Black Dog – a new breed in Real Estate Development.

A merchant developer who sees potential others don’t,  we have an unyielding focus on our clients' needs.

Development. Realized.

Our approach is methodical, but entrepreneurial; we’re bold, yet trusted. We don’t just see opportunities; we uncover them, guided by our unwavering commitment to flawless execution.

Black Dog in partnership with Ruck Lane, embodies the essence of redefining how development is done. Our relentless pursuit of excellence is woven into every partnership, every decision. We’re not just developers; we’re leaders, navigating the terrain with agility and foresight. Our reputation is built on a foundation of integrity and proven expertise.

Our Story

Real estate development isn’t just our business –  it’s our obsession.

As one of the partners in Black Dog Development, Terry Wallace utilizes his professional experience in the real estate and construction sectors to lead Black Dog Development as its President. Terry has assembled a trusted team covering the full spectrum of the development process including the best architects, engineers, and real estate agents. Terry is the co-founder of Penalta Group Ltd., a 25-year-old general contractor, design builder, and construction manager, focusing on serving its clients across numerous sectors including retail, industrial, self-storage, hospitality, commercial, and residential sectors. Terry’s expertise in construction translates to Black Dog Development’s success in the design and execution of our projects.

Terry Wallace’s LinkedIn Profile

Our Process

With agility and foresight, we navigate market complexities, seizing opportunities and mitigating risks with precision.

IDENTIFY

We're dedicated to sourcing on and off-market opportunities, driven by our decades of industry experience. Using methodical analysis and time-garnered intuition,  we uncover hidden gems, establish best-use scenarios, and forge strategic partnerships. Trusted pioneers,  we navigate with agility, integrity and authenticity. Leveraging our expertise and network, we craft tailored development structures, laying the groundwork for successful projects.

• Source on/off market opportunities
• Establish highest and best use development scenarios
• Create project operating and capital partnership structures

ASSESS

With a commitment to excellence,  we offer a full range of due diligence services including master planning, project underwriting, and entitlement consulting. Our meticulous analysis, guided by a proven track record and ethical approach, informs every decision. From financial analysis to risk assessment, we provide empowering insights for confident choices. Our holistic approach optimizes every aspect of your project, with bespoke solutions to maximize its potential.

• Master planning and site/  asset analysis
• Project underwriting and  financial analysis
• Entitlement consulting

EXECUTE

As development management leaders, we handle projects from acquisition to disposition with unwavering dedication and accountability. Our agile approach enables seamless navigation of challenges, consistently exceeding expectations. Focused on quality,  we optimize opportunities and manage projects with unmistakable expertise. From budget and schedule management to full cost control oversight, we forge successful partnerships by doing the right thing  at every step.

• Asset acquisition
• Development management
• Asset disposition