Garland officials propose a $1B, 820-acre master-planned redevelopment along Lake Ray Hubbard spurred by the upcoming extension of the President George Bush Turnpike.
The city of Garland is evaluating an ambitious, long-term master plan to redevelop approximately 820 acres of land surrounding Lake Ray Hubbard. The proposed project carries an estimated cost of $1 billion and is projected to unfold over the next three to five decades.
This redevelopment effort is primarily motivated by the future extension of the President George Bush Turnpike, which is expected to catalyze growth in the area. The project aims to transform the lakefront district into a major hub in the Dallas-Fort Worth metroplex.
Hall Group is set to break ground in June on The Terraces at Hall Park, a 200,000-square-foot office tower and a $14 million expansion of Kaleidoscope Park in Frisco.
Beck Ventures advances the $4B Dallas Midtown redevelopment at the former Valley View Center site, attracting interest from the Dallas Mavericks for a potential new arena.
Galveston is seeking a private developer to build a mixed-use beachfront destination at the city-owned Stewart Beach site.
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