At its meeting on March 24, the Arlington City Council will vote on a proposed $3.9 million development agreement with Dallas-based developer Wolverine Interests LLC to build a mixed-use development along Abrams Street and Main Street.
Courtesy of Wolverine Interests LLC
By the end of 2029, another section of downtown Arlington’s could transform as the city undergoes multiple revitalization projects.
At its meeting on March 24, the Arlington City Council will vote on a proposed $3.9 million development agreement with Dallas-based developer Wolverine Interests LLC to build a mixed-use development along Abrams Street and Main Street near UT Arlington that would include at least 248 apartments, 15,000 square feet of commercial space, and a parking garage.
The apartments will be rented at market rates and mostly be one and two-bedroom units, Wolverine Interests said.
Under the agreement, Arlington would allow Wolverine Interests to develop a 3.41 acre site consisting of eight addresses along Abram Street and Main Street and a city-owned tract of land. All of the land is either under contract or already purchased.
That $3.9 million would come in the form of a reimbursement grant, worth up to $2.5 million, and an assembly grant, worth up to $1.4 million.
To get the grants, the developer must spend $60 million on the development, demolish buildings at those addresses by the end of 2026, break ground by September 2027, and be finished with construction by September 2029.
Additionally, Wolverine Interests must lease 70% of available commercial space in the development by the end of 2029 and build $40 million of improvements by the end of 2031.
Renderings included in the proposed development agreement show brown and white buildings with trees and an outdoor seating area. The development would be designed by the Dallas-based architecture firm Hedk.
This development would be one of several revitalization projects in the city taking shape this year, including a makeover for the Lincoln Square shopping center and the city’s $36 million purchase of apartments in central Arlington.
In 2020, Arlington completed a six-year revitalization project along Abrams Street from Collins Street to just past Texas 360.
“We’re really lucky to be involved with the city that’s as progressive as Arlington right now,” said Wolverine Interests president Jim Leslie.
Leslie said that Wolverine Interests has met with UTA, and that the development will benefit the university’s larger footprint.
The property falls within the urban neighborhood district in Arlington’s new form-based code zoning, which will be considered by the City Council at a public hearing on April 7.
The agreement will be considered at the Arlington City Council meeting at 6:30 p.m. on March 24 in the Arlington City Council chambers, 101 West Abram St.
Fort Worth Star-Telegram
Emily Holshouser is a local news reporter at the Fort Worth Star-Telegram.