Arlington ISD sells 15-acre property for $5.6M as area’s residential development stalls

dfwnewsa | March 26, 2024 | 0 | Fort Worth , Fort Worth News

Arlington ISD sells 15-acre property for .6M as area’s residential development stalls

Arlington ISD board of trustees approved a $5.6 million sale of a 15-acre property located at the southeast corner of the intersection of Camp Wisdom Road and Lake Ridge Parkway in Grand Prairie. (Dang Le | Fort Worth Report)
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Arlington ISD is preparing for the area to reach its full capacity of homes.

The district’s board of trustees unanimously approved, 7-0, a $5.6 million sale of a 15-acre property in Grand Prairie at its March 21 board meeting. The property was intended for a new elementary school, but the district decided against it as residential development in the area has slowed, according to the district’s document. 

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The property is at the southeast corner of the intersection of Camp Wisdom Road and Lake Ridge Parkway. The four adjacent parcels of land are at 5200 Lake Ridge Parkway, 2501 Lynn Road, 2912 Lynn Road and 2914 Lynn Road, Grand Prairie, 75052. Arlington ISD sold the property to Arcadia Realty Corp., a Dallas-based real estate company. 

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