Developer Merhdad Moayedi Lands Key Tract to Build $1B Project in Farmers Branch

By Candace Carlisle – November 19, 2015

Longtime developer Mehrdad Moayedi — the man behind the build-out of the massive redevelopment of The Statler and the finish-out of the Stoneleigh Residences condo tower — has landed a 370-acre key tract of land in Farmers Branch, with plans to build a $1 billion “true mixed-use” development.

“We gave them the money this morning and we’re going through zoning with Farmers Branch to build $1 billion of development that will include office, retail, hotels, homes, townhomes and multifamily,” Moayedi told the Dallas Business Journal in an interview Thursday morning.

Continue reading the article at Dallas Business Journal.

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