Amended Development Agreement Shows Peter Brodsky Plans to Invest at Least $150M in RedBird Mall Redevelopment 

The Dallas City Council on Wednesday authorized a fourth amendment to a redevelopment agreement for the Shops at RedBird project. 

The matter was a consent agenda item and wasn’t discussed publicly. A resolution authorized an amendment to developer Peter Brodsky’s Tax Increment Development, Chapter 380 Grant, and Chapter 380 Loan Agreement. It includes some project modifications that would allow the Office of Economic Development to approve a joint venture partner for the redevelopment or adaptive reuse of a former Macy’s department store. 

The joint venture partner could be a hotel, although Brodsky said last month there is no deal with a would-be hotel partner, according to The Dallas Morning News. The agreement also notes that the developer’s minimum investment requirement increased by $15 million, from $135 million to $150 million.  

Crime Drops in District 8 as New Development at RedBird Rises: Is There a Connection? 

Brodsky bought the $200 million mixed-use development at the southeast corner of Camp Wisdom and Westmoreland roads in 2015. An advocate for mixed-income neighborhoods and housing the homeless, Brodsky’s bold move in redeveloping RedBird — and offering hundreds of jobs in a predominantly Black community in southern Dallas — was hailed as progressive and impactful. 

The City Council unanimously awarded a $5.8 million incentive package in April 2023 for Brodsky and Albertsons Companies to build a new Tom Thumb grocery store at RedBird. Residents who live near the development say there’s been no movement on construction.

Brodsky could not be reached for comment Wednesday. 

Read the Dallas City Council resolution amending Brodsky’s development agreement here.