Thomas Land & Development now faces more than $14 million in liens after Balfour Beatty Construction and SES Group filed liens late last week. So far, 14 contractors and suppliers have filed liens against the developer of Wade Park this year.
According to the Collin County clerk’s office, Thomas Land & Development has paid one lien worth $2,900 to Alpha Testing. No records have been filed indicating that the other liens have been paid.
The developer for the 175-acre Wade Park project owes contractors and suppliers more than $7 million for work done on the project, according to records from the Collin County Clerk’s office.
Since March, 12 contractors and suppliers have filed liens against Georgia-based Thomas Land & Development for unpaid services and materials. The latest lien was filed Nov. 15.
A representative from Thomas Land & Development did not immediately return calls from Community Impact Newspaper.
The businesses seeking payment from Thomas Land & Development include Vilhauer Enterprises, Capform Inc. and Redi-Mix Concrete, whose equipment can be seen on the Wade Park site.
Construction has slowed to a standstill on the development, which has a completion deadline of December 2018 to receive a sales tax grant from the city worth up to $47 million in total.
Meanwhile, several tenants, including Hotel ZaZa, have pulled out of the project while others have pushed back their opening dates. Whole Foods Market, which was first projected to open in 2015, has pushed its opening date to 2019, Stan Thomas, CEO of Thomas Land & Development, said in a previous story.
In October, Community Impact Newspaper reported that Thomas Land & Development was working to secure a second loan after the company obtained a $82.75 million loan in January to continue construction.
At least one other business, 18|8 Fine Men’s Salons, has announced its commitment to the development since October.