What South Dallas Needs for Development

Aging infrastructure is a challenge for developing in Southern Dallas County, says City Wide Community Development Corp CEO Sherman Roberts (with E Smith Realty’s Tamela Thornton and Focus Communication’s Kenneth Carter). In some areas, there’s been no development in 40 years, so that infrastructure needs to be replaced. Sherman is working with the City to offset those costs with incentives, we learned at Bisnow's Rise of South Dallas County event at the Sheraton Dallas last week. His nonprofit helps with redevelopment and partnered in the $30M Lancaster Village project. Plus, he just celebrated his 38th wedding anniversary. Congrats Sherman!

MW Logistics president Randy Bowman (second from right with the event panelists) says most people think of South Dallas as just around Fair Park, but it’s much larger (254 miles, to be exact). It’s important to develop Southern Dallas County because while the area is vast, it only generates about 15% of the City’s taxable value.

Prime Rail Interests president Michael Rader (with Kimley Horn’s Dan Gallagher) says companies moving to the Inland Port around the  Union Pacific Intermodal Terminal will be near 2 million people who live within a 30-minute drive. He feels the area needs more educational opportunities (job training) for the region’s residents.

Event sponsor BURY’s Richard Nixon (with Phillips Price Realty’s Cassandra Phillips) tells us BURY is redeveloping the old Cowboys Stadium site in Irving as a mixed-use facility, among multiple other projects across the state.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Y'all Street Powers Trophy Office Momentum In Uptown Dallas

California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges

Prominent Philly Caterer Sues Town Officials Over Vineyard Plans In Bucks County

Houston Firm Hires Former Floor & Decor Exec As President Of New Offering

Deutsche Finance Alleges BVK Is Responsible For CRE Portfolio Losing $1B In New Lawsuit

'This Is A Big Change For Me': Leslie Cohen Launching New Company After Leaving Davis Cos.

Selerix Insurance Services To Nearly Double Its HQ Size With Plano Lease: The DFW Deal Sheet