High Street Residential, a wholly owned subsidiary of Dallas-based Trammell Crow Co., is ready to dig into site assessments to master plan the target areas, which include scores of stakeholders. "We will build the face map and then craft strategies for vertical development as fast as possible," says Art Lomenick, managing director of Trammell Crow Co. and High Street's president.
DART's station plans have jump-started mixed-use development planning in the Downtown at Belt Line Road and Broadway; Trinity Mills at the Blanton and Trinity Mills road and extending to the junction of President George Bush Turnpike and Interstate 35E; North Carrollton at Frankford Road, just east of I-35. Lomenick tells GlobeSt.com that each project area has the capability of becoming another Addison Circle or Legacy Town Center. And, he says at least one project site will have a hotel incorporated into its face map.
Like others in his field, Lomenick says sustainability is built into projects through a well-rounded mix of components. Addison Circle, which he helped to develop, has 30% for-sale residential units and the balance is rental. He says Carrollton's projects will be mapped out with similar variations as did neighboring Garland with its DART-anchored TOD, a $35-million undertaking that breaks ground next week. Tonight, Irving leaders will unveil mixed-use plans for a five-mile stretch of Irving Boulevard, much of which also is TOD-oriented space.
"A true vibrant mixed-use development that's sustainable for a long time is going to have enough critical mass and components that it can sustain itself," Lomenick says. "It's expensive to execute and do it right."
Lomenick says "four or five" companies were vying for Carrollton's nod. Each TOD development will include retail, residential and office space, with each in line to come on line when DART opens its stations in 2010. "We want to have the first phases up and running by then," Lomenick says.
Carrollton leaders believe the Downtown station will provide one of the greatest growth opportunities for the next 15 to 20 years. In a press release, officials say "the goal is to incorporate the feel of the historic square throughout the transit district."
Trinity Mills' TOD is envisioned as a "modern streamlined look" in a vertical and dense packaging. The North Carrollton station will be the last stop on DART's green line that has jump-started a vision for a golf-oriented TOD and high-density residential to leverage a nearby amenity, Indian Creek Golf Club, one of the top-rated public courses in the Dallas/Fort Worth metroplex.
"We are looking forward to delivering mixed-use developments that align with the city's vision for the future," Kim McCormick, High Street vice president, says in the release. "We've put together an award winning-design and development team, all of whom have been involved with some truly remarkable mixed-use projects throughout the Dallas metro area and the US."
Lomenick's mixed-use developments crisscross the US. The surge in cities implementing projects is a natural evolution of the Main Street program. "Things are getting more organized and thoughtful at the municipal level. Cities have to be thinking in terms of 100 years. They have to think long term," Lomenick tells GlobeSt.com. "It's really about cities taking back control of the built environment.
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