FY 2015 Popular Annual Financial Report FY 2015 Popular Annual Financial Report | Page 13

Aloft Hotel Set for
Entertainment District

A new hotel was announced
for Arlington’s ever-growing
Entertainment District. Starwood
Hotels and Resorts revealed in
January 2015 that it would build
an Aloft brand hotel less than five
minutes away from AT&T Stadium,
Globe Life Park, Six Flags Over
Texas, restaurants and other
popular tourist attractions.

The 136-room hotel, featuring
loft-like rooms with cutting-edge
design at an affordable price, is
expected to open in 2016.

Champions Park Approved

In January 2015, the City
Council approved zoning for the
14-acre Champions Park project
in a prominent corner of the
Entertainment District. The first
phase of Greenway Investment
Company’s project, set to open
in 2016 in the northeast corner of
Collins Street and Interstate 30,
is expected to include four retail/
restaurant buildings with 54,000
square feet and a half-acre festival
park area.

Other Companies
Expanding/Relocating
to Arlington
Comfort Suites - building a new
105-room hotel off Interstate 20
Americredit Financial - expanding
operations, adding 800-1,100
new jobs
Spartan Printing - expanded
operations, keeps 50 jobs in City
Northstar Energy - relocated
to Entertainment District
Straumann USA - Expanded
manufacturing facility in Great
Southwest Industrial District

Apartments Razed for Arlington Commons Project

After years of planning,
the Arlington Commons
redevelopment project moved
closer to reality.

Over the next decade, the
Nehemiah Company plans to build
a 1,328-unit luxury apartment
complex along Lamar Boulevard
east of Cooper Street. A major
step in the developer’s vision
involved razing three aging
apartment complexes and

preparing the site for the first 353
units. Where the old complexes
were valued on the tax rolls at
about $10 million, Arlington
Commons is expected to have a
$200-million taxable value when
fully constructed. This publicprivate partnership will bring highquality apartment living at a scope
and level not available elsewhere
in the City.

City Reaches Agreement With Developer for 101 Center

The City reached a ground
lease agreement and established
a public-private partnership with
Catalyst Urban Development,
opening the way for construction
of a mixed-use redevelopment
project on the site of the former
George W. Hawkes Central
Library. The 101 Center project,
which will include high-end
residential units over a ground
level of retail, restaurants and

loft office space, is expected to
transform downtown and spur
additional private investment.
The multistory project, which
will include a structured parking
garage, is expected to open in
2017 around the same time as the
new downtown public library, City
Council Chamber/community
room and public plaza that
collectively form the Arlington City
Center.

Popular Annual Financial Report

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