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Victory Park site owned by the Kroenke Group, Provident Realty Advisors hits market

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The Kroenke Group and Provident Realty Advisors, Inc., plan to sell a 3.6-acre site located at 703 McKinney Ave. in Dallas, with Foundry Commercial marketing...

Provident Realty Advisors Inc.The land, which currently holds a 141,000-square-foot building, is billed as a redevelopment opportunity with the potential to renovate the property or to expand the existing features, given its visibility and walkability.“This site is and has been a quintessential part of Dallas’ history,” said Leon Backes, owner and CEO of Dallas-based Provident.

Provident and the Kroenke Group, based in Missouri, have a history of working together with projects such as the mixed-use developmentDallas’ city plan commission on Thursday reviewed a zoning case for a redevelopment in Preston Center, with topics spanning from the height of the building, an increase in mixed-income housing units and the inclusion of the entire block for consideration.Invesco is the latest in a series of firms departing downtown Dallas for the other side of Klyde Warren Park.

 

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