B
eall Development is poised to launch a $500 million project on 317 acres near Willow Park, about 20 miles west of Fort Worth. The Colleyville-based company plans to develop the land at the southwest corner of Interstate 20 and FM 1187 with residential, retail, and light industrial spaces. This significant addition will join other large-scale projects in the rapidly growing area west of Fort Worth.

    The property was previously part of the Dean Ranch, where the Dean family raised Hereford cattle for 100 years. Beall Investments purchased the land in 2022 along with Lynch Legacy Realty Group, and has named the development Dean Ranch Business Center South. Preliminary plans call for 135 acres of commercial space, 92 acres of multifamily housing, 35 acres of single-family homes, and 55 acres of light industrial.

    The developer is working to annex the land from Fort Worth's extraterritorial jurisdiction to Willow Park, which has a population of 6,600. This would allow for infrastructure development, including water and sewage systems, expected to cost $57.8 million across three phases. The city is considering creating a tax increment refinance zone to reimburse some of these costs.

    The de-annexation of development sites from extraterritorial jurisdictions has become more common since a Texas law took effect last year allowing developers to petition for removal. This trend is part of the larger shift in the area, where former farm and ranch land is being carved up by developers for large-scale projects like Walsh and Morningstar.