Hilco Markets Carrollton Gateway 11.2-Acre I-35E Site in Bankruptcy Sale

Hilco Global has put the Carrollton Gateway property at 2441 North Broadway Street, an approximately 11.2± acre mixed-use land assemblage along Interstate 35E, up for a court-approved Chapter 11 bankruptcy sale, with bids required on the Purchase and Sale Agreement by 5:00 p.m. Central Time on February 26, 2026. The sale is being conducted under Petition No. 24-33585-sgj11 in the United States Bankruptcy Court for the District of Texas, Dallas Division, and sale materials and due-diligence documents are available to qualified bidders on Hilco Real Estate Sale’s website.

The site sits adjacent to the Trinity Mills DART Rail Station and carries dual zoning designations identified as Trinity Mills Transit Center (TMTC) and Freeway (FWY). Hilco’s marketing materials highlight the parcel’s freeway frontage, visibility and access, and assert the property has entitlement flexibility and “the ability to develop up to 20 stories.” Stephen Madura, senior director at Hilco Global, said, “Carrollton Gateway offers a level of scale, density and visibility that is exceptionally difficult to replicate in North Dallas. With multiple zoning and entitlements, transit access and the ability to develop up to 20 stories, this site provides developers with rare flexibility to execute a truly transformative mixed‑use project along the I‑35E corridor.”

Hilco positions the assemblage for high-density, transit-oriented hospitality, residential, office and retail uses, and notes the site may be purchased as a single assemblage or on a tract-by-tract basis to support phased development strategies. Benjamin Zaslav, a director at Hilco Global, has emphasized the significance of development certainty, noting the asset is defined by clear parameters and robust zoning regulations.

For Carrollton and neighboring communities in north Collin County, the sale revives a long-standing local story. Locals have watched the land sit idle for years, and one report notes the site was once pitched as a roughly $300 million Carrollton Gateway project. If a transaction and subsequent development proceed, the parcel’s transit adjacency and I-35E visibility could accelerate housing and retail near Trinity Mills and add taxable value to the city’s base. Redevelopment at this scale would likely generate construction jobs and increase demand on local infrastructure, particularly traffic at the Trinity Mills node and adjacent arterials.

There are open questions: Hilco’s materials list the Feb. 26 bid deadline, while one local report also cites an auction and best-and-final round on March 3, 2026, a date not mentioned in Hilco’s press materials. The bankruptcy docket, the Purchase and Sale Agreement and City of Carrollton planning files will be key documents to confirm sale mechanics, tract-level detail, entitlement specifics and any sale protections.

For residents, the immediate takeaway is that the long-stalled parcel has an active sale timetable that could change traffic, housing supply and commercial options near Trinity Mills. Watch filings on Petition No. 24-33585-sgj11 and Hilco’s sale portal for updates, and expect the city planning office to be called on for permit and infrastructure discussions if a buyer moves forward.