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.
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