Addison council approves 120-day exclusive MOU with QIP for Addison Circle TOD; residents press for housing and grocery

Addison City Council approved a 120-day exclusive memorandum of understanding with developer QIP on April 22, 2025, giving the company the exclusive right to refine a concept for the Addison Circle transit-oriented development and return to council with financials, market studies and letters of intent.

The MOU covers a near-term development package centered on an office building, parking garage and a boutique hotel with linked convention/meeting space, plus plans for a separate entertainment/food node and smaller retail pad. Deputy City Manager Ashley Shroyer told council the iteration responds to a previously discovered plat restriction on a portion of the site and to market changes since the project began in 2019. The MOU does not commit the town to a final deal, Shroyer said; if negotiations fail the town will pursue an RFP.

Why it matters: Residents who testified at the meeting said housing is the top way to attract a grocery store and support neighborhood businesses; some homeowners urged limiting new apartments. Council and staff framed the MOU as a step to create a catalytic mixed-use district that could spur additional redevelopment — including housing — in the broader Addison Circle area beyond the immediate MOU footprint.

In presentations, QIP displayed concept massing that preserves mature grove trees around Festival Way, places a 5–6-story office building with outdoor tenant amenities near the park, locates a 400-space garage and a roughly 50–60-key boutique hotel with a…