UDR BREAKS GROUND ON VITRUVIAN PARK MIXED-USE PROJECT
ADDISON, TEXAS — UDR has broken ground on its $1 billion dollar Vitruvian Park, a 99-acre mixed-use development located approximately 1 mile north of Interstate 635/LBJ Freeway between Midway Road and Marsh Lane in Addison. Featuring multifamily, retail and commercial components, the project is introducing a new green initiative program created by the Town of Addison. The program, which is a combination of Energy Star and LEED standards, will be included in all 5,500 residential units and 300,000 square feet of office and retail space. The first phase will feature 667 multifamily units and a 12-acre public park, and leasing is scheduled to begin by the end of next year. Occupancy is expected to be ready at the beginning of 2010. All phases of Vitruvian Park are projected for completion in 2017.