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Galatyn Park Station Serves Richardson’S First Transit-Oriented Development

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Richardson at a Glance The City of Richardson, located 12 miles north of downtown Dallas, is part of the Dallas-Fort Worth Metroplex. Originally a farming community, Richardson has evolved into a city with more daytime Galatyn workers than residents. The North Central Texas Council of Government estimated Richardson’s resident population as 102,430 as of January 1, 2015. The latest estimate of the City’s employment is over 132,000. Park Richardson is 28.7 square miles in area—18.4 square miles in Dallas County, the remainder in Collin County. The city is served by two nationally-acclaimed public schools systems, two community colleges, one State university, a flourishing hospitality industry, a renowned orchestra, a thriving arts Station and culture community, and two campuses of a regional hospital system, all of which work together Richardson, Texas to enhance the City’s quality of life and business environment. Located east of North Central Expressway (US75) and north of Campbell Road in the heart of the Rail Transit in Richardson Telecom Corridor, the Galatyn Park Station serves Richardson’s first Transit-Oriented Development. Commencement of service—2002. The station location and the development surrounding it are the direct result of multiple successful public/private collaborations. Bush Turnpike Galatyn Park Urban Center 1,193 parking spaces beneath The Galatyn Park Urban Center provides for a complementary mix of uses with a variety of public turnpike lanes gathering places and open spaces to create an iconic destination. Public/private cooperation has Serves CityLine development been a hallmark of the development throughout its history. The master plan has evolved over time, Galatyn Park but the vision for a distinctive district comprising a resilient employment center punctuated with a strong civic presence has been consistent. Destination station; no parking provided The Telecom Corridor® and More Serves Galatyn Park Urban Center Since the 1960s, high-tech companies have sustained Richardson's employment centers. At its height, 600+ tech firms were located in Richardson, the majority in the 11-square mile Telecom Arapaho Center Corridor®. While technology remains a key component of the city’s economic base, Richardson 15-acre multi-modal transit center continues to foster diversification of its economy with growth in finance, insurance, and other (bus, rail) commercial sectors. The Galatyn Park Urban Center has seen its share of diversification as well, 1,120 parking spaces particularly with the addition of the Bank of America and Blue Cross Blue Shield of Texas corporate campuses. Pedestrian underpass connects parking lot to rail station Spring Creek Nature Area Expansion Spring Valley In 2014, the City took proactive steps to preserve an additional 60 acres of hardwood forest, Elevated station/405 parking spaces doubling the area of the Spring Creek Nature Area adjacent to the Galatyn Park Urban Center. A key component of the innovative economic development transaction that enabled the city to acquire Serves Brick Row TOD development the forest property was the transfer of development rights to allow high density residential (577 urban-style apartments, 170 development in proximity to the Galatyn Park Station. This action both preserved a highly valued townhomes, and almost 16,000 SF natural asset and furthered the city’s goals for responsible development, including transit-oriented of retail) development that will enhance the vitality of the Galatyn Park Urban Center. UTD Station Proposed station on the future Cotton Belt Rail Line Will serve the University of Texas at Dallas and surrounding area Campus-oriented mixed-use development broke ground in 2015 1. Corporate Campus 6. AMLI Galatyn Station 800,000 square feet of office space, three parking garages Four acre mixed-use development Public parking partnership to accommodate evening/weekend 285 urban-style apartments with “wrapped” parking garage activities at Eisemann Center and special events 6,800 square feet of ground-floor retail, restaurant Campus design coordinated with Urban Center plan for aligned view and design axis 7. Blue Cross Blue Shield of Texas Trees relocated to area parks before start of construction One million square foot headquarters for Blue Cross and Blue Shield on 34 acres 2. The Renaissance Hotel Capacity for 5,000 employees Full-service Renaissance Hotel by Marriott International, owned 15-story building, 7-story building, parking garage and operated by John Q. Hammons Hotels 12 stories; 336 rooms, including 42 suites 8. Future Development Opportunities 30,000 square feet of meeting space, including 12,000 square Three parcels re-entitled for high density residential development foot ballroom with Spring Creek Nature Area transfer of development rights Conference center financed by City; debt service paid annually by More than 1,800 urban-style apartments or townhomes hotel; ownership transferred to hotel First phase (388 apartments) in design, 2016 groundbreaking 8 3. Public Plaza 9. Central Trail Two acre public plaza Multi-purpose trail located within the DART right-of-way, Land donation from Galatyn Park Corporation connecting all four Richardson DART stations Site of annual Wildflower Festival, attracting over 70,000 people Traverses Richardson from north to south functioning as the main spine for the City’s more than 40 miles of trails and walkways Premier public space that is integral to the live/work/play 4 environment Provides critical link to cities of Dallas and Plano trail systems Texas Instruments Foundation Community Fountain designed by 7 10. Palisades Central WET Design as plaza focal point 10 Mixed-use development Design links adjacent development with DART station and the Zoning allows for: Central Trail 2 2,500,000 SF office (457,000 existing) 4. Woodland Preserve/Nature Trails 5 1 200,000 SF retail/restaurant Eight acres donated by Galatyn Park Corporation 3 110 single-family homes (under construction) Wetlands mitigation area for urban center 1400 urban-style apartments (phase 1 under construction) Multi-use trail, picnic areas, animal sculpture playground, 8 6 Up to 300 hotel rooms boardwalk for bird-watching, wetland ponds, horseshoe pits 11. Galatyn Park Interchange Property value served as in-kind match for State grant 11 8 Provides improved ingress and egress between US 75 and the 5. The Eisemann Center Galatyn Park Urban Center, Palisades Central and other properties Performing arts and corporate presentation facility; three venues 9 Facilitates Galatyn Park shuttle service, a cost share program 1,550 seat performance hall between DART and the City of Richardson that provides 350 seat theater convenient “last mile” transportation for those working in the Galatyn Park Urban Center and at Palisades Central 3,150 square foot multi-use facility $11 million project combining DART/CMAQ/City funding and Capital enhancement gift from Richardson resident Charles W. TxDOT administration Eisemann Land donation from Galatyn Park Corporation; main venue named Margaret & Al Hill Performance Hall Naming rights for other areas/features of the building available to corporate and individual sponsors 750-space, City-built/financed parking garage shared with the Renaissance Hotel .
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