Real estate services and investment firm CBRE and the City of Richardson have partnered to release a Solicitation Notice seeking innovative proposals related to the redevelopment of Dallas Area Rapid Transit (DART)’s Arapaho Center Station. Richardson is seeking a private development partner to develop a transit-oriented, mixed-use development on the 14.47-acre property.
Arapaho Center Station is one of several transit-oriented development projects that DART is executing to reinvigorate stations throughout the metroplex. DART and the City’s partnership entrusts the City with the stewardship of its development and selection of a suitable development partner to execute the City’s vision and augment DART’s services through the development of the site.
The site is a key gateway to the Richardson Innovation Quarter (The IQ®), home to more than 1,000 businesses with over 19,000 workers. Plans for the mixed-use development are intended to complement Richardson’s thriving business landscape, enhance public transit access, and introduce innovative residential, retail and commercial opportunities that solidify the Arapaho Center Station as a catalyst for the City and region.
More information/forms for proposals: www.ArapahoCenterStation-rfp.com
