Dallas-based developer Cawley Partners closed on the 5,200-acre South Creek Ranch property Friday. The land, near Ferris, is located in Dallas and Ellis...
It’s one of the largest land deals in recent years. The Dallas developer is planning digital commerce parks and houses.One of the largest potential development tracts south of Dallas has sold.The firm said it plans to build a mixed-use development that could include data centers and thousands of homes.
Initial development will focus on 2,000 acres on the property’s northern side.Cawley Partners plans to build a series of “digital commerce parks” near the future Loop 9 highway corridor. The site could include data centers, advanced manufacturing, logistics buildings and other commercial uses. The site could support a more than 1,000-acre corporate campus, the developers said.The two portions of the development will be separated by a natural break in the terrain, said Tim Keith, partner at Cawley Partners. A rendering of land purchased by Cawley Partners. The firm plans to build a mixed-use development on more than 5,000 acres in Dallas and Ellis counties.Development work will start immediately. The first building will be completed in two to three years. Information regarding the single-family homes will be released at a later date.The sale was brokered by Bernard Uechtritz of Icon Global. The property first hit the market in late 2023, and a call for offers ended last year.Cawley Partners calls the deal one of the largest land transactions in recent years. “It’s a pretty big one,” said Ted Wilson, who oversees the Dallas new home research firm Residential Strategies Inc. “There are a handful of builders in the Ferris market. It’s certainly a convenient location getting back to work centers downtown.”South Creek Ranch once belonged to late businessman W. Ray Wallace, who was the CEO of Dallas-based Trinity Industries. He acquired the property and used the ranch for decades before his death in 2016.Most of the land was used for cattle and growing hay. The property has been partially developed as a residential neighborhood, Woodstone. “He always thought that it would be a housing development,” Bea Wallace said. “It’s a prime location, plus it’s a beautiful piece of property.” The nearly 8.5-square-mile property includes a 23,000-square-foot stone mansion built in 2000. The home overlooks a small lake.The property will operate as a ranch in the short term. Plans for the mansion will be determined at a later date. The home may be repurposed or sold, but it is “way too valuable to be destroyed,” said Keith of Cawley Partners. “This property is truly a once-in-a-generation asset,” he said. “We feel a deep responsibility to develop South Creek Ranch in a way that honors their legacy — and we are honored to take on the responsibility of shaping this land to attract businesses and benefit families for decades to come."Irving chamber, Las Vegas Sands accused of doing ‘backroom deal’ on old Texas Stadium siteNick is a real estate reporter for the Dallas Morning News. He previously worked as a digital investigative reporter at 11Alive, Atlanta's NBC affiliate. He's produced award-winning state politics coverage and feature reporting at Georgia newspapers. Nick is a graduate of Mercer University in Macon, Georgia.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dallas City Council District 8: Dallas Morning News recommendsErik Wilson and Lorie Blair lead a field of six candidates for the open seat.
Read more »
Dallas Museum of Art acquires seven works from Dallas Art FairThe acquisitions were made possible by a grant of nearly $100,000.
Read more »
Dallas Morning News recommends: District 5, Dallas City CouncilWe recommend in the race for District 5, Dallas City Council
Read more »
Dallas City Council District 6: Dallas Morning News recommendsMonica Alonzo, David Blewett, Laura Cadena, Tony Carrillo, Gabriel Kissinger, Nicolas Quintanilla, Linus Spiller and Machelle Wells are running to replace...
Read more »
Dallas City Council District 11: Dallas Morning News recommendsMona Elshenawy, Jeff Kitner, Kendal Richardson and Bill Roth vie for Jaynie Schultz’s seat.
Read more »
Dallas developer, partners to build new office tower at site of beloved Tex Mex restaurantDallas developer Trammell Crow Co. and its partners plan to build a new 12-story luxury office tower on McKinney Avenue where Tex-Mex restaurant Chuy’s...
Read more »