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Addison Redevelopment Project

By
Real Estate Agent with HomeSmart Stars TX #0552717

Addison Circle Retail & Living SpaceAccording to Addison Magazine, the Fall 2007 issue, a major redevelopment project is about to begin in Addison.  United Dominion Realty Trust (UDRT) is acquiring approximately 2,400 rental units near Brookhaven Country Club with the intention of tearing them down and rebuilding new ones in their place.  These are the apartments currently on Brookhaven Club Drive and may possibly include some along Marsh Lane and Spring Valley Road.

UDRT plans to include office space and retail space in the reconstruction, expected to take 6-10 years.  The new west side development will rival Addison Circle, the north side self-contained master-planned community with brownstone style apartments intergrated with retail, dining and office storefronts.  The plan is to continue the new urbanism theme, blending work, retail and housing all within the same community.

When I first moved to Dallas (almost 30 years ago), I lived in an apartment on Spring Valley near Brookhaven Club Drive for a few years.  A revitalization of the area now is a positive step.  But where and how will the 2,400+ current residents be absorbed?

Posted by

Lorrie Semler, REALTOR
HomeSmart Stars

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Comments (5)

Linda Box Taylor
Castle Connections Realty - Plano, TX
Your Plano, TX Realtor
That is great to hear.  I think that area needs some help.  Thanks for the update!
Sep 03, 2007 02:50 PM
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

2400 isn't that much. really. I bet they fill the place pretty quick.

I hear of people talking about Addison a lot.

Fun place for young professionals

Sep 04, 2007 05:27 AM
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
HomeSmart Stars - Addison, TX
Real Service. Real Results. Real Estate

UDRT is planning to double the density to 5,000 units!  And they're anticipating the creation of a park and the extension of the trail to the Addison Athletic Club. Their working name for this is "The Brookhaven Project." 

Addison is a fun place for us old fogies, too.  We've got shopping, restaurants, theater and more.  We embrace the "live, work, play and stay" philosophy.  And speaking of playing, Oktoberfest is right around the corner....

Sep 04, 2007 02:54 PM
Anonymous
I used to live at the Talisker on Brookhaven

It's a shame that Addison which I thought I would never move from wants to price out middle class Americans.  True it could use a face lift and I am appalled that certain people can just discard the lives of over 2400 people like that. I am sure you lose no sleep because hey we just live, and buy there. Funny though you have no problems accepting money from those you throw into the streets. And just for your education, the people at the Talisker like to cook the books so to speak. I know they used illeagal means to tap into my account for my apartment when I lived there.  I am sure the IRS would love to hear about that one.

May 14, 2008 07:05 AM
#4
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
HomeSmart Stars - Addison, TX
Real Service. Real Results. Real Estate

There is affordable housing in Addison, whether you are renting or buying.  You DO have to have decent credit, though.  Let me point you to the local IRS office which is very close by, in Farmers Branch.  Head south on Midway Road towards LBJ freeway and turn right onto Alpha.  It will wind around and the Federal Building is on the left, across from the new townhome development.

May 14, 2008 01:57 PM