Daydra Management Files for Bankruptcy on The District Wylie
Wylie-based developer Daydra Management has filed for Chapter 11 bankruptcy on The District, a master-planned, mixed-use community in Wylie which w...
Wylie-based developer Daydra Management has filed for Chapter 11 bankruptcy on The District, a master-planned, mixed-use community in Wylie which was set to include 34 townhomes, 149 apartments, and 200,000 square feet of commercial space. The development is being overseen by Wylie-based real estate agency Heritage Properties and was pre-leasing for its commercial space prior to the filing. At the time of writing, 95 percent of its townhomes were also pre-sold. According to the filing, the liabilities for the development's ownership entity are estimated to be between $50 million to $100 million.