RICHARDSON, TX-KDC in Dallas announced todaythat it will acquire 186 acres by year-end for development of a$1.5 billion master-planned project. The project is able to moveahead in this Dallas suburb, thanks to rezoning approval issued bythe Richardson City Council on Dec. 10.

The project will be located near the intersection of George BushTurnpike (Intestate 190) and Central Expressway (US 75), adjacentto a Dallas Area Rapid Transit light rail station. The east sideincludes the 147.5 acres of land on the north side of Renner Road,between Plano Road and Wyndham Lane. The west side includes 38.5acres of land south of Bush Turnpike between Plano Road and theDART light rail tracks. Conceptual design is under way for anurban environment that will incorporate build-to-suit officebuildings, an integrated healthcare facility, 3,925 multi-familyresidential units, hotels, retail and restaurants.

“We started out with a vision of what this property could be andworked alongside the city of Richardson to make it happen,” saysKDC CEO Steve Van Amburgh in a pressrelease. “The development will have a great mix of amenitiesin a pedestrian-friendly environment that is inviting to corporateusers and the community. The transit-oriented developmentwill be an outstanding addition to Richardson's vitality.”