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FORT WORTH-A Dallas development group has taken the field as theback-up buyer in a four-year process to sell a former steelcompany's 27-acre site in southwest Fort Worth. With the land dealclosed, an $18-million, mixed-use project is primed to break groundin May.
Surety Bank sold the 3917 Hemphill St. land to PDLA Partners,primarily a residential developer that's now poised to tackle itslargest commercial project to date. Luis Pina with Dallas-basedHenry S. Miller Commercial, the bank's broker, says contracts withthree other would-be buyers fell out through the years in the planto convert the site into mixed-use space.
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