Back in June, Provident Realty spokesperson Marie Fahey told Unfair Park that, look, the developer wasn't quite sure when it was gonna get around to building that European crossroads at Walnut Hill and Central Expressway, site of the long-delayed Glen at Preston Hollow mixed-use development. The company, she said, was getting its economic nuts crunched like every one else and, therefore, it was studying "a wide variety of alternative designs that may be considered in the future." And that was that, though ever since that piece ran, we've heard rumblings that, wuh-oh, the property may fall into foreclosure.
Writes Steve Brown this afternoon, that's exactly what has happened: "Lenders have scheduled a forced sale for early next month on the 42 acres at the northwest corner of North Central Expressway and Walnut Hill Lane." Fahey's out of the office this week (lucky!), but her sub at C. Pharr & Company PR has promised to get a response from Provident since we can't reach anyone at its LBJ Freeway offices, stunning.
Update at 3:22 p.m.: The very nice Katie, who's new at C.Pharr, just called and said the PR firm doesn't actually handle Provident anymore. It's a very recent development. She suggested calling the developer directly. That, or banging my head against the desk.
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.