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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.
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.
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.
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