The Business Aviation
Group has announced that it is now seeking qualified
FBO candidates to bid on their proposed 15.5-acre
FBO development project.
Addison Jet Center,
as it is currently referred to, will be built in two
Phases and when complete will include 120,000 sq.ft.
of hangar, office and shop space, 6.9 acres of ramp
space and 22,000 SF of Class “A” FBO and office
space.
Having executed a
ground lease 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 acumen necessary to execute a
long-term commitment to this first-class facility.
“The initial
response we received when we first announced plans
for this new state-of-the-art project was
overwhelming, and now we are excited to be moving to
the next step this week in the FBO selection
process,” commented
Iver Retrum,
co-founder, and partner of BA Group. “This is the
largest development project ever initiated at
Addison airport and it comes at a time when hangar
space is at capacity and the nearby northern
corridor of the Dallas Metroplex is exploding with
growth, which is sure to fuel further growth for
this airport for years to come.”
The BA Group’s 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 likely
include two 40,000 sq.ft. of corporate aircraft
hangars with accompanying office and shop space. A
well-appointed 22,000 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 4.6-acre ramp has been
incorporated in Phase I that will ensure safe and
efficient aircraft ramp movements. As initially
conceptualized, the FBO terminal also includes a
roof-top observation deck and office suites. An
exciting feature of the development will be indoor
secured auto parking with lifts and valet and auto
spa services for discerning clients.
Phase II of the
development will increase capacity with an
additional 40,000 sq.ft. hangar and 4,800 sq.ft. of
office and shop space to accommodate the growing
corporate flight operations in the region. Adding a
2.3-acre ramp in Phase II will bring the total
campus to 6.9-acres, which is more than twice the
size of the current FBOs’ combined contiguous front
ramp space.
David Vaughan,
co-owner, and partner of the BA Group said, “Addison
Airport is poised to support the current demand for
larger business jets in this region and this unique
world-class facility is just what we need to bring
it to fruition. The FBO will be like no other and
have a mix of the area’s warm hospitality coupled
with exemplary service and amenities for its local
and transient clients.”
Further conceptual
illustrations and site plan can be found at:
Addison Redevelopment Projetc
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. |