Gregory Mutz & Robert Lapp Of AMLI Residential Acquire 8-Acre Development Site In Addison From VVI, Inc

The transaction involved the sale of an eight-acre development site located at 14833 Midway Road in Addison, Texas. The property was formerly home to the Midway Square Shopping Center, which is planned for redevelopment. AMLI Residential is set to transform the site into the AMLI Treehouse mixed-use development, incorporating green spaces, retail, and housing amenities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Acres: 8
• Buyer: Gregory Mutz & Robert Lapp - AMLI Residential
• Seller: VVI, Inc.
• Brokers: Ben McCutchin & Sam Kartalis - Younger Partners

Younger Partners facilitated the transaction, representing AMLI Residential in the acquisition of the property. The development aims to align with the Town of Addison's vision for the Midway South neighborhood by demolishing the aging shopping center.