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Carrollton to Spray for Mosquitoes After Positive West Nile Trap
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Weir s Plaza Lands Another Major Tenant
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Deal Ticker: Plano-Based Investment Group Purchases Former Shawn Todd Redevelopment Project
Plus: More a lot more homes coming to Melissa, Rhino Health is expanding into North Texas, major leases signed at the Crescent and in the Harwood District, and more.
Plano-based
Wolfe Investments, a private equity real estate investment firm, has purchased the historic U.S. Post Office and Courthouse building in downtown Dallas. The building was redeveloped by Todd Interests years ago into luxury apartments. It was developer Shawn Todd’s first downtown adaptive reuse. The landmark purchase is the company’s second-largest acquisition to date, just behind the historic Rockefeller building in Cleveland, Ohio.
DART Refinances Silver Line Construction Loan Written by Marybeth Luczak, Executive Editor
Construction is under way for Dallas Area Rapid Transit’s $1.2 billion Silver Line Regional Rail project, a 26-mile double-track commuter rail alignment extending from Dallas-Fort Worth International Airport eastward to Shiloh Road in Plano, Tex. (Pictured: Josey Lane bridge work in Carrollton.)
The U.S. Department of Transportation Build America Bureau has provided a $908 million loan for Dallas Area Rapid Transit’s (DART) Silver Line Regional Rail project, under the Railroad Rehabilitation and Improvement Financing (RRIF) program.
It will refinance the original loan provided in December 2018. The proceeds will cover a portion of construction costs for the $1.2 billion project: a 26-mile double-track commuter rail alignment extending from Dallas-Fort Worth International Airport eastward to Shiloh Road in Plano, Tex. The move is expecte
DART
Work continues on the Dallas Area Rapid Transit (DART) Silver Line Regional Rail project with the start of construction on the Josey Lane bridge in Carrollton.
Photo courtesy of DART
For the initial bridge construction, a large diameter hole is drilled into the ground and filled with steel rebar and concrete for each bridge pier. With depths ranging from 42′ to 49′, each hole is drilled into the bedrock for strength and stability. With a diameter of 54″, each pier footer is filled with up to 30 cubic yards of concrete, which is over 6,000 gallons.
Photo courtesy of DART
The Silver Line Regional Rail Project’s primary purpose is to provide passenger rail connections and service that will improve mobility, accessibility and system linkages to major employment, population and activity centers in the northern part of the DART Service Area.
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