Peter Brodsky

Brodsky made waves as the latest investor to try his hand at redeveloping Redbird Mall in southern Dallas, a swath of the city that’s struggled to attract investment in the same volume as areas like Uptown and Knox/Henderson. 

He bought the beleaguered mall in 2015 and has spent the last decade transforming it into a mixed-use project known as the Shops at RedBird that includes medical facilities, office spaces, retail outlets and residential apartments. The total investment exceeds $200 million.

Brodsky faced skepticism regarding the project when he acquired the mall but gained political support from city officials for investing in southern Dallas, a predominantly black area considered to be neglected by the financial industry that clusters just north of I-30. The development has raised approximately $30 million from nearly two dozen equity investors, while the City of Dallas contributed $27 million to support its initiatives. Brodsky partnered with UT Southwestern and Parkland Health to open clinics at the property. He’s also brought a Dallas College workforce center, a day care, apartments and a Starbucks outpost to the project. 

In December 2024, the project faced a major setback when grocery chain Tom Thumb withdrew from a planned 50,000-square-foot store after Brodsky spent years trying to get a grocery option at the property. Still, Brodsky trucks on. He plans to add more residential options in the form of townhomes and a hotel.