The privately-held Dallas-based residential property developer Wilbow Corporation has announced that Larry Corson has been appointed co-president.
Corson had previously been director of residential development for Cooper & Stebbins, an international real estate development and private investment company in the U.S. and New Zealand. In his new role as co-president of Wilbow Corporation, Corson will work closely with the executive team led by Co-President Chas Fitzgerald and Chairman William Bowness.
“We’re thrilled to have a dynamic leader like Larry Corson join Wilbow Corporation during this period of market expansion,” Bowness said. “His exceptional business skills, management expertise and deep knowledge of the real estate community will be important assets as Wilbow expands its reach in North Texas.”
Wilbow Corporation is an independent, wholly-owned subsidiary of the Melbourne, Australia-based Wilbow Group, which was founded by William Bowness in 1976. Bowness established himself as a leading property developer in Australia in the mid-1970s and opened Wilbow’s Dallas office in 1988.
Since then, the Dallas-based Wilbow Corporation has developed more than 60 single-family residential communities in both urban and suburban neighborhoods. In recent years, Wilbow has strategically acquired new properties and developed a diverse portfolio of distinctive residential communities in North Texas cities including Southlake, Colleyville, Flower Mound, Roanoke, Keller, McKinney, Prosper, Fort Worth and Dallas.
Wilbow has won numerous industry awards, including a Greater Dallas Planning Council award for best urban design for its Tribute at Mills Branch development in Lancaster and the Dallas Builders Association’s McSAM award for the Heritage residential community in Celina. Wilbow is currently developing the new communities of Fairway Ranch in Roanoke, HighGrove at West Kessler Heights, Villas of Lake Highlands, both located in the City of Dallas, and Hunters Glen in Flower Mound and The Overlook in Colleyville.
“Larry Corson brings a wealth of experience that will help Wilbow realize its growth potential while maintaining its long-held reputation for high-quality communities throughout Dallas-Fort Worth,” Fitzgerald said. “Larry will be invaluable as Wilbow continues to develop strong relationships with a wide variety of builders, municipalities, and capital sources.”
Corson has held key leadership positions throughout his 30-year career in real estate investment and development. As a director for Cooper & Stebbins, he was primarily responsible for the development of the Garden District, a luxury residential enclave located in the acclaimed mixed-use Southlake Town Square development in suburban Dallas-Fort Worth.
Before joining Cooper & Stebbins, he led the Charlotte, North Carolina-based real estate development company Crescent Resources. As Crescent’s president and CEO, Corson repositioned the company to focus on development of single-family, multifamily and resort-style communities throughout the southeast.
Prior to joining Crescent, he served as senior vice president of Hunt Realty Investments, the real estate investment arm of Hunt Oil Company, owned by Ray Hunt and his family. Corson was responsible for Hunt’s land development activities across a spectrum of residential, resort and commercial uses.
In the 1990s, Corson ran portfolio companies focused on residential and golf course development as a principal with Westbrook Partners. Early in his career, he held positions with J.E. Robert Company, Trammell Crow Ventures and Jones Lang Wootton Realty Advisors. Corson earned an MBA in finance from Columbia University and a BS in accounting from High Point University.
Corson has played an integral role in many nonprofit organizations, including the Urban Land Institute, where he serves as a chairman of the national Recreation Development Council and is an assistant chairman of the local Community Development Council in North Texas. He has also served as mayor pro tem of the Town of Westlake and as a trustee of Westlake Academy, the only publicly-owned open enrollment charter school in the State of Texas.
“I look forward to working closely with Wilbow’s executive team to help strengthen its brand and its diverse portfolio in Texas,” Corson said. “I’m excited to help the company continue its focus on quality as it builds strategic, well-positioned communities for today’s families.”