$135M Sustainable MXD Ready to Get Under Way

MIDLOTHIAN, TX-With financing now in hand, Options Real Estate Investments Inc. will break ground in 60 days on a $135-million, LEED-qualified mixed-use community in Ellis County. The New Urbanism project, slated for 131 acres at the edge of an 1890-era Downtown, will take about seven years to build out.

The developer, Monte Anderson, is wearing two hats with the project: president of the Desoto-based Options Real Estate and founding president of the Dallas chapter of Chicago-based Congress for New Urbanism. Anderson’s MidTowne project could be the first LEED-qualified mixed-use of its size in North Texas, possibly even the state.

“It will all be sustainable,” Anderson stresses to GlobeSt.com, which means Energy Star-rated residential units and LEED-qualified commercial space. At build-out, there will be 449 residential units of single-family, brownstones and row houses and live-work-play spaces and 10 commercial buildings. The plan calls for 75,000 sf of neighborhood retail, 15,000 sf of office, 85 to 90 units of assisted living, a day care and elementary school.