Since 2014, the city of Arlington and the Arlington Economic Development Corporation have purchased a total of about 41 acres of vacant land on the northwest corner of Interstate 30 and North Collins Street, now a valuable piece of real estate in a city with little room for large new development.
The wheels are now in motion for that land to become a new anchoring development near the heart of the city.
On Tuesday, city council members voted unanimously to authorize the third-party creation of a master development for roughly 27 acres of that land. The deal will see the global firm Hines plan out the project with hopes of bringing the mixed-use development to life…