Groundbreaking for $1 Billion Mercer Crossing in Farmers Branch

Developer Centurion American Development Group is kicking off construction tomorrow on its $1 billion mixed-use development in Farmers Branch.The Mercer Crossing project on LBJ Freeway west of Interstate 35E has been in the works since 2015 when Centurion American bought 370 acres for the development.Since then the developer has been working to complete zoning and master planning for the tract of land.The project is eventually planned to include aprtments, homes, retail and commercial space."Mercer Crossing is the culmination of more than two years of planning with the City of Farmers Branch that takes on a specific theme called Texas Tudor, inspired by English Tudor architecture that also weaves in contemporary Texas style elements," Mehrdad Moayedi, Centurion American President and CEO, said in a statement.The project is designed with 93 acres of urban commerce construction and 174 acres of residential single-family homes.Builders including M/I Homes, First Texas Homes, Beazer Homes, Megatel Homes, Oakdale Homes and Siena Homes will construct houses in Mercer Crossing which will have six different neighborhoods.Centurion American Development Group is one of Texas' largest residential land develpers.The company is also renovating the historic Statler Hotel in downtown Dallas into a mixed-use project.Centurion American made headlines last year because of its connections to United Development Funding, a Grapevine-based lender which is being investigated by federal authorities.  Continue reading...