Crown Sterling Withdraws Office-to-Housing Proposal in Addison

• Crown Sterling has withdrawn plans to convert The Princeton office building at 14651 N. Dallas Parkway into a mixed-use residential development.
• The decision came after Addison's Planning & Zoning Commission recommended denying the project's rezoning request.
• The developer plans to revise the proposal and return with a new application at a later date.

What Was Planned for The Princeton

Plans to redevelop The Princeton office complex at 14651 N. Dallas Parkway in Addison have been put on hold after developer Crown Sterling withdrew its rezoning application before the Addison City Council could vote on the proposal. The redevelopment would have transformed the existing nine-story office building into a mixed-use residential community featuring 365 apartments, 10 condominium townhomes, five live-work units, and retained office space. The overall site spans approximately 4.69 acres.

What Led to the Project's Withdrawal

The decision follows a recommendation from the Addison Planning & Zoning Commission to deny the requested zoning change. Rather than proceed to a City Council vote, Crown Sterling chose to withdraw the application and return to the planning process. According to city officials, the developer intends to revise the proposal before seeking approvals again in the future. While the office building is located within Addison, a portion of the project—including a parking garage in the neighboring city of Farmers Branch—previously received approval for 130 apartments to be constructed above the existing garage structure.

What This Means for Office Conversions

The proposal reflects the growing trend of converting underutilized office buildings into residential communities as developers respond to changing workplace demand following the rise of remote and hybrid work. Across North Texas, office-to-residential conversions have become an increasingly common strategy for repurposing aging office properties while helping address housing demand in growing suburban markets.

What Comes Next

Although the current proposal has been withdrawn, Crown Sterling has indicated it will continue working with city officials to refine the redevelopment plan before submitting a revised application. If a new proposal ultimately receives approval, the project could become another example of adaptive reuse in the Dallas-Fort Worth region, transforming obsolete office space into new housing while supporting Addison's long-term redevelopment goals.