YAHOO FINANCE: Russell Glen to Deliver Rivulet, a Transformational 90-Acre Master-Planned Community in Southern Dallas

Groundbreaking set for 2026 adjacent significant campus development at UNT Dallas

DALLAS, Nov. 13, 2025 /PRNewswire/ -- Russell Glen Company this week received unanimous approval from the Dallas City Council for a $23.5 million economic development grant for Rivulet, a transformative 90-acre master-planned mixed-use community in Southern Dallas, marking one of the most significant private investments in the area in decades.

Rivulet, a 90 acre master planned community in the Southern Dallas

Located at the northwest corner of University Hills Boulevard and Camp Wisdom Road, directly across from the University of North Texas at Dallas, Rivulet marks a new chapter for an area that has remained largely underdeveloped for nearly 50 years. The grant from the City of Dallas Council will fund essential infrastructure improvements that will help unlock the site's full potential.

"I am incredibly excited for this development and the impact it will have on both Districts 3 and 8!" said Dallas City Councilman Zarin D. Gracey, who represents District 3. "This is the type of development the community not only needs, but what they want!"

Russell Glen Company 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. Once complete, Rivulet will feature approximately 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. Construction is expected to commence in 2026.

"We were very methodical in our approach to designing Rivulet," said Terrence Maiden, CEO of Russell Glen Company. "We wanted every element of this project to resonate with Pettis Norman's initial vision to uplift the character and identity of Southern Dallas. With the City's infrastructure investment, we're 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."

Rivulet is situated near major developments underway, including significant campus development currently underway at the University of North Texas at Dallas (UNT Dallas). The fast-growing college will soon be home to a new $79 million STEM building as well as a state-of-the-art law enforcement training center. University Hills is another development that recently commenced construction, 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.