SH 190/PRESIDENT GEORGE BUSH TURNPIKE DEVELOPMENT PORTFOLIO - Younger Partners
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SH 190/PRESIDENT GEORGE
BUSH TURNPIKE
DEVELOPMENT PORTFOLIO
Rowlett, Texas
422+/ Acres
North Shore District Land
IMAGE HERE
For more information please contact
Tom Grunnah, CCIM
214.238.8005
Tom.Grunnah@youngerpartners.com
Michael Ytem
214.238.8020
Michael.Ytem@youngerpartners.com
PROPERTY OVERVIEW
422.35+/- AC ROWLETT•SH190 DEVELOPMENT PORTFOLIO
INTRODUCTION
Younger Partners Dallas, LLC, a Texas licensed real estate broker, is proud to present an exceptional
opportunity to acquire ±422.35 acres along President George Bush Turnpike (“Rowlett-SH190 Development
Portfolio, The Property”) in Rowlett, Texas. This development portfolio has unique attributes with frontage
along the major thoroughfare in the area and inclusion within North Shore District. The offering presents
developers a tremendous opportunity to acquire an extremely well-positioned mixed-use development site
in the northeast region of the strongest housing, office and retail development market in the nation.
Gossett
±66.88 Ac.
ROWLETT•SH 190/PRESIDENT
GEORGE BUSH TURNPIKE
DEVELOPMENT PORTFOLIO
McEntee
±303.59 Ac.
Rowlett, Texas
Makvandi
IMAGE HERE
±51.88 Ac.
PROPERTY OVERVIEW
IN THE PATH OF GROWTH & DEVELOPMENT
INVESTMENT
HIGHLIGHTS The Rowlett•SH190 Development Portfolio is located in a high growth area of Northeast Dallas-Fort Worth.
The Rowlett, Garland, Sachse and Rockwall areas have been growing at a strong pace over the past several
years. This market area has seen continued large demand for residential, retail, office and light industrial
• Rowlett•SH190 is located within the City of development. This is one of the very last large mixed-use land plays in this part of the DFW metroplex.
Rowlett’s North Shore District
Located on the beautiful shores of Lake Ray Hubbard, Rowlett is fast becoming a center for business and
• Prominently located along both sides of the retail in North Texas. Rowlett is located just 19 miles east of downtown Dallas.
President George Bush Turnpike (SH190)
featuring excellent frontage and access The population of Rowlett is over 58,000 and projections show the population growing to over 60,000 by
2018. Rowlett continues to focus on building its infrastructure. The North Texas Tollway Authority
• Close proximity to other major completed both the eastern extension of the President George Bush Turnpike (PGBT) and the Dallas Area
thoroughfares and urban living/working Rapid Transit Authority (DART) completed its Blue Line light rail route to in recent years, spurring a push for
districts new area residential and commercial development. PGBT conveniently connects the City to DFW Airport and
to I-30, while the DART Blue Line provides convenient access to Uptown/Downtown Dallas and surrounding
• Solid demographic profile within five mile employment hubs.
radius
REALIZE ROWLETT 2020 & NORTH SHORE AREA
The Rowlett•SH190 Development Portfolio is specifically located within the area’s that The City of Rowlett
PROPERTY DETAILS recognizes as the North Shore North, North Shore South and the Center for Commerce & Industry. These
areas are part of the City’s Realize Rowlett 2020 and North Shore Master Plan.
LAND SIZE: ±422.35 Acres Total
It is intended that the North Shore area be the City of Rowlett’s major employment hub. The City plans to
CITY/COUNTY: Rowlett/Dallas achieve the desired development by permitting an integrated mix of uses and building types in order to
facilitate and support an employment base. High quality standards, design parameters and preservation of
ZONING: Based on North Shore natural features are predicted to provide an amenity package and adjacency predictability for entities
District requirements developing in the North Shore area.
UTILITIES: All adjacent or at the DEVELOPMENT OPPORTUNITIES
location
• Urban Village, Urban Neighborhood, New Neighborhood, Rural Neighborhood, Commercial Center
(details enclosed) and other uses.
AERIL VIEW
SURROUNDING DEVELOPMENT
McENTEE LAND SURVEY
PROMINENT LOCATION
LOCATION • AREA OVERVIEW
ACCESS AND LOCATION
The Property is ideally positioned to take advantage of the nearby
transportation infrastructure. Connected to President George Bush
Turnpike (SH 190), it is easy to quickly access I-30, Highway 75, Dallas
North Tollway or Interstate 35, all Dallas-Fort Worth major freeways. In
addition, the Property is well served by several local roads, Lakeview
Parkway (TX 66), Highway 78 (Garland Avenue), and Firewheel Parkway.
PROXIMITY TO METROPOLITAN LIVE/WORK URBAN
DISTRICTS
CITYLINE CAMPUS: The Rowlett•SH190 Development Portfolio is located a
short drive from the massive City Line Campus, new home to State Farm
Insurance and Raytheon headquarters in Richardson, Texas. State Farm’s
three buildings will have 21 stories, 15 stories and 13 stories, built atop Uptown Dallas is a vibrant district with a celebrated history and modern
five-level parking garages. Combined, the facilities will house up to 8,000 amenities. In Uptown there are luxury residences, world-class office space
employees for State Farm alone. The North Texas hub will provide claims, and endless shopping, dining and entertainment options. Uptown is home
service, and sales support to State Farm customers. to award winning restaurants and Dallas’ hottest bars.
Along with State Farm’s office campus, the first phase include multifamily, Downtown Dallas is seeing a new renaissance of development with its
hotel, retail and restaurant development. As ambitious as the City Line many new high rises, the world class Arts District, the new Klyde Warren
project is, it still cannot satisfy the ever growing strong demand required Park, the Perot Museum and much more. Both Downtown and Uptown
by this portion of the metroplex. Dallas are easily assessable from the property by automobile or nearby
Dart Light Rail.
DALLAS’ UPTOWN: A short distance from the Property, you will find
yourself in Dallas’ walkable, urban neighborhood of Uptown.
CITY OF ROWLETT NORTH SHORE MASTER PLAN
CITY OF ROWLETT WATER MAP
CITY OF ROWLETT SEWER MAP
CITY OF ROWLETT MUDDY CREEK SEWER EXTENSION
MARKET OVERVIEW
ROWLETT’S NORTH SHORE MASTER PLAN north, Hickox Road to the south, and the city limit and existing New
Neighborhood to the west. All New Neighborhood Building Types in the
North Shore South, North Shore North and Center for Commerce & Form Based Code are allowed in this area. The maximum building height
Industry are all comprised of Form Based Districts, below is a summary of will be 2 ½ stories.
what each district allows.
The street system is intended to facilitate circulation for pedestrians,
The ‘RURAL NEIGHBORHOOD’: The Rural Neighborhood FB Districts are bicycles, vehicles and emergency services. Streets are fully interconnected,
generally bounded by the city limit to the north, President George Bush not gated and designed with a formal tree line for shade, wide sidewalks
Turnpike to the east, an Urban Neighborhood FB District to the south, and and rolled curbs.
the New Neighborhood FB District to the west. All Rural Neighborhood
Building Types in the Form Based Code are allowed in this area. The It is intended that centralized open space be employed to generate a sense
maximum building height will be 2 ½ stories. of identity, image and value creation within New Neighborhood
developments. These open spaces can provide for neighborhood
It is intended that the Rural Estate Building Type will occur along areas gatherings and recreation, and must be fronted by residences or
designated “Transition with Rural Neighborhood” as designated on the community buildings. Connecting Trails may also be considered as part of
Framework Plan: Special Requirements. This 200-foot wide transition the open space requirement.
designation sets the following parameters for lots that immediately abut
areas zoned Single Family under the RDC (SF-5 thru SF-40), which exist The ‘URBAN NEIGHBORHOOD’: The Urban Neighborhood FB District occurs
prior to adoption of the Form Based Code. in two areas: 1. Adjacent to the north city limit line along Merritt Road and
west of Harmony Hills; and 2. Along the north side of Hickox Road east and
• The maximum principal building height will be 3 stories. west of Merritt Road. All Urban Neighborhood Building Types in the Form
• The maximum accessory building height will be 2 stories. Based Code are allowed in this area. The maximum building height will be
• The rear setback will be 25 feet 4 stories.
The street system is intended to facilitate circulation for pedestrians, The street system is intended to facilitate circulation for pedestrians,
bicycles, vehicles and emergency services. Streets should be rural in bicycles, vehicles and emergency services. Streets are fully interconnected,
character with swales rather than rolled curbs, and may employ a not gated and designed with a formal tree line for shade, wide sidewalks
clustering of trees rather that a formal street tree line. and curbs.
It is intended that existing tree masses and ponds will be preserved in It is intended that centralized open space be employed to generate a sense
parks and greenways. of identity, image and value creation within New Neighborhood
developments. These open spaces will be improved for use as
The ‘NEW NEIGHBORHOOD’: The New Neighborhood FB District is neighborhood gatherings and recreation.
bounded by primarily the Rural Residential FB District to the east andMARKET OVERVIEW
ROWLETT’S NORTH SHORE MASTER PLAN The ‘COMMERCIAL CENTER’: The Commercial Center FB District is
bounded by President George Bush Turnpike to the East, Hickox Road
The ‘URBAN VILLAGE’: The Urban Village FB District is bounded by to the north, and both Urban Neighborhood and existing single-
President George Bush Turnpike on the east, the Commercial Center family residential neighborhoods to the west. Within Overlay B, the
FB District to the north, and natural features to the south. following Commercial Center Building Types in the Form Based Code
are allowed: Commercial, Flex Employment, Mixed-Use, Shopfront
Within Overlay A, the following Urban Village Building Types in the and Mixed Residential. Where Overlay B is not designated, all
Form Based Code are allowed: Commercial, Mixed-Use, Shopfront Commercial Center Building Types in the Form Based Code are
and Mixed Residential. The following provision will be applicable allowed. Within Overlay B, the minimum building height will be 3
within the Urban Village FB District: Mixed Residential units will be stories and there will be no maximum height. One-story and two-story
evaluated as part of a larger mixed-use development, and may only buildings may be allowed under certain conditions, but will require
occupy 25 percent (excluding parks and streets) of the land area or approval of a Minor Warrant. Where Overlay B is not designated, the
building square footage in a Regulating Plan/Phased Development maximum building height will be six stories (6).
Plan or Development Plan. A request to deliver more than 25 percent
Mixed Residential will require approval by Major Warrant. It is intended that a “Transition with Buffer” will occur along areas
designated on the Framework Plan: Special Requirements. This 100-
Within Overlay A, the minimum building height will be 3 stories and foot wide transition sets the following parameters for lots that
there will be no maximum height. One-story and two-story buildings immediately abut areas zoned Single Family under the RDC (SF-5 thru
may be allowed under certain conditions, but will require approval SF-40), which exist prior to adoption of the Form Based Code.
of a Minor Warrant. The street system is intended to facilitate • The maximum principal building height will be 2 1/2 stories.
circulation for pedestrians, bicycles, vehicles and emergency • The maximum accessory building height will be 2 stories.
services. Streets are fully interconnected, not gated and designed • The rear setback will be 20 feet. A landscape buffer containing
with a formal tree line for shade, wide sidewalks and curbs. Within street trees planted an average of 25 feet on center and a 40-inch
Urban Village developments, tree grates and wells are preferred in metal picket fence with low shrubs will be provided within the rear
order to generate a “main street” atmosphere. setback, adjacent to the rear property line.
North Shore South is planned to contain centralized open space The street system is intended to facilitate circulation for pedestrians,
throughout to provide important foci for urban communities. These bicycles, vehicles and emergency services. Streets are fully
open spaces will be improved for more intense use than the interconnected, not gated and designed with a formal tree line for
residential neighborhoods with plazas, water features or other shade, wide sidewalks and rolled curbs. Within Commercial Center
amenities. All of these areas will be connected with shaded developments, planter strips are preferred in order to generate a
sidewalks and trails. lush, well-shaded public realm. North Shore South is planned to
contain centralized open space throughout in order to provide
important foci for the urban communities being created. All of these
areas will be connected with shaded sidewalks and trails.MARKET OVERVIEW CITY OF ROWLETT NORTH SHORE • EXISTING ZONING
MARKET OVERVIEW
DEMOGRAPHIC PROFILE
Population Summary
2000 Total Population 3,365 44,225 132,858
2010 Total Population 5,112 59,198 165,996
2014 Total Population 5,165 60,936 172,582
2014 Group Quarters 0 160 560
2019 Total Population 5,333 64,463 184,538
2014-2019 Annual Rate 0.64% 1.13% 1.35%
Household Summary
2014 Households 1,640 19,395 55,767
2014 Average Household Size 3.15 3.13 3.08
2019 Households 1,686 20,457 59,492
2019 Average Household Size 3.16 3.14 3.09
2014-2019 Annual Rate 0.55% 1.07% 1.30%
2014 Families 1,383 16,218 45,206
2014 Average Family Size 3.43 3.43 3.43
2019 Families 1,422 17,095 48,185
2019 Average Family Size 3.44 3.44 3.44
2014-2019 Annual Rate 0.56% 1.06% 1.28%
Housing Unit Summary
2014 Housing Units 1,683 19,928 58,573
Owner Occupied Housing Units 83.1% 82.9% 76.0%
Renter Occupied Housing Units 14.4% 14.4% 19.2%
Vacant Housing Units 2.6% 2.7% 4.8%
2019 Housing Units 1,729 20,893 62,207
Owner Occupied Housing Units 83.0% 83.1% 76.1%
Renter Occupied Housing Units 14.6% 14.8% 19.5%
Vacant Housing Units 2.5% 2.1% 4.4%MARKET OVERVIEW
DEMOGRAPHIC PROFILE
Median Household Income
2014 $91,981 $84,925 $74,390
2019 $101,979 $95,338 $85,051
Median Home Value
2014 $220,975 $200,683 $198,580
2019 $251,292 $237,984 $236,379
Per Capita Income
2014 $33,817 $32,331 $29,982
2019 $38,367 $36,536 $34,373
Median Age
2010 36.9 35.1 35.1
2014 37.6 35.8 35.7
2019 37.6 36.3 36.0
2014-2019 Annual Growth Rate
2.09
2.5
2
Percent
1.5
0.64 0.55
1 0.51
0.5
0
Population Households Median Household Income Owner Occupied Housing UnitsYou can also read
