Business Improvement District (BID) / City / DAMC / Development
Sep 15, 2022
Current Investment in Downtown Arlington hits $100 million mark
“Right now, in Downtown Arlington, over $100 million is being invested in development projects,” said Maggie Campbell, President and CEO of Downtown Arlington.
Our minds are officially blown.
Investment in Downtown Arlington has continued to grow for the last decade or so, in spite of the economic hardships presented by COVID. While many factors have been involved, there were two important and highly visible catalysts: the Levitt Pavilion (2008) and the University of Texas at Arlington’s College Park District (2012). Both projects helped reopen investors’ eyes to the possibilities within the City of Arlington’s historic center.
Just like the Levitt Pavilion and the College Park District, both public and private investment are driving today’s investment surge. Current projects are varied and include residential development, community services, walkability improvements, public space and cultural enhancements:
- Expansion of Urban Union Phase 2, which continues to broaden its scope and now includes the revitalization of property on Division Street
- A new Arlington Fire Station No. 1
- Creation of an historic monument, the Mineral Well Fountain Clock Tower, adjacent to the Downtown Library and City Hall
- The City’s Downtown sidewalk improvement project
- Nehemiah Company’s proposed mixed-use project along W. Front Street, which is also expected to have a historic preservation component
- Phase Two of Main 7, Downtown’s first luxury townhome community
- Development of the Rotary Dream Park
- Echelon’s development of 65 single-family rental homes at the site of the former Chase Bank Drive-thru on Mary Street
“Not all of these projects are visible yet, because each is at a different stage of development,” said Campbell. “This kind of ongoing interest from investors, coupled with their creative and thoughtful strategies for maintaining Downtown’s unique character, helps ensure sustainable prosperity in the heart of our city’s historic and cultural center.”
Meanwhile, major capital projects currently underway at the University of Texas at Arlington total another $227 million. They include the new School of Social Work/College of Nursing and Health Innovation Smart Hospital building and additions and renovations to the Life Science Building.
About Downtown Arlington
Designated by the State of Texas as the Arlington Cultural District, Downtown Arlington is where creativity, authenticity, and hometown pride thrive and drive what's next. Within its less than a two-mile radius, Downtown is home to the University of Texas at Arlington, a top tier public research university, as well as prolific visual and performing artists and arts institutions, live entertainment, exciting NCAA and professional athletics, one-of-a-kind dining and retail, and a supportive business climate.