{"id":53528,"date":"2025-11-17T22:10:14","date_gmt":"2025-11-17T22:10:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/53528\/"},"modified":"2025-11-17T22:10:14","modified_gmt":"2025-11-17T22:10:14","slug":"city-council-approves-23-5m-grant-for-russell-glen-co-s-rivulet-community-in-southern-dallas-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/53528\/","title":{"rendered":"City Council Approves $23.5M Grant for Russell\u00a0Glen Co.’s Rivulet Community in\u00a0Southern\u00a0Dallas \u00bb Dallas Innovates"},"content":{"rendered":"

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Rivulet, a 90-acre master planned community in Southern Dallas [Rendering: Russell Glen Company]<\/p>\n

The Dallas city council has unanimously approved a $23.5 million economic development grant for Rivulet, Russell Glen Co.\u2019s 90-acre master-planned mixed-use community in Southern Dallas.<\/p>\n

Located at the northwest corner of University Hills Blvd. and Camp Wisdom Rd.\u2014directly across from the University of North Texas at Dallas\u2014Rivulet is slated to feature roughly 300 single-family homes, 240 apartment homes, and a 20-acre retail district envisioned to include a neighborhood grocery store, retail shops, office, restaurants, and a public library\/innovation center.<\/p>\n

Dallas-based Russell Glen said the development will serve as \u201cboth a neighborhood and a statement\u201d\u2014proof that Southern Dallas can attract development that\u2019s \u201caspirational, sustainable, and rooted in community pride.\u201d<\/p>\n

The project marks a new chapter for an area that has remained largely underdeveloped for nearly 50 years, Russell Glen added.<\/p>\n

\"\"<\/p>\n

The Library is a proposed 20,000-square-foot public library and innovation center for the Oak Cliff community in Southern Dallas, located in the planned Rivulet development. [Rendering: Russell Glen Company]<\/p>\n

Councilman Zarin D. Gracey, who represents District 3, said, \u201cI\u2019m incredibly excited for this development and the impact it will have on both Districts 3 and 8. This is the type of development the community not only needs, but what they want.\u201d<\/p>\n

Russell Glen said the $23.5 million grant will fund essential infrastructure improvements that will help unlock the site\u2019s full potential.<\/p>\n

\u2018Vision to uplift the character and identity of Southern Dallas\u2019<\/p>\n

Russell Glen Co. acquired the property in 2022 from the late civic leader, business executive, and former Dallas Cowboys tight end Pettis Norman, whose vision for the growth of Southern Dallas continues to inspire progress today.\u00a0<\/p>\n

The company said construction is expected to commence next year.<\/p>\n

\u201cWe were very methodical in our approach to designing Rivulet,\u201d Russell Glen CEO Terrence Maiden said in a statement. \u201cWe wanted every element of this project to resonate with Pettis Norman\u2019s initial vision to uplift the character and identity of Southern Dallas. With the city\u2019s infrastructure investment, we\u2019re able to deliver high-quality residences, offering a new level of housing choice that balances beauty, livability, and accessibility. We are confident that Rivulet will be catalytic for this Education Corridor of Dallas and a model for thoughtful, inclusive growth.\u201d<\/p>\n

Rivulet is near other major developments currently underway, including significant campus development currently in progress at UNT at Dallas, which soon will be home to a new $79 million STEM building as well as a state-of-the-art law enforcement training center.<\/p>\n

Also nearby, the $1 billion University Hills development<\/a> recently started construction. It\u2019s a 270-acre master-planned community being developed by Hoque Global, which forms part of a larger regional effort to attract quality housing, commerce, and investment to the area.<\/p>\n

\u201cThe Rivulet development reflects the shared vision of UNT Dallas and Russell Glen Company to build vibrant, attainable communities that uplift Southern Dallas,\u201d UNT Dallas President Warren von Eschenbach said in a statement. \u201cThis project will not only bring high-quality amenities, shops and residences to the area, but equally significantly, enhance the connection between our campus and the neighborhoods we serve.\u201d<\/p>\n

Overlooked no longer<\/p>\n

To support project execution, Russell Glen has engaged Republic Property Group (RPG) to manage infrastructure construction.<\/p>\n

\u201cWe\u2019re thrilled to be assisting Russell Glen with execution of their vision for Rivulet,\u201d Tony Ruggeri, co-CEO of Republic Property Group, said in a statement. \u201cThis project represents the kind of intentional, community-centered development that strengthens Dallas for generations to come.\u201d<\/p>\n

Dan Healy, CEO of Civitas Capital Group and a Rivulet investor, backed Russell Glen\u2019s vision for Rivulet from the beginning.<\/p>\n

\u201cThose who know him know that Terrence Maiden is something special. Rivulet shows what\u2019s possible when smart, creative people like Terrence lead the way,\u201d Healy said. \u201cSouthern Dallas has been overlooked for too long\u2014no longer.\u201d<\/p>\n

Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n

Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n

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