Artemio De la Vega Net Worth 2026: The Central Dallas Developer

No reputable publisher has estimated Artemio De la Vega's net worth. The $23 million figure that used to lead this page had no source, so it has been removed. What is documented is a long commercial real estate career. De La Vega built the Las Palmas Marketplace shopping center in El Paso and sold it in 2010 for $84 million. He is now developing The Central, a 27-acre mixed-use district in East Dallas that has been described as a $2.5 billion project, and in 2025 his firm bought the Turtle Creek Village shopping center in Dallas.

What is Artemio De la Vega's net worth?

There is no estimate from Forbes, Bloomberg, Celebrity Net Worth or a major newspaper. His companies, De La Vega Capital and its subsidiary De La Vega Development, are private. Project values such as The Central's $2.5 billion price tag describe the total cost of a development built with partners and lenders, not his personal fortune, and the debt and equity behind each project are not public.

Yearly income and where the money comes from

The previous page gave a yearly income of $600,000 with no source; that has been removed. His income is private. The documented sources of his wealth are real estate development, sales of completed projects and long-term ownership of commercial property:

• Las Palmas Marketplace, El Paso. He developed the center in the late 1990s and early 2000s and sold it to Dallas-based Dunhill Partners in 2010 for $84 million, the El Paso Times reported. It was later valued at up to $138.4 million in a 2016 Blackstone portfolio deal.
• Other large projects. His company biography lists the 900,000-square-foot Canyon West in Lubbock, the 400,000-square-foot Kings Crossing in Shreveport, and industrial facilities for clients including Chrysler, General Motors and Alcoa. It says he has invested in, acquired, developed or redeveloped more than 100 commercial projects.
• Turtle Creek Village, Dallas. De La Vega Capital bought the 7.3-acre Oak Lawn center, with an 18-story office tower and 95,000 square feet of retail anchored by Tom Thumb, from CIM Group in May 2025. The price was not disclosed; The Real Deal reported a taxable value of $78 million. The firm plans to keep it as a long-term legacy asset.
• The Central, Dallas (below).

See Article: Benny Cenac Net Worth

The Central and the Leaning Tower of Dallas

De La Vega began assembling land for The Central, at U.S. 75 and North Haskell Avenue, in 2017. The site became internet-famous in 2020 when a demolition left an old office tower standing at an angle, the so-called Leaning Tower of Dallas. The Dallas Business Journal reported in 2020 that the plan had grown to 5 million square feet with a $2.5 billion price tag.

After pandemic delays, construction resumed in fall 2022. The first phase, The Oliver, a 19-story, 321-unit apartment tower built with StreetLights Residential, opened in October 2024. In March 2026, The Real Deal and the Dallas Business Journal reported the next phase: a 400-unit residential high-rise and a large wellness club in permitting, a roughly 200-room Marriott Autograph Collection hotel under contract with a third-party developer, possibly starting in early 2027, and three restaurants around a 2-acre park.

Career

His company biography says he has more than 25 years in entrepreneurial and real estate work, with a focus on retail centers and mixed-use developments, and that he handles development, master planning, entitlements, construction and capital markets. He is active in the International Council of Shopping Centers and The Real Estate Council, and serves on the Executive Committee of the University of Texas System Chancellor's Council.

The El Paso Times reported in 2016 that he sold Las Palmas, his first shopping center, because he had moved to Dallas.

Philanthropy

He is a board member and donor of the FEMAP Foundation and supports the Artemio De La Vega Scholarship Fund for Hispanic students at the University of Texas at El Paso, according to his company biography.

Early life and family

De La Vega was born in El Paso and raised across the border in Juárez, the El Paso Times reported. The old version of this page said he was born into a family of capital investors; we found no source for that and have removed it.

Artemio De la Vega's wife

His company biography says he is married and has four children. It does not name his wife, and we do not guess. Annmarie De La Vega is quoted in 2025 coverage as part of De La Vega Capital.

Education

He holds a Bachelor of Business Administration from the University of Texas and is a graduate of Culver Military Academy. He also holds a private pilot license.

Age and height

The El Paso Times gave his age as 51 in April 2016, which puts him around 61 in 2026. His height and weight have not been published; the previous figures had no source.

Read Also: Betsy Berns Korn Net Worth

Compared with other developers

Other real estate figures profiled here include developer Alan Sackman. As with De La Vega, no reputable outlet has published a verified net worth.