ADDISON COUNCIL APPROVES DEVELOPMENT AGREEMENT FOR ADDISON JUNCTION

$240 million mixed-use project will link Addison Circle to DART's Silver Line and DFW International Airport

ADDISON, Texas, Sept. 10, 2025 /PRNewswire/ -- The Town of Addison is moving forward with one of the region's most anticipated transit-oriented developments. On Tuesday, the Addison City Council approved a development agreement with Dallas-based Quadrant Investment Properties for Addison Junction, a $240 million mixed-use project set to rise at the Addison Circle Silver Line Station.

Addison will invest $40 million in infrastructure and two public garages, leveraging more than $200 million in private development. At build-out, Addison Junction is projected to generate $300 million in annual economic output and support more than 1,600 permanent jobs.

The 14-acre district will combine a 155,550-square-foot mass timber office building, a 140-room boutique hotel, 30,000 square feet of entertainment space, and The Hangar, a 12,000-square-foot aviation-inspired event venue on DART property. Restaurants, a Texas-themed beer garden, rooftop patios, and public plazas are planned to knit the project into Addison Circle Park and the Cotton Belt Trail Corridor, part of the 57-mile regional hike-and-bike system.

"Addison Circle put us on the map more than 25 years ago as a leader in creating connected, walkable communities," said Addison Mayor Bruce Arfsten. "Addison Junction takes that vision to the next level. It will be a destination where people can work, gather, and celebrate, while also strengthening Addison's role as one of the most connected and dynamic communities in North Texas."

The project reflects years of planning and shifting market dynamics. Addison began assembling land around the rail corridor in the 1980s, anticipating a day when light rail service would reach the community. In 2019, the Town adopted the Addison Circle Special Area Study to guide development around the Silver Line station.

Earlier concepts envisioned more residential density, but changes in the market and development partnerships steered the project toward a commercial and entertainment focus. QIP, known for urban office redevelopment and placemaking, emerged as Addison's partner in 2025.

"As an economic developer, this is the kind of project we've been working toward for years," said Wayne Emerson, Addison's Director of Economic Development. "Quadrant's innovative approach and focus on quality position Addison Junction as the center of gravity along the Tollway."

Addison Junction is located at the crossroads of Addison Circle, Addison Airport, the Dallas North Tollway office corridor, and the Town's bus transit center. The DART Silver Line, currently under construction, will place Addison on a 26-mile commuter rail system linking Plano, Richardson/UT Dallas, Carrollton, Cypress Waters, Dallas, and DFW International Airport.

"Addison Junction offers a rare canvas to provide a destination pedestrian oriented district that will bring together office, hospitality, and entertainment on one of the last infill sites of scale in DFW," said Chad Cook, Quadrant's founder and managing partner. "With the Silver Line at its front door, this will be a true destination blending regional connectivity with placemaking."

Project photos can be found at addisoned.com/AddisonJunctionRenderings. 

About Quadrant Investment Properties

Quadrant Investment Properties is a Dallas-based real estate investment and development firm specializing in urban office redevelopment and placemaking. Since 2012, QIP has invested more than $1.17 billion across three million square feet of projects, delivering innovative and sustainable spaces that attract forward-looking companies and create lasting community value.

About the Town of Addison

Addison, Texas is a vibrant 4.4-square-mile urban hub with more than 200 restaurants, 22 hotels, 12 million square feet of office space, and upscale residential options. Home to more than 2,000 businesses,17,000 residents and a daytime population exceeding 100,000, Addison offers prime access to a diverse and highly skilled workforce. The Town is also home to Addison Airport, one of the busiest general aviation airports in Texas, and is known for world-class special events, exceptional amenities, and a dynamic business climate that makes it a premier destination in North Texas. Learn more at AddisonED.com.

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Lisa deLeon
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SOURCE Town of Addison