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Foreclosed Project Gets Second Chance

Dallas-Ft. Worth

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Foreclosed Project Gets Second Chance

Created by DPE, Copyright IRIS 2007

SkyWalker Property Partners and DC & KH (a Venture Commercial affiliate) JV'd to purchase the remaining 70 lots of the Townhomes of Camp Wisdom in Tarrant County for commercial and residential development. They took the deed of the foreclosure by Washington Federal Bank. Plans call for replatting 1.6 acres (22 residential lots) of the 8.3-acre tract as two commercial pad sites, both of which will be ground leased to national restaurant chains (negotiations in the works). SkyWalker Property will solo on the balance of the land's development--48 townhomes. Situated at the northeast quadrant of West Camp Wisdom Road and Magna Carta Boulevard in Grand Prairie, the acreage was acquired with roads and utilities in place. Townhome construction could get underway in 120 to 180 days.