Transwestern to Market Mixed-Use Dallas Development

RedBird. Image courtesy of Transwestern Real Estate Services

Transwestern Real Estate Services will provide leasing services for RedBird, a 700,000-square-foot mixed-use development in southern Dallas. The brokerage will focus on signing additional office and health-care tenants to the remaining 300,000 square feet available on behalf of the project’s owner and developer, Peter Brodsky.

Located at 3662 W. Camp Wisdom Road, the property already has received notable commitments from health-care tenants such as Parkland Hospital, UT Southwestern Medical Center and Children’s Health. Parkland Hospital plans to open a 43,000-square-foot primary care center in September.

The other two health-care companies will occupy a combined 150,000 square feet via their first major partnership since the announcement of a joint pediatric enterprise in late 2019. In June 2022, UT Southwestern will open a regional outpatient center across an 85,000 square feet space, with the remaining 65,000 square feet of space serving as a pediatric center for Children’s Health.

A shopping center reborn

RedBird. Image courtesy of Transwestern Real Estate Services

Peter Brodsky acquired the property in 2015, originally developed in 1975 as the Red Bird Mall, later renamed Southwest Center Mall. The mixed-use development includes retail along with office, medical, multifamily and hospitality space.

The property is home to Palladium Redbird, a recently opened 300-unit luxury multifamily community. Additionally, a planned Courtyard/Residence Inn by Marriott is slated to break ground next year.

According to CommercialEdge data, 157.2 million square feet of office space was under construction nationwide as of July. Dallas’ pipeline, comprising some 5.3 million square feet, represents 1.9 percent of the market’s total stock. More Dallas development is on the way: Earlier in August, the Dallas City Council granted zoning approval for Hunt Realty Investments’ 3.5 million-square-foot mixed-use project.