The City of Richardson announced that it had approved a mixed-use development in old downtown Richardson.
A proposed mixed-use development at the northeast corner of Central Expressway and Main Street was approved unanimously by the City Council Monday. The 14.5-acre development will include residential, commercial and restaurant space. It is the first significant private sector development in the downtown area since the adoption of the Main Street/Central Expressway Form Based Code last year...A highlight of the development is the mixed-use portion planned for the corner of Main and Interurban streets. In addition to 15,000 square feet of retail/commercial space, it will have multifamily units located above the retail space, surrounding private courtyards, and a 700-space parking garage, which will be shared with tenants from the Chase Bank building. Immediately to the north of the mixed-use area will be townhomes with private yards and garage parking. The for-lease units will be two or three stories each and average 1,800 square feet per unit.
After the jump, why I am cautiously optimistic.
