Carrollton, Texas, February 11, 2026
The 11.2-acre Carrollton Gateway site, envisioned as a $300 million mixed-use development in Texas, is now available for bankruptcy sale. With bids due by February 26, 2026, and an auction on March 3, the property suffered construction delays due to disputes between the original developer and investors. The site offers significant development potential, being near transit and employment centers.
Carrollton, Texas
Stalled $300 Million Carrollton Gateway Project Seeks New Owner
Carrollton, Texas – An 11.2-acre site in Carrollton, previously envisioned as the $300 million Carrollton Gateway mixed-use development, is now available for purchase through a court-approved bankruptcy sale. Bids are due by February 26, 2026, with an auction scheduled for March 3, 2026. The property, located at 2441 North Broadway Street, is being marketed by Hilco Global and can be acquired as a single package or by individual tract. Qualified bidders can access the Purchase and Sale Agreement and due-diligence materials through Hilco Global.
Project Background
The Carrollton Gateway project was initially proposed as a $300 million mixed-use development, featuring multifamily housing, office spaces, and hospitality components. However, years of disputes between the original developer and investors led to construction delays, resulting in the project’s current stalled status. The site is part of Chapter 11 case No. 24-33585-sgj11, with recent court entries facilitating the sale process.
Property Details
The 11.2-acre site comprises four tracts with dual zoning, allowing for transit-oriented, high-density uses such as multi-family housing, hotels, office spaces, and retail establishments. Portions of the property can accommodate buildings up to 20 stories. The land is situated near the Trinity Mills DART station and major North Dallas employment centers, offering clear development parameters that can reduce entitlement risk. Nearby projects, such as Eviva Trinity Mills, indicate local momentum for transit-adjacent housing and retail developments.
Next Steps
Interested parties must submit their bids by February 26, 2026. The auction is set for March 3, 2026. Prospective buyers are required to follow the formal Purchase and Sale Agreement process and provide proof of financing and other qualification materials. If a buyer emerges, the sale could revitalize the long-promised mixed-use node in Carrollton, though any new developer will need to address entitlements, financing, and current market conditions for office and retail spaces.
Related Developments in Carrollton
Carrollton has seen significant growth in residential and mixed-use projects. Notably, the EVIVA Trinity Mills development, a five-story mixed-use project, broke ground in July 2023. This development includes over 430 multi-family units and live/work spaces, contributing to the city’s expanding real estate landscape. Additionally, the Downtown Mixed Use Project, which began construction in 2025, aims to add 80 one- and two-bedroom multifamily units to the downtown area by 2027, further enhancing Carrollton’s urban core.
Conclusion
The Carrollton Gateway site presents a significant opportunity for developers interested in revitalizing a prime location within Carrollton. With its strategic positioning and the city’s ongoing development initiatives, the site holds potential for a transformative mixed-use project that could contribute to Carrollton’s continued growth and urban development.
Frequently Asked Questions (FAQ)
What is the Carrollton Gateway project?
The Carrollton Gateway was initially proposed as a $300 million mixed-use development in Carrollton, Texas, featuring multifamily housing, office spaces, and hospitality components. However, due to disputes between the original developer and investors, the project has been stalled, leading to its current availability for purchase through a bankruptcy sale.
What is the current status of the Carrollton Gateway site?
The 11.2-acre site is now available for purchase through a court-approved bankruptcy sale. Bids are due by February 26, 2026, with an auction scheduled for March 3, 2026. The property can be acquired as a single package or by individual tract, with due-diligence materials available to qualified bidders.
What are the zoning and development possibilities for the site?
The site comprises four tracts with dual zoning, allowing for transit-oriented, high-density uses such as multi-family housing, hotels, office spaces, and retail establishments. Portions of the property can accommodate buildings up to 20 stories, offering flexibility for various development plans.
How does the Carrollton Gateway site relate to other developments in Carrollton?
The site is situated near the Trinity Mills DART station and major North Dallas employment centers, aligning with Carrollton’s ongoing development initiatives. Nearby projects, such as Eviva Trinity Mills and the Downtown Mixed Use Project, indicate a trend toward transit-adjacent housing and retail developments, suggesting potential for revitalization of the Carrollton Gateway site.
What are the next steps for interested buyers?
Interested parties must submit their bids by February 26, 2026. The auction is set for March 3, 2026. Prospective buyers are required to follow the formal Purchase and Sale Agreement process and provide proof of financing and other qualification materials. If a buyer emerges, the sale could revitalize the long-promised mixed-use node in Carrollton.
Key Features of the Carrollton Gateway Project
| Feature | Description |
|---|---|
| Location | 2441 North Broadway Street, Carrollton, Texas |
| Site Size | 11.2 acres |
| Proposed Development | Mixed-use project including multifamily housing, office spaces, and hospitality components |
| Zoning | Dual zoning allowing for transit-oriented, high-density uses such as multi-family housing, hotels, office spaces, and retail establishments; portions can accommodate buildings up to 20 stories |
| Proximity | Near Trinity Mills DART station and major North Dallas employment centers |
| Sale Details | Bids due by February 26, 2026; auction scheduled for March 3, 2026; property can be acquired as a single package or by individual tract |
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