AMLI Residential Properties LP, based in Chicago, plans to demolish an Addison shopping center to make space for a future residential and retail project.
The Midway Square Shopping Center at 14833 Midway Road is slated for demolition as early as the first quarter of 2025. The cleared site will be incorporated into the adjoining property, forming a combined eight-acre site for the AMLI Treehouse development.
News of the project comes after another out-of-state developer, California-based Fairfield Residential, announced plans last year to construct a 600,000-square-foot rental complex on the same road, just north of LBJ Freeway.
AMLI obtained the shopping center on August 29 earlier this year. While the transaction details were not disclosed, the Dallas Central Appraisal District last valued the property at just under $1 million.
The project will result in the construction of over 19,500 square feet of retail, hundreds of apartments, and dozens of townhomes. The project includes relocating four heritage oak trees, saving 100 existing trees, and planting 350 more native and ornamental species in and around the site and at a nearby walking trail and park.
“Redevelopment of Midway Square unlocks numerous community benefits and completes the town’s vision for the burgeoning Midway South neighborhood,” Robert Lapp, vice president of development at AMLI Residential, said in a statement, per WFAA.
“The mixed-use community will offer plentiful green space, desirable destination retail and outstanding housing choices.”
The Midway Square Shopping Center dates back to the 1980s. Over its lifetime, it has housed tenants like Jaxx Steakhouse and Midway Point.
AMLI Residential, established in 1980, is owned by PRIME Property Fund, a real estate fund managed by investment bank Morgan Stanley. In 2022, The Dallas Express reported that a Morgan Stanley Real Estate Advisors unit, Urban Logistics Realty, purchased the Urban District 183 industrial campus southwest of DFW International Airport.
The first residents are expected to move into the AMLI Treehouse development during the first half of 2026.