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20 February
Urban Land Institute to Showcase JHP's 5th Street Crossing
Garland, Texas - February 20, 2009 - Garland's downtown Transit Oriented Development project, 5th Street Crossing, has been selected as one of only four projects to be showcased by the North Central Texas chapter of Urban Land Institute (ULI) on April 2, 2009 in Dallas.
GARLAND NEWS RELEASE Dorothy White City of Garland Public and Media Affairs Manager
Urban Land Institute to Showcase Downtown Garland Project Garland, Texas - February 20, 2009 - Garland's downtown Transit Oriented Development project, 5th Street Crossing, has been selected as one of only four projects to be showcased by the Urban Land Institute (ULI) on April 2, 2009 in Dallas. ULI is a nonprofit education and research organization with more than 40,000 members worldwide, including development professionals, business and civic leaders and urban planners. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities. Garland Mayor Ronald E. Jones is pleased that ULI selected the Garland project to be featured during its Transit Oriented Development Workshop and Showcase on April 2 at CityPlace in Dallas. "This is a great opportunity for Garland not only to present our project to a broad audience of developers, investors and civic leaders, but to learn from the experience of others so that we may continue to implement our vision for Downtown Garland."
The City of Garland partnered with High Street Residential, a wholly owned subsidiary of Trammell Crow Company, to develop the 5th Street Crossing project in Downtown Garland, next to the DART Light Rail Station. The project will feature 175,000 square feet of residential and ground retail space, which will include 189 residential units. The $22 million project is scheduled for completion later this year. Pre-leasing of residential units begins March 2009. "Our goal is that 5th Street Crossing will serve as a catalyst for more transit oriented development across the United States as we adopt alternative forms of public transportation that better serve our environment," added the development team of Arthur Lomenick, Managing Director of Trammell Crow and President of its wholly owned subsidiary, High Street Residential and Vice President Kim McCormick.
Downtown Garland is part of City Council District 2, represented by Laura Perkins Cox. "The 5th Street Crossing project now rising rapidly in Downtown Garland will reshape not only the look and landscape of downtown, but its future as well. People who move into 5th Street Crossing will be right in the middle of the excitement and charm of Downtown Garland, near our exceptional arts and entertainment venues and the unique restaurants and shopping opportunities on our Historic Square. 5th Street Crossing is a stone's throw away from the new Garland campus of Richland College and the DART Blue line. I am already hearing from people who are excited about the project and who are looking forward to living downtown. It's going to be great. I invite everyone to come to the workshop to see what we have to offer in Downtown Garland" says Mrs. Cox. ULI's April 2 Workshop is open to the public.
