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The Business Aviation Group announced that its
bid was recently accepted for the redevelopment of 16+ acres at Addison Airport,
a northern Dallas suburb.
Having completed a preliminary agreement with
the Town of Addison, the BA Group is now ready to move forward and identify
qualified candidates who possess the expertise, financial strength, and
experience necessary to execute a long-term commitment to this first-class
facility.
The new development will be in the southeast
quadrant of Addison Airport (KADS), adjacent to the notable Addison Circle Park.
The desirable location is conveniently accessible to the downtown district and
is planned to be developed in two phases. Phase I will consist of 11-acres and
is designed to include 56,000-sq. ft. of corporate aircraft hangar space with
complimentary office space. A well-appointed 22,500-sq. ft. two-story FBO
terminal building will be the focal point of the development and will serve as
the operational center of the campus. To handle today’s ultra-long range, large
cabin business jets, a 5+ acre ramp has been incorporated that will ensure safe
and efficient aircraft ramp movements. As initially conceptualized, the FBO
terminal also includes a roof-top observation deck and restaurant. An exciting
feature of the development will be a free standing indoor auto-spa with lifts
and valet car service for discerning clients.
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Aerial perspective of the new development. |
Phase II of the development will nearly double
capacity with 62,500-sq. ft. of additional corporate aircraft storage and office
space to accommodate expanding corporate flight departments in the growing
Dallas area. “Our vision is to design, develop, and construct a world-class,
state-of-the-art business aviation campus that will incorporate the desired
goals for the Town of Addison and Addison Airport,” commented
Iver Retrum,
co-founder, and partner of BA Group. “This will be a welcome addition to Addison
Airport, and it represents the largest development program ever initiated at the
airport. There is a need to support the continuing growth of the large business
jet market within the region. This FBO will accommodate the market with its
spacious terminal, hangars, and ramp! It will reflect the area’s warm
hospitality, deep commitment to the community, and provide five-star service for
its clients alike,” added Retrum.
The BA Group partnered with Denver-based
McClurg Century Investments (MCI) for this Addison Airport redevelopment
project. MCI has substantial real estate experience and recently completed
AeroColorado, a 55,000-sq. ft. first class private hangar and office complex at
Centennial Airport in Denver, Colorado. The Addison development represents the
first of many projects to come.
The extensive RFQ process with the Town of
Addison was recently concluded with several companies competing for the coveted
development opportunity at this popular business aviation airport. In the end,
the Town of Addison recognized that the BA Group demonstrated the most dynamic
and visionary concept for this highly visible and valuable site that
incorporated the town’s goals and values.
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