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First Phases of $1B MXD Set to Open in 2010

CARROLLTON, TX-High Street Residential will do face maps for three transit-oriented projects in the city. Phase ones will rise and open in sync with DART light-rail stations.

By Connie Gore | Updated on April 17, 2008

CARROLLTON, TX-If all goes as planned, the first phases of mixed-use space at three transit-oriented project sites will be on line in 2010 in step with the opening of their Dallas Area Rapid Transit light-rail stations. The city’s triple play, with High Street Residential at the helm, is projected to add $1 billion of value to the municipality’s tax base.

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.

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