Lender Wants to Foreclose on Fifty Acre Trinity River Development

Irving based JPI bought land along Industrial Blvd. and the Trinity River to build a proposed $950 million retail and apartment complex, but now, a lender wants to foreclose on the still vacant property.

Once the site of the Alford Refridgeration Warehouse company, the development was approved last October to contain 3,000 residential units and 400,000 square feet of retail space.

Now, the lender plans a Feb. 3 foreclosure sale if an agreement isn't reached with the developer.

Read more on this story from the Dallas Morning News

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