Two real estate projects in the works will bring hundreds of new apartments, retail space and an office tower to Richardson.

Richardson already has North Texas largest development the $1.5 billion CityLine project on Bush Turnpike that is anchored by State Farm Insurances new campus.

Now, other major developments are planned nearby.

Property owners on the east side of North Central Expressway near Campbell Road plan to redevelop an old Richardson office complex into a mixed-use project.

The proposed development would include a new office high-rise plus more than 500 apartments to be constructed on a tract between Greenville Avenue and North Central.

The site now has about 145,000 square feet of aging office space in a handful of low-rise buildings.

Property owners Fobare Commercial and AGF have filed plans with the city of Richardson that show a 15-story office tower and two four-story apartment complexes that would replace the old office space on the east side of U.S. Highway 75.

Hunt Development Co. out of El Paso is our partner, developer Tod Fobare said Wednesday. We hope to start construction in the fourth quarter.

Hunt Development is already an apartment developer in North Texas. It has projects in Frisco and Allen.

The 13-acre Richardson project would be the second phase of the Eastside retail and apartment development that was built in 2007 at the southeast corner of North Central and Campbell.

Read the rest here:
Two more mixed-use developments are on the way in Richardson

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June 12, 2014 at 2:57 pm by Mr HomeBuilder
Category: Retail Space Construction