Developers plan bullet train rail station south of downtown Dallas
Real estate investors who have purchased land south of downtown Dallas plan to develop the property into a high-speed rail terminal.
Dallas developer Jack Matthews and his partner, Fort Worth businessman John Kleinheinz, own more than 50 acres for the planned station along Riverfront Boulevard south of downtown.
They are working on similar projects in Houston and near College Station.
Your Texas High-Speed Rail Station Development Corp. would build stations to service the proposed Texas Central high-speed line from Dallas to Houston.
“Our high-speed rail project, connecting Dallas and Houston, will be just as transformative for Texas as DFW Airport was for the region when it opened in 1973,” Kleinheinz said in a statement. “Texas Central will be the blueprint for national high-speed rail, a green transportation solution.
“With this first high-speed rail project going online, Texas will be able to have discussions on a national rail strategy with local and federal stakeholders,” he said. “These station resources will be an integral part of the system.”
Developer Matthews is one of the largest property owners in the area south of downtown Dallas near the Trinity River.
His Matthews Southwest Inc. successfully completed the redevelopment of Southside on Lamar on the south side of Interstate 30 near the Dallas Convention Center.
Matthews Southwest also owns large vacant lots on Riverfront Boulevard near Cadiz Street, including the lot earmarked for the new train station.
The station would only be part of a much larger multi-block mixed-use development that Matthews is planning in the area between the Trinity River and Lamar Street.
Proposals for the district range from residential buildings to offices to retail and hotels. The architects Perkins & Will and Omniplan developed preliminary designs for the large south side.
Matthews is also a partner in the proposed redevelopment of the nearby former Dallas Morning News building on the south side of downtown.
The area on Riverfront Boulevard has been the destination for the new station since the plans for the high-speed train connection a few years ago.
“We have invested a great deal of time and energy in moving the bullet train between Dallas and Houston and Grimes County near College Station. We do not intend to miss this opportunity for the people of Texas, ”Matthews said in a statement. “In order to maintain this positive dynamic, we will start discussions with various third parties who have successful experience with high-speed railways.”
The Houston train station proposed by the partners would be built on the former site of the Northwest Mall northwest of downtown near Interstate 610.
College Station is located in Grimes County.
Texas Central is hoping to build a railroad that will bring Dallas drivers to Houston on state-of-the-art trains in 90 minutes.
The company signed a $ 16 billion contract with an Italian company this summer to build the railroad system. Texas courts have so far rejected efforts by landowners and other parties to prevent the project.
The 240-mile high-speed line is expected to cost at least $ 20 billion and is still facing construction and financing hurdles.
Construction is expected to take six years.
The station would anchor a future high-rise neighborhood proposed for the area south of downtown Dallas.(Matthews Southwest)
[ad_1]