Wade Park lenders file foreclosure notice

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Updated Feb. 14

Two lenders for the 175-acre Wade Park project filed a foreclosure notice to the Collin County Clerk’s office Friday.

According to the notices, a sale of the property is scheduled for March 6 unless an agreement is reached.

The development has faced financial trouble in the past year. After the developer secured a loan to keep construction moving, several tenants were found to have pulled out of the development.

In December, Thomas Land & Development, Wade Park’s developer, faced about $14 million in liens from unpaid contractors and suppliers.

Check back later for updates to this story.

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Lindsey Juarez
Lindsey has been involved in newspapers in some form since high school. She graduated magna cum laude from the University of Texas at Arlington in 2014 with a degree in Journalism. While attending UTA, she worked for The Shorthorn, the university's award-winning student newspaper. She was hired as Community Impact Newspaper's first Frisco reporter in 2014. Less than a year later, she took over as the editor of the Frisco edition. Since then, she has covered a variety of topics and issues important to the community, including the city's affordable housing shortage, the state's controversial A-F school accountability system and the city's "Bury the Lines" efforts.
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