search

The Real Deal Logo

Trending

Stalking horse bidder for LA’s Oceanwide Plaza falls throughStalking horse bidder for LA’s Oceanwide Plaza falls throughManhattan Beach property breaks city record again with $24.5M tradeManhattan Beach property breaks city record again with $24.5M tradeA closer look at Ken Griffin’s Chicago condo selling spreeA closer look at Ken Griffin’s Chicago condo selling spreeFortress takes back Fort Lauderdale marina, RV park in $86M deed in lieu of foreclosureFortress takes back Fort Lauderdale marina, RV park in $86M deed in lieu of foreclosure
Development
Dallas

Mixed-use on tap for southern Dallas town known as logistics hub

Will 70-acre development take Wilmer from big-rigs to rooftops?

DFW Suburb Wilmer Considers Huge Mixed-Use Development

A photo illustration of Mayor of Wilmer Sheila Petta along with renderings of a planned 69-acre mixed-use development in Wilmer (Getty, City of Wilmer)

A small suburb south of Dallas could soon be the new home of a 69-acre mixed-use development with hundreds of apartments. 

A developer’s plans for Wilmer include 864 apartments, 18 single-family homes, 70 townhomes, a small hotel, 78,000 square feet of retail and about 142,000 square feet of office and warehouse space, Bisnow reported.  

Venetian Place LLC has requested a zoning change for the property, located on the east side of Interstate 45 north of Beltline Road. The LLC tracks to Maged Guirguis, with an address in California, according to the Texas Secretary of State. And deed records for the LLC trace to a Dallas residence belonging to Zouheir Kassem.

The unnamed development is just the latest project planned for Wilmer, which describes itself as America’s Logistics Hub. The town of 6,000 people has seen enormous growth over the years with Union Pacific choosing the area for its global intermodal facility. Wilmer has also attracted several fortune 500 companies as logistics tenants, including Unilever, Procter & Gamble, Whirlpool, Medline and Ace Hardware. 

Sign Up for the undefined Newsletter

Major industrial projects in the works include a 420,000 square foot spec warehouse project by Houston-based Hines, as well as a 1.5 million square foot warehouse project by Bandera Ventures. 

Dallas-Fort Worth is one of the fastest-growing industrial building markets in the United States. 

CommercialEdge data showed that in 2023, DFW led the nation in terms of new delivered industrial space. A separate report by CoStar shows that the region was at the top with a total inventory of over one billion square feet. 

However, the DFW industrial development pipeline has been shrinking for five consecutive quarters, according to LGE Design Build. About 18 million square feet is in the pipeline, compared to 30 million square feet a year ago.

— Andrew Terrell

Companies and People
Venetian Place LLC
Recommended For You