office and retail.

By Connie Gore | Updated on April 03, 2008

[IMGCAP(1)]RICHARDSON, TX-Winston Capital Corp. and L&B Realty Advisors today are breaking ground on Brick Row, a $140-million project of mixed-use urban space with a DART light-rail station as its anchor. The 30-acre development has been seven years in the making.

By month’s end, Winston Capital will have 140 townhouse lots ready to turn over to David Weekley Homes. The first units will deliver by early fourth quarter. In sync with the 10 acres of townhouse construction, Winston Capital will build three multifamily buildings, totaling 500 units, and incorporate 36,000 sf of retail and 10,000 sf of office into the project at 111 E. Spring Valley Rd. The first retailer to jump on board is Dunkin Donuts, which will put its flagship urban format into a 2,000-sf build-to-suit at the hard corner of Spring Valley Road and Greenville Avenue.

“This is not density for the sake of density,” Chris Ray, assistant vice president of Dallas-based Winston Capital, explains to GlobeSt.com. “It’s density for urban use and sustainability.”

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