What Wilks Development does

Wilks Development is a privately held, Fort Worth-based real estate development and investment company founded in 2012 by brothers Kyle and Josh Wilks (third-generation masons) and their cousin Jess Green. The firm develops, owns, and manages a diversified portfolio of more than 35 projects totaling approximately 1.6 million square feet and $1 billion in cumulative transactions, spanning master-planned communities (Firefly Park at 217 acres in Frisco; Willow Park North at 139 acres in Parker County), multifamily (The Harden, The Gates at Meadow Place, Lofts at Allen Ridge), retail and entertainment (The District at Willow Park, The Shops at Willow Park, Fort Worth Public Market), industrial (Markum Business Park, 200 acres), office (One Ridgmar Centre), and hospitality (SpringHill Suites by Marriott, Holiday Inn Express Kermit). Wilks operates a long-term ownership and stewardship model rather than a flip-developer model, retaining assets and running property management in-house through Fivestone Management, which oversees more than 1.4 million square feet of commercial, retail, hospitality, and industrial space plus multifamily assets with 96% average occupancy in 2025.

The company's underlying technology is limited and primarily third-party: Dwelo smart home technology is deployed in multifamily units at The Gates at Meadow Place, and there is no proprietary development or property management platform. Pricing is largely quote-based and negotiated per asset: examples include Markum Business Park industrial/office space at $26,456.45 monthly and Elk City, Oklahoma land at $2,900,800 one-time, while residential rents at The Lofts at Allen Ridge reportedly command a 37% premium over market per square foot. The go-to-market combines a direct in-house leasing team for commercial, retail, industrial, and multifamily spaces with channel partnerships, notably Kobalt Investment Company for retail at Firefly Park and The Woodmont Company for Fort Worth Public Market leasing.

Revenue mechanics combine recurring rental income across the owned and managed portfolio (commercial, retail, industrial, multifamily, senior living, and hospitality), one-time land and property sales (Southlake lots in 2025, The Reserves at 700 in 2019, Ocean Front RV Park in Fall 2022, 44 acres to Clarity Homes in January 2024), and development economics on projects such as Firefly Park and Willow Park North. The company sells or leases to a broad mix of enterprise retail tenants (TYLER'S Sportswear, Woodhouse Spa), restaurant operators (Frenchie, Cork & Pig, Second Rodeo Brewing), hotel brands (Marriott), industrial users across defense, energy, and construction, and residential tenants. Geographic footprint is concentrated in North and West Texas (Fort Worth, Frisco, Willow Park, Abilene) with additional assets in Oklahoma and Pennsylvania, and operating geographies include Texas and Oklahoma explicitly.

Name

Wilks Development

Legal name

Wilks Development

Website

https://wilksdevelopment.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

Keywords

• Commercial real estate development
• Master-planned communities
• Multifamily residential management
• Mixed-use property development
• Commercial property leasing

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Leasing of retail, office, and industrial spaces to commercial tenants including restaurants, spas, retailers, and office users
2. Residential Property Management: Management of multifamily communities including The Lofts at Allen Ridge, The Gates at Meadow Place, and senior living communities
3. Property Sales: Sale of land, developed properties, and portfolios including Southlake land sold in 2025, The Reserves at 700 sold in 2019, and Ocean Front RV Park sold in Fall 2022
4. Hospitality Operations: Operations of hospitality assets including Holiday Inn Express Kermit and SpringHill Suites Weatherford Willow Park
5. Senior Living: Active senior living community operations including The Harden at Public Market with 199 units

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Wilks Development is a fully integrated real estate development and investment company that develops, owns, and manages commercial, residential, retail, hospitality, and industrial properties. The company operates master-planned communities (Firefly Park, Willow Park North), multifamily residential (The Harden, The Gates at Meadow Place, Lofts at Allen Ridge), retail destinations, food and beverage districts, industrial parks, and Class-A office buildings across Texas, Oklahoma, and Pennsylvania.

Product overview

Wilks Development is a fully integrated real estate development and investment company that develops, owns, and manages exceptional places where people live, work, gather, and create lasting memories. The company operates across multiple real estate sectors including master-planned communities (Firefly Park in Frisco, Willow Park North), multifamily residential (The Harden, The Gates at Meadow Place, Lofts at Allen Ridge), retail (The Shops at Willow Park), food & beverage/entertainment (The District at Willow Park, Fort Worth Public Market), industrial (Markum Business Park), and office (One Ridgmar Centre). The portfolio spans North and West Texas, Oklahoma, and Pennsylvania, with over 35 projects completed and $1B in transactions. The company's integrated approach means it remains invested long after completion, serving as long-term stewards of the communities they create.

Differentiator

Problem solved

Functional benefit

Brands

• Firefly Park: A 217-acre mixed-use urban village development in Frisco, Texas featuring retail, restaurant, office, residential, and hospitality components with a 45-acre central park.
• Fort Worth Public Market
• Willow Park North
• The District at Willow Park

Products and services

• Firefly Park A 217-acre urban village in Frisco, Texas featuring 400,000 SF of retail, 3 million+ SF of Class-A office space, 230 townhomes, and multifamily residential communities (Aurora 251-unit luxury high-rise and The Noc 198-unit mid-rise), centered around a 45-acre destination park designed by Sasaki.
• Fort Worth Public Market A 15,000+ SF historic building (built 1930) undergoing restoration as a vibrant hub featuring shops, dining, and gathering spaces, adjacent to The Harden senior living community.
• The Harden at Public Market A 199-unit active senior living community (55+) located behind the historic Fort Worth Public Market, featuring amenities including a resort-style pool, pickleball courts, and smart technology-equipped units.
• Willow Park North A 139-acre master-planned community in Parker County, Texas featuring neighborhoods, retail, restaurants, entertainment, multifamily, and single-family homes, situated along the Clear Fork of the Trinity River.
• The District at Willow Park Parker County's first restaurant, retail, and entertainment district featuring a 2,000-person capacity amphitheater with concert-grade stage and LED wall.
• The Shops at Willow Park A 60,000+ SF luxury open-air retail development off Interstate 20 in Willow Park featuring national, regional, and local small business tenants with retail, restaurants, services, and offices.
• Markum Business Park A 200-acre business park in Fort Worth with 16 industrial, warehouse, and office buildings hosting diverse industries including commercial real estate, military/defense, oil & gas, and alternative energy.
• One Ridgmar Centre An 18-story, 177,184 SF Class-A office tower in West Fort Worth acquired in 2024, with $9 million in planned renovations over five years.
• The Gates at Meadow Place A 208-unit, HUD-financed multifamily community in Willow Park featuring Dwelo smart technology-equipped units, private garages, and access to hike and bike trails.
• Lofts at Allen Ridge A 241-unit luxury multifamily community in Abilene, Texas near Abilene Christian University featuring resort-style amenities including pool, fitness center, and controlled access.

Quantifiable outcome

• 96% average occupancy across commercial portfolio in 2025
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered core and supporting.

• Frisco Economic Development Corporation (EDC)coreStrategic or Co-development Partner · 25 April 2024Development agreement signed to launch Phase One construction of Firefly Park. Frisco EDC owns 59 acres of the 217-acre site while Wilks Development owns 159 acres. Partnership includes infrastructure development including streets, utilities, and public spaces. The EDC is providing economic incentives to attract major headquarters tenants.
• Kobalt Investment CompanycoreChannel Partner/ Reseller/ DistributorRetail tenant representation for Firefly Park. Represented Wilks Development in transactions with TYLER'S Sportswear, Frenchie, Woodhouse Spa, and Second Rodeo Brewing. Active partner in leasing phase-one retail at The Shops at Firefly Park.
• SasakicoreStrategic or Co-development PartnerGlobal landscape architecture firm from Boston leading the design of the 45-acre signature park and all green spaces at Firefly Park. Creating landscapes that promote healthy and equitable communities with playgrounds, hike and bike trails, and ponds.
• UNStudiocoreTechnology or IntegrationAmsterdam architectural firm providing concept design for Firefly Park. Bringing European-inspired interconnected walkability to North Texas mixed-use development.
• BOKA PowellcoreStrategic or Co-development PartnerDFW-based architecture firm leading design of Hotel Voeux and office components at Firefly Park as part of Phase One Commercial collaboration.
• Hord | Coplan | Macht (hcm2)coreStrategic or Co-development PartnerBaltimore/Denver firm leading design for multifamily and retail components at Firefly Park as part of Phase One Commercial team.
• Kimley-HornsupportingTechnology or IntegrationCivil engineering partner for Firefly Park development providing infrastructure design and planning.
• Travis Street HospitalitysupportingChannel Partner/ Reseller/ DistributorRestaurant group from renowned restaurateur Stephan Courseau bringing Frenchie concept as second location to Firefly Park.
• Brain Storm Shelter / Jason BososupportingChannel Partner/ Reseller/ DistributorHospitality group creating Second Rodeo Brewing at Firefly Park, bringing brewery and bar garden concept to North Texas.
• Jenna Kinard and Micah KinardcoreChannel Partner/ Reseller/ DistributorFort Worth chef partnership to launch three culinary concepts at Fort Worth Public Market: Madrone (fine dining), Willow (cocktail bar), and Public Market Café & Goods. Chef Kinard previously executive chef at Max's Wine Dive and Hotel Drover's 97 West.
• Christian MoscososupportingChannel Partner/ Reseller/ DistributorKansas City restauranteur partnering with Kinards on Fort Worth Public Market culinary concepts.
• Clarity HomessupportingChannel Partner/ Reseller/ DistributorHome builder purchased 44 acres of residential land in Willow Park to build 80 homes in Phase Two of The Reserves at Trinity neighborhood. Building partnership since Phase One.
• The Woodmont CompanysupportingChannel Partner/ Reseller/ DistributorRetail leasing partner for the historic Fort Worth Public Market, handling tenant representation for restaurant and retail spaces.
• BKVsupportingTechnology or IntegrationBringing revolutionary carbon-neutral natural gas to Markum Business Park as sustainable energy partnership.
• Lucchese BootmakersupportingGTM or Marketing PartnerTexas-based luxury bootmaker sponsoring the Lucchese Stage at The District at Willow Park. Stage includes concert-quality sound, lights, and LED wall for live music and entertainment programming.
• AHS Hotel Group, LLCsupportingChannel Partner/ Reseller/ DistributorArlington-based hotel developer operating SpringHill Suites by Marriott at The Shops at Willow Park. 88 all-suites hotel with conference center serving business and leisure travelers.
• Marriott InternationalsupportingChannel Partner/ Reseller/ DistributorHotel brand partnership through SpringHill Suites at Willow Park and Hotel Voeux planned for Firefly Park.
• Wintergreen Synthetic GrasssupportingGTM or Marketing PartnerSponsor of amphitheater at The District at Willow Park supporting entertainment venue programming.

Scale indicators18 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• JPI: Texas-based multifamily developer with operations across DFW and other Sun Belt markets — directly comparable to Wilks' multifamily build pipeline at Firefly Park and existing communities like The Lofts at Allen Ridge and The Gates at Meadow Place.
• Hillwood: Perot family's Dallas-based real estate developer behind large master-planned communities like Liberty Crossing and The Centerpiece at The Epic — directly comparable to Wilks' Firefly Park and Willow Park North in terms of North Texas mixed-use and master-planned development at scale.
• Trademark Property Company: Fort Worth-based retail and mixed-use developer operating experiential destinations like Clearfork and Market at Chadds Ford — closely comparable to Wilks' District at Willow Park and Fort Worth Public Market curation-led retail/entertainment strategy.
• Republic Property Group: DFW-based developer of mixed-use and master-planned communities (including multi-phase North Texas projects) — competes in same Texas submarkets for retail, multifamily, and mixed-use tenants and buyers.
• Billingsley Company: Family-owned DFW developer of master-planned communities (e.g., Cypress Waters, Knoll Ranch) — comparable in business model to Wilks as another Texas family-owned developer with vertical integration and long-term ownership.

Broad incumbents

• Lincoln Property Company: One of the largest U.S. residential and commercial developers and managers — broad incumbent spanning multifamily development and commercial services that competes with Wilks across multiple asset classes in Texas.
• Stream Realty Partners: Large national commercial real estate services and investment firm with significant DFW office, industrial, and retail operations — broader incumbent competing for the same tenant base across Wilks' commercial and office portfolio.
• The Howard Hughes Corporation: Developer and manager of large-scale master-planned communities (The Woodlands, Bridgeland, Summerlin) — comparable in operating model of owning and stewarding mixed-use master-planned communities over the long term.
• Crow Holdings Capital: Dallas-based investment manager and developer with deep Texas commercial, multifamily, and industrial exposure — broad incumbent whose development arm competes with Wilks for institutional tenants and capital partners.

Others

• Cross Company (now Cain Industrial) / The Cross Properties: Dallas-based mixed-use developer with projects like South Side Lamar and regional retail/mixed-use activity — regional peer that complements Wilks in Texas retail/entertainment real estate scene.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wilks Development