Those hoping officials would do more to support new single-family development instead of just apartments got an early Christmas present, with the city council authorizing some significant financial backing for the Rivulet project in southwest Dallas.
Council members signed off on a $23.5 million economic development grant earlier this month to help with infrastructure improvements for phase one of the mixed-use project, which will see at least 300 single-family homes and 200 multifamily units built on 71 acres of undeveloped land at 6400 University Hills Blvd.
A previous draft of the resolution allowed for attached townhomes to figure into the single-family mix, but the authorized agreement scrapped that in favor of a minimum of 300 detached houses.
Situated at the northwest corner of University Hills Boulevard and W Camp Wisdom Road (catty corner to the University of North Texas at Dallas), Rivulet is a project of the real estate and investment company Russell Glen, which is also spearheading the redevelopment of the old RedBird Mall into the upcoming Shops at RedBird with Peter Brodsky. Civitas Capital and MBM Companies are also invested in the endeavor…