Wednesday, November 24, 2010

Kroenke says it doesn't have plans in place yet for Walnut Hill site

The new owners of a prime North Dallas development site say they aren't in a hurry to do anything with the land.

A partnership set up by Missouri-based Kroenke Holdings bought 42 acres at the northwest corner of Walnut Hill Lane and North Central Expressway on Nov. 12 from lenders who had foreclosed on the property.
The vacant land is zoned for a combination of retail, commercial, apartments and residential space.
Representatives of new owner E. Stanley Kroenke said in an announcement that they plan to "improve and develop the property over the coming years."
By Steve Brown/Dallas Morning News