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

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

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