The Venue

The City of Richardson
Located in Galatyn Park, a planned development in the City of Richardson, Texas,
the 4.3-acre site is situated on the Northwest corner of Galatyn Parkway and
Performance Drive.
Richardson, a northern Dallas suburb with a population of 95,650, is the 10 th
largest city in the D/FW metro area. Richardson’s average household income is
$87,337 and is expected to grow to over $100,000 by 2008. The city has seen little
multifamily construction in recent years and there are only a handful of
multifamily units under construction in the market area at this time.
In the 1980’s, Richardson was a bedroom community that saw significant growth.
It became known for its “Telecom Corridor®” because of companies like Nortel,
Alcatel, Erickson and others that built significant corporate facilities.
The recession and the dot-com and telecom busts of 2001 created significant job
loss but recently there have been numerous positive developments like
Countrywide Financial’s relocation, Texas Instrument’s new 1.1 million square
foot semiconductor fabrication plant and the Fossil Company’s corporate
headquarters relocation across I-75 to the West.