February 23 , 2007

Developers of Local Economic Projects Take Home Top Honors

Developers of Local Economic Projects Take Home Top Honors


February 23, 2007 - City of Arlington Website News

The City of Arlington is proud to announce that developers of three local economic projects captured first place honors during the Dallas Business Journal’s 15th Annual Best Real Estate Deals of the Year Awards. The awards were held Thursday night at the Hilton Anatole Hotel in Dallas.

Arlington Highlands, Lakes of Bird’s Fort and Glorypark were all recognized as best in their category. These projects competed with over 400 nominations for 17 development and real estate categories.

"We congratulate these companies on their recognition and look forward to their continued success," said Mayor Robert Cluck. “We are proud Arlington was chosen for these fine projects. Working together we can continue to build a strong and healthy economy for Arlington and the development choosing to come here.”

Arlington Highlands retail center, an 836,000 square-foot project featuring more than 80 tenants and developed by The Retail Connection, won for best new development in the retail or hospitality category. The retail center is expected to create some 4,000 new jobs.

A large infill tract known as Lakes of Bird’s Fort, to be developed by Huffines Communities and expected, at full build-out, to value about $1.2 billion, was cited as best land deal.

Glorypark, a new mixed-use project situated between Ameriquest Field and the new Dallas Cowboys stadium, won for best announced deal for 2006. The project features 900,000 square feet of retail, dining and entertainment space, and is being developed by Texas Rangers and Dallas Stars owner Tom Hicks (Hicks Holding LLC) and Steiner + Associates.

The projects are part of our community’s effort to expand its economic base as part of its Champion Arlington Economic Development Strategy. The collaborative strategy is designed to strengthen the community’s competitive future by creating an environment and customer service spirit that attracts new residents, consumer spending, quality investment and job creation.

“Champion Arlington is our economic development strategy to strengthen the community's competitive edge,” said Trey Yelverton, Deputy City Manager. "It is validation that our strategy is headed in the right direction when developers and projects receive awards and recognition for their investments in Arlington.”