Provident Realty lands another DFW development site

Dallas-based Provident Realty Advisors is on a roll.

The firm just closed on another metroplex property, this time a 96-acre Arlington country club with plans for a mixed-use community, the Dallas Business Journal reports.

After 68 years of operation— even hosting tournaments like the Texas Women’s Open— Rolling Hills Country Club closed in June of this year. According to the Fort Worth Star Telegram, its membership fell from 500 to 83 as members aged and stopped playing golf or died.

Now, the tract at the corner of North Cooper Street and East Lamar Boulevard will be the location of Provident’s latest mixed-use community.

Provident was said to have won an “intense competition for the site,” according to Landry Burdine of Land Advisors Organization’s Dallas-Fort Worth office, which represented the country club.

At the other end of the Dallas-Fort Worth metroplex, Provident is also developing a 1,500-acre master-planned community off U.S. Highway 287 near Midlothian. The project will eventually add 4,600 homes to North Texas at full buildout. And last year, the company acquired 156.8 acres northwest of Texas Motor Speedway in Northlake, where it wants to build over 1.5 million square feet of new industrial space. The company is also developing a community of 242 single family rental homes in Garland.

— Maddy Sperling