Arlington City Council Approves $810 Million
Transformative Development Project
A
rlington continues to build on its economic
momentum with a planned $810 million
expansion of the Entertainment District,
which would add a best-in-class hotel brand, new
convention center, corporate office headquarters,
mixed-use residential building, small business
coworking and incubator space, and even more
dining, retail, and entertainment options for residents
and visitors alike in The American Dream City.
In December, the Arlington City Council entered
into a public-private partnership over a 30-year
period to facilitate the transformative development
project, which will further strengthen Arlington’s
convention and tourism opportunities and create
new revenue, housing and jobs for the community.
The expansion is a continuation of the strong public-
private partnership between the City of Arlington, the
Texas Rangers, Loews Hotels & Co, a wholly owned
subsidiary of Loews Corporation (NYSE: L), and The
Cordish Companies.
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The components of the expansion will
consist of:
» » A $550 million, 888-room Loews Arlington Hotel
with 1,500 parking spaces. The hotel would
be connected to a new Arlington Convention
Center, which will offer 216,000 square feet of
meeting and outdoor function space;
» » A mixed-use residential building with 280 units
and 100,000 square feet of retail, entertainment
and Spark coworking and incubator space, which
will help grow and support small businesses;
» » A planned 200,000-square-foot corporate office
headquarters in the Arlington Entertainment
District; and,
» » An additional public garage with 1,900 parking
spaces.