A huge North Dallas development that’s been stalled since the recession hit has new owners.
The almost 80-acre Midtown Park project along Meadow Road just east of North Central Expressway was purchased out of receivership by a Missouri-based property investor.
A partnership set up by the Kroenke Group acquired the development, which was planned as an $800 million mixed-use project.
“We purchased [the property] for an investment and are currently evaluating our plans,” R. Otto Maly, president of Columbia, Mo.-based Kroenke Holdings, said Tuesday in an email.
