Sunday, March 7, 2010

Recession rattles Carrollton's plans for transit development

Dallas Morning News
Dianne Solis // February 17, 2010

The city of Carrollton hoped some zip in downtown development would emerge with the arrival of a rapid transit station from DART.

The historic plaza with its gazebo and cluster of shops and restaurants provides the building blocks, they reasoned.

But Tuesday night, they gave a second amendment to developer High Street Development unit of Trammel Crow, due to the steep slump in the economy.

Start-up of construction will be moved back eight months to June 1, 2011, for a project that includes 170 residential units and retail in the first phase and 125 more residential units in the second phase. A previous contract amendment split the development into two phases back in October.

MORE

No comments:

Post a Comment