City leaders and developers officially broke ground this morning on Richardson’s largest redevelopment project to date.

Winston Capital

Brick Row, formerly called Centennial Park, will bring townhouses, condominiums, apartments, retail and office space to the northwest corner of Greenville Avenue and Spring Valley Road

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Brick Row, formerly called Centennial Park, will bring townhouses, condominiums, apartments, retail and office space to the northwest corner of Greenville Avenue and Spring Valley Road, once occupied by aging apartments and older homes. Many of the homes – some of which were nearly a century old – were spared demolition and relocated.

“We’re very excited about how this will meet the needs of our residents,” Richardson Mayor Steve Mitchell said of the $140 million project. “It’s going to be the key to the revitalization of southern Richardson.”

Developer Richard Barge, president of Winston Capital, said the first units should be open by summer 2009. The first portion of the project to open will be townhouses along Greenville built by David Weekley Homes

“We look forward to delivering a project that the community and our partners will really be proud of,” Mr. Barge said.

The 30-acre site is adjacent to the Dallas Area Rapid Transit Spring Valley light rail station and will also include walking and bicycle trails and the two-acre McKamy Springs Park. It’s financed in part by the city’s tax-increment financing district.

Brick Row is named for the old Red Brick Road, which later became Greenville.