Billion-dollar Wade Park changes hands, future uncertain

​​​​​FRISCO – WP Development Partners LLC has purchased the Wade Park development site from Atlanta-based Wade Park Land Holdings.

The 175-acre property on the Dallas North Tollway has been threatened with foreclosure for the past year. 

Work on the $2 billion development began in 2014 and ground to a halt in mid-2017, leaving partially constructed buildings and a huge excavation site along the tollway.

The ownership change does not wipe out any debt or liens on the property and does not preclude a foreclosure, according to the deeds.​​