Flurry activity? Midtown Park mixed-use project to restartFlurry activity? Midtown Park mixed-use project to restarthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=23542014-12-01T14:13:00Z2014-12-01T00:00:00Z

DALLAS - The 83-acre Midtown Park project that has been stalled for more than five years is about to see a flurry of construction. The project was originally started almost ten years ago on Meadow Rd., just east of N. Central Expy.

Two development sites in the project have just sold to builders, and several more transactions are about to close.

“We have basically sold everything,” said Leon Backes, head of Provident Realty. Provident is development partner with Missouri-based Kroenke Holdings, which owns the land. “This time next year there will be a huge amount of construction going on over there.”

San Antonio-based developer Embrey Partners has purchased 15 acres in the project where it will construct a large rental community.

Developer Hines has purchased another tract for more than 250 townhomes.

Plans include health care facilities, apartments, townhomes, a large rental community and a retirement center.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20141128-construction-to-restart-on-north-dallas-project-that-stalled-during-recession.eceRead more at {Source}

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