FRISCO – WP Development Partners LLC has purchased the Wade Park development site from Atlanta-based Wade Park Land Holdings.
The 175-acre property on the Dallas North Tollway has been threatened with foreclosure for the past year.
Work on the $2 billion development began in 2014 and ground to a halt in mid-2017, leaving partially constructed buildings and a huge excavation site along the tollway.
The ownership change does not wipe out any debt or liens on the property and does not preclude a foreclosure, according to the deeds.
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