News

Fairfield Residential LLC, Owner of Six DFW Apartment Complexes, Files For Chapter 11

By Robert Wilonsky Mon., Dec. 14 2009 at 11:47 AM
Categories: Biz, News
vistaatvictory.JPG
Vista at Victory
​A Friend of Unfair Park sends word that Fairfield Residential LLC -- which has offices in San Diego and Grand Prairie -- filed for Chapter 11 reorganization yesterday in the District of Delaware, with the first hearing scheduled for tomorrow. Says the notice posted today on Fairfield's Web site, it was a voluntary filing prompted by an inability to refinance heavy debt and offload some properties, but the company insists Chapter 11 "will enable continuity of Fairfield's property management, asset management, construction services and general partner functions for the benefit of its creditors and other stakeholders."

That's goodish news for some Victory Park tenants: Among Fairfield's six properties in the DFW is the 224-unit Vista at Victory. But if the name Fairfield Residential rings a bell, well, that's probably because it was the company trying to turn the former Signature Pointe complex on Lovers Lane into a multi-use development. Alas, after much back-and-forthing with the city over zoning issues last year, Compass Bank wound up with the whole shebang.
Email to Friend
Print Article

We Recommend

My Voice Nation Help
0 comments
  Livefyre
Sort: Newest | Oldest
VOICE Daily Deals

Slideshows»

Retail

General

More >>
©2013 Dallas Observer, LP, All rights reserved.
Browse Voice Nation
  • Voice Places Dallas / Fort Worth

    Voice Places

    Find everything you're looking for in your city

  • Happy Hour App

    Happy Hour App

    Find the best happy hour deals in your city

  • Daily Deals

    Daily Deals

    Get today's exclusive deals at savings of anywhere from 50-90%

  • Best Of

    Best Of...

    Check out the hottest list of places and things to do around your city