Almost a year after the Las Colinas Equestrian Center in Irving closed, the 18-acre former riding and stable facility property has been sold to a high-profile Dallas developer.
“Provident Realty Advisors Inc. plans to develop the property into approximately 70 single-family lots and sell the lots to David Weekley Homes,” said Provident’s Jay Hawes. “The size range and price range of homes is still being determined.”
The equestrian center operated for more than 30 years at 600 E Royal Lane until it closed last year because of a lack of space and declining business.
“We took all the buildings down, and it’s barren land ready for development,” said Buddy Jordan, one of the former owners who had held the property since the 1990s.
Jordan said the land is zoned for single-family homes, and Provident Realty plans a new housing community.
The equestrian center was one of the original parts of the Las Colinas development as envisioned by the founding Carpenter family.
“It’s kind of sad to see it go,” Jordan said. “It’s one of those things that Ben Carpenter loved out here.
“We already sold part of the land to Uplift North Hills Charter School, which is next door.”
Provident Realty Advisors develops a wide variety of projects in North Texas.
The real estate company is a partner in the mixed-use project Preston Hollow Village at North Central Expressway and Walnut Hill Lane. And Provident Realty is building apartments in several locations in the Dallas-Fort Worth area.
Southwest of Fort Worth, Provident Realty recently purchased the 468-acre Pate Ranch for development of a residential community on Chisholm Trail Parkway.