Malcolm's Point Retail in Dallas, TX

A new 4,900-square-foot shell commercial building is under development at 2801 Al Lipscomb Way in Dallas. The project, registered with the Texas Department of Licensing and Regulation (TDLR) in February 2024, is a privately funded construction effort by Southfair Community Development Corporation. The estimated cost for this specific build is $2,000,000, which works out to $408 per square foot.

Agent Architecture is the design firm of record for this development. The scope of work is strictly new construction of a shell commercial building, intended for private use on private land. Construction was scheduled to begin in June 2024, with a planned completion date of June 2026. Although that scheduled date has passed, the TDLR record has not yet recorded a final inspection, meaning the current state of the site is not confirmed in the public record.

Project Context and Comparisons

This project’s financial profile sits above the median for new construction filings in Dallas County. While the county median estimated cost is $950,000, the median size is 9,642 square feet, and the median cost per square foot is $125, this specific filing exceeds those benchmarks. The scheduled build window of 759 days is also longer than the county median of 243 days. Southfair Community Development Corporation has two other TDLR-registered projects in Dallas, each with an estimated cost of $1,400,000, both of which have completed review.

Local coverage from WFAA noted that the Malcolm's Point Retail Project has been described as a long labor of love by SouthFair CDC leadership. A City of Dallas update mentioned a loan and grant package approved to support the development of this new retail center. The site is located in ZIP code 75215, where the U.S. Census Bureau estimates a population of about 18,840 and a median household income of $41,388. The area is characterized by a high proportion of renter-occupied housing units.

This designation indicates that the site is not within the mapped floodplain area that has a 1 percent chance of flooding in any given year. The Dallas County unemployment rate was 3.3 percent in July 2026, which is higher than the rate a year earlier. These local economic and geographic factors provide context for the development of new commercial space in this sector of Dallas.