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Foreclosure Avoided on Dallas Trinity River Corridor property

By BJ Austin

Dallas, TX – Today was the day an Arkansas Bank was to offer a prime piece of Trinity River Corridor property in a FORECLOSURE sale.

Almost two weeks ago, Bank of the Ozarks confirmed it was foreclosing on 50 acres along Industrial Boulevard where Irving-based J-P-I planned to build a huge residential/retail complex.

But a spokesman for J-P-I tells KERA the sale won't happen. Kristin Reed says both the bank and J-P-I are "confident that a complete resolution will be reached in the near future."

City Council member Angela Hunt has called the huge project is "the star" of the anticipated development in the Trinity River Corridor.