Westwood Land Development recently acquired 11.34 acres of land at the corner of Northwest Highway and Ruth Wall Road in Grapevine from Gaylord Texan Resort & Convention Center.
The property is located across the street from Westwood's other mixed-use development, Grapevine Station, which features Starbucks, Mesa Grapevine and Palio's Pizza Cafe.
Chris Leighton, a broker for Westwood, said the company decided to purchase the land as Grapevine Station is 99 percent leased out.
Leighton said the development will feature high-end retail, office and restaurants spaces. He said a bank or pad site uses could be a possibility as well.
"We are still working with our architect to get the site plan where we want it but hopefully we will start some [ground] work later this year and start the [pad site] work off with two retail buildings and two office buildings in early 2018."