North Dallas’ Midtown Park (Valencia) project sold to investor | Dallas-Fort Worth Commercial Real Estate News – Business News for Dallas, Texas – The Dallas Morning News

Posted by    |    December 30th, 2011 at 5:15 am

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.

Read more at North Dallas’ Midtown Park project sold to investor | Dallas-Fort Worth Commercial Real Estate News – Business News for Dallas, Texas – The Dallas Morning News.