[IMGCAP(1)]ADDISON, TX-UDR Inc. tomorrow will break ground on the $1-billion Vitruvian Park, a mixed-use development with 5,500 residential units and up to one million sf of retail and office space. The build-out will be phased in through 2017.

The Highlands Ranch, CO-based REIT is beginning with 667 apartments, a 12-acre park, 36,000 sf of retail and 15,000 sf to 18,000 sf of office along Brookhaven Club Drive, where 21.5 acres are being scraped of the 382-unit Green Haven Apartments along with part of a 24-acre tract of the 360-unit Addison at Brookhaven at 4010 Brookhaven Club Dr. UDR has invested two years into amassing the 100-acre tract, containing nine multifamily complexes, and planning the project with Addison officials. It is the developer’s largest project in its 30-year history and the city’s largest sustainable green development.

Mark Culwell Jr., senior vice president of development for UDR Inc., says the second phase to the six-stage project is slated to start in 2009. Memphis-based Looney Ricks Kiss Architects Inc.’ Dallas team is designing a 500-unit expansion with about 40,000 sf of retail and an as-yet undetermined amount of office. Phase one was designed by WDG Architecture Inc. of Dallas. The general contractor is Andes Construction Co., also from Dallas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.