Maple Avenue DART station attracting new developments
At DART’s Inwood/Love Field Station, you see old industrial and office buildings and an aging retail strip with vacant storefronts across the street. By this time next year the transit stop will look like an urban transit village with almost 600 apartments.
Parkland Hospital and UT Southwestern are big draws for apartment renters. The area has become an appealing alternative to Uptown, with the new transportation link, the nearby high-employment medical district, and rental rates lower than pricey Uptown. Since the Green Line light-rail segment opened in 2010, developers have begun constructing thousands of new apartments along Maple Avenue.
The Inwood/Love Field rail station puts residents one stop from Parkland Hospital and one stop from Southwest Airline’s corporate headquarters at Love Field. Soon the rail will connect all the way to DFW Airport. Two new apartment communities are now under construction near the station.
Just adjacent to the stop, developer Wood Partners is constructing the 249-unit Alta Maple Station rental community. The four-story project, designed by architects Good, Fulton & Farrell Inc., will open late this year with rental rates starting at around $850 a month.
Across Maple Avenue from the DART rail station, developer Lang Partners is constructing the Maple District Lofts with 342 units.
Now, across Denton Drive from the rail station, the old shopping center and vacant site of a former apartment complex are being eyed for new retail and mixed-use development.
Over the last three years, the corridor along Maple Avenue has been one of the region’s fastest-growing rental housing districts.
DART recognizes that the investment in residential new construction near its stations has been higher than any other type of transit-oriented development investment. Between 1996 and 2013, developers spent almost $580 million building residential projects at DART rail commuter stations. Almost $4 billion in real estate deals total are in development adjacent to DART’s light rail stations.
Source: Dallas Morning News, January 30, 2014.
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