Addison, TX

Addison Pacesetters Learn About The Vitruvian Park Development at Dunn Bros. Coffeehouse

Addison Pacesetters (the 50+ group) meet the first Wednesday of each month at Dunn Bros. Coffeehouse on Beltline Road and learn about the Town of Addison. This month, Carmen Moran, the Director of Development Services,spoke to us.

Here are some interesting tidbits from her presentation:

• Carmen has worked for the Town of Addison for almost 26 years. she is a landscape architect by training and now is an urban planner.
• The area where Vitruvian Park is being constructed was first built out in the 1970s with apartments that were meant to last 15-20 years.
• Tom Lamberth and UDR purchased the 9 apartment complexes up and down Brookhaven Club Drive in Addison with the intent to "re-develop" the area. It is being rebranded as Vitruvian Park.
• Addison Circle was raw land when it was built and was "developed" rather than "re-developed."
• The concept of Vitruvian Park will be like what "The Village" off of Central Expressway was in the 1980s.
• There will be extended jogging paths, public spaces, bridges, creeks, and parks on both sides of the Farmers branch of the Trinity River that runs through the area. The development will connect to the current Tom Thumb shopping center location.
• UDR owns all properties up and down Brookhaven Club Drive in Addison, with the exception of the 39 townhouses at the west end of the street, and at the north end, all but the convenience store strip and the Lemons building at the Spring Valley intersection.
• Phase 1A will have 663 apartments and they are now pre-leasing.
• Addison has a $39 Million committment and is levering the investment. UDR's committment is $1 Billion. Addison did not provide tax abatements.
• For the Addison Circle project, the town committed $11 Million and private investment totaled $340 Million.
• If UDR had taken this project to Dallas instead of Addison, it would have been a 5 year process just to get started. They chose Addison because of the "can-do" attitude.
• There will be 99 acres of residential and public areas and 20 acres of shopping.
• The build out will take 15-20 years and Addison's monetary committment will also be spread out over this timeframe.

For more information on Vitruvian Park, watch the video.

Next month, the first Wednesday is November 4th. Come out and join the Addison Pacesetters at Dunn Bros.

Addison's Nara Pizza & Oven Now Open

Looking for a great lunch deal in Addison, Texas? Try Nara Pizza & Oven, 3716 Belt Line Road (east of Marsh Lane). They have a lunch special: a slice and a drink for $3 or 2 slices and a drink for $5.

Besides pizza (thin crust), they have salads, sandwiches, calzones and stromboli. If you don't like their soft drink selection, then BYOB.

Hours of operation are Sunday - Thursday, from 11 am - 10 pm and Friday - Saturday, from 11 am - 11 pm. Phone in your to go order to 972-488-FOOD, ask for delivery, or dine in. Nara also does catering.

Their website isn't up as of this post, but when it is done, check them out at www.NaraPizza.com.

Shakespeare in the Park: Addison Circle Park

Julius Casear will be performed by the Dallas Shakespeare in the Park cast on October 7-11 & October 14-18 in Addison Circle Park, Addison TX. General admission is $10, and $7 for students and seniors. Showtime is 8:00 pm.

On Saturday, October 10th, Target is sponsoring a free pre-show, with activities that include teaching artists, master classes and period costume photos. The pre-show begins at 6:00 pm.

Tickets can be purchased at the gate or through ShakespeareDallas.org.

Bring the whole family to see Julius Casear at Addison Circle Park!

The Storm is Brewing....

Dallas as we all know is a thriving area with many nightlife attractions. However, as lower greenville real estate gets more and more scary at night to walk around, people are turning towards Addison Night life. Addison has many great bars and restraunts that people love. This is what makes Addison Real Estate on the rise. People are assuming that if they come to Addison every single weekend to enjoy drinks and fellowship with friends that they might as well search Addison homes for sale for themselves and make the leap.

Addison really has thrived as 10 years ago, most of the bars and restraunts were not even in existence yet. Beltline road has been the biggest supporter of the area, as this is where the power strip of nice places call home. Addison simply seems to just keep growing and not showing many signs of slowing down at all.

If you need more info on this subject, or on an Addison Rental give me a call!

Addison Texas Real Estate: Properties Sold in September, 2009

Number of Properties: 9
Average ( SalePrice / SqFt ) : $142.31

*CDOM = Cumulative Days on the Market

Previous month: 9 sales (4 townhouses, 5 single family homes), average sales price/SF = $134.58