IRVING, TX-A Chicago-based apartment builder has bought a development site in Las Colinas for a residential project. Amli Residential has purchased nearly 9 acres of land on Lake Carolyn Parkway near DART's Las Colinas Urban Center Station from Park Cities Bank.
The developer has plans to construct 479 apartments on the site at California Crossing and Lake Carolyn. The bank foreclosed on 16.8 acres of tract at the Lake Carolyn Parkway location in 2011 when a partnership defaulted on over $6.7 million in debts. For the full story, go to Dallas Morning News .
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