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$350-Mil Plus Mixed-Use Plan Breaks Ground Today

GRAND PRAIRIE, TX-Wynne/Jackson of Dallas and the City of Grand Prairie mark a monumental ground-breaking for a $350-million residential plan with an initial 20 acres of retail. Another 100 city-owned acres are ticketed to be a commercial destination point.

By Connie Gore | Updated on November 12, 2001

GRAND PRAIRIE, TX-The City of Grand Prairie and Wynne/Jackson Inc. in Dallas break out the shovels today for a monumental ground-breaking on a $350-million residential project with an initial 20-acre retail component that’s likely to push the value over the $400-million mark.

The Grand Peninsula development marks the first major project to emerge from Grand Prairie’s master plan for the peninsula at the 7,740-acre Joe Pool Lake, Clyde Jackson, chairman and CEO for Wynne/Jackson, tells GlobeSt.com. The single-family development contains a 15-acre site for a grocery-anchored project in the $15-million to $20-million price range, a two-acre parcel for a convenience store undertaking and scattered tracts for additional community retail. The retail component represents the first of its type within a two-mile radius of Joe Pool Lake.

Wynne/Jackson’s retail component is just the tip of the proverbial iceberg since the city is in the preliminary stages of plotting upward of 100 acres as a destination point for mixed uses, Jackson says. A forward-thinking city team is steering the retail grand plan, which, he says, is sure to be “innovative and imaginative.” The city already has set up tax increment financing districts to advance the project area, which has other single-family developments north and south of the peninsula.

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