Lenders set April 3 date for forced sale of $3B Wade Park in Frisco – Dallas Business Journal

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Frisco’s $2B Wade Park escapes foreclosure for third month. The stalled mixed-use project initially dodged being sold at auction on March 6 after lenders foreclosed on construction loans made to Wade Park Land LLC, an affiliate limited liability company of Atlanta-based Thomas Land & Development. The property also escaped forced sale on April 3.

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Up 2 Date Frisco/Little Elm . Go Little Elm grow! "The area will include high-quality retail and restaurants with some living units. Gibbs said it will have no more than 650 living units. There will also be a mini Klyde Warren Park that will provide open space. It will be a pedestrian-oriented development with connectivity to other facilities.

will have another chance to force the sale at the next scheduled Collin County foreclosure date on June 5. Wade Park is one of the largest pieces of Frisco’s planned $5 billion mile of developments.

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Gamma Real Estate has closed on $82.75 million of financing to help develop the 175-acre Wade Park mixed-use project along the Dallas North Tollway in Frisco, Texas, a rapidly growing northern.

The developer of the idled Wade Park project in Frisco says he expects to secure financing through JPMorgan (NYSE: JPM) within 30 days to set the $2 billion venture. Thomas told the Nashville.

Commercial Real Estate Development Hurdles at Frisco’s Wade Park. More than $4.2 million worth of liens have been filed on the 175-acre mixed-use development in the $5 billion mile.

Frisco’s Wade Park Set for Foreclosure Tuesday. -acre mixed-use project that fronts the Dallas North Tollway at Lebanon Road was listed on a Collin County foreclosure sale for the fourth month.