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13 Acres at North.Dallas /Plano/Rich 1323 W President George Bush Hwy 10 Acres of Commercial Land for Lease in Richardson, TX 75080
Highlights
- Heavy traffic / next to the 2 $billion Metro and the biggest university. Over 2 million in storm water/side walk already done.
- Same lot as new Nursing School
- High-Rise Residential Land
- Permitting approved for 250 apartments + retail mixed-use
- Ideally looking to partner on a 70+ year Ground Lease
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 10.00 AC |
| Lease Term | 90 - 99 Years |
| Rental Rate | |
| Lease Term | 90 - 99 Years |
| Lot Size | 10.00 AC |
This is the only privately owned, mid-rise residential land with approved residential zoning, ready to build, in Dallas next to the University of Dallas. The first-ever city to agree to a parking reduction because it is on a transit-oriented development site, next to the biggest University in Texas and across from a new Metro station ( Cost at $ 2 billion). It also comes with over 2 acres of already-built internal streets and sewer, water, and site work, all done with a $ 2.5 million cost by a developer. 1050 rooms are approved to be built on the site, next to the University of Texas at Dallas. It's the entrance to UTD from George Bush! This zoning change was a 4-year process.It comes with additional easements for roads around the center that serve as additional entrances to the land. This is an ideal area, as there is a massive student housing shortage, and thousands are always on a waiting list. This land is where Richardson, Dallas, and Plano meet. The owners were able to get extremely favorable parking and variations in apartmant size to meet the student housing shortage. We are only interested in a ground lease. The first 2 years of the ground lease were discounted to only 1000,000.
Property Overview
Next to a metro station, built last year at a cost of $2 billion. Frontage on George Bush Turnpike, directly across from the University of Texas at Dallas. Planned and ready to build. Many parking exceptions have been approved due to proximity to the university. The only remaining high-rise land in North Dallas/Richardson, approved for up to 20 stories. Significant shortage of student housing in the area. Sidewalks, roads, water, and sewer infrastructure are already in place—only the building is needed. Extra-small units approved for the first time in the city.
Property Facts
Presented by
Campbell Investments
13 Acres at North.Dallas /Plano/Rich | 1323 W President George Bush Hwy
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