Rivulet Project Wins $23.5M Grant for Southern Dallas
Southern Dallas is set to receive a significant boost with a $23.5 million economic development grant from the City of Dallas for the Rivulet, a new mixed-use megaproject. Led by Russell Glen Company CEO Terrence Maiden, this ambitious development near UNT Dallas aims to bring much-needed housing and essential services, including a grocery store, to a historically underinvested area.
Catalyzing Growth in Southern Dallas
The Rivulet project, a $47 million venture spanning 90 acres at University Hills Boulevard and Camp Wisdom Road, is designed to fill long-standing gaps in attainable housing and vital community services. The City of Dallas’s substantial grant underscores a commitment to catalyzing private investment in South Oak Cliff, focusing on economic development and improving residents’ quality of life.
Project Components and Community Focus
The development plans include 300 single-family homes and 240 apartments, addressing the critical need for attainable housing. A significant portion of the project is dedicated to 20 acres of future retail, with a public library and, critically, a full-service grocery store high on the priority list. This focus directly targets the challenge many Southern Dallas neighborhoods face in attracting essential retail and food options.
Investment Highlights and Key Components
| Category | Details |
|---|---|
| Total Project Cost | $47 Million |
| City Economic Grant | $23.5 Million |
| Single-Family Homes | 300 units |
| Apartments | 240 units |
| Future Retail Space | 20 acres |
Addressing Infrastructure and Legacy
A significant portion of the city funds is earmarked for critical infrastructure upgrades—roadway improvements, utilities, and site preparation—which have historically hindered development in this part of Dallas. Russell Glen acquired the property in 2022 from the late Pettis Norman, a former Dallas Cowboys tight end and prominent figure in Southern Dallas. Maiden emphasizes that the project’s design “methodically” reflects Norman’s vision for high-quality, attainable residences, positioning Rivulet as a catalyst for the city’s Education Corridor around UNT Dallas.
Phased Development and Future Outlook
Construction is slated to begin next year, with Republic Property Group serving as construction manager. Phase one will focus on 70 acres, establishing housing pad sites and early trail connections to the city’s network. Phase two will then turn to the commercial component, where securing a grocer remains a top priority—a familiar and crucial hurdle for many communities. Russell Glen Company, founded in 2019, has a strong track record, including its partnership in the successful Shops at RedBird redevelopment.
FAQs About The Rivulet Project
- What is the Rivulet project?
It’s a $47 million mixed-use development near UNT Dallas in Southern Dallas, focused on housing, retail, and essential services like a grocery store and library. - Who is leading this development?
The project is led by Russell Glen Company, with CEO Terrence Maiden at the helm. - What is the significance of the $23.5 million grant?
The grant from the City of Dallas will fund crucial infrastructure upgrades, helping to make the large-scale development feasible in an area historically lacking such investment. - Why is a grocery store a priority?
Many Southern Dallas neighborhoods are considered food deserts, lacking access to full-service supermarkets. Securing a grocer is key to addressing this critical community need. - When is construction expected to begin?
Construction for the Rivulet project is expected to begin next year, with site work required by late 2028.
The Rivulet project represents a significant step forward for Southern Dallas, promising not just new buildings, but a foundation for sustained community growth and improved access to vital services for local residents.
Rivulet Project Wins Major Grant for Southern Dallas
