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$1B mixed-use development Mercer 'Crossing' to Farmers Branch$1B mixed-use development Mercer 'Crossing' to Farmers Branchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112362015-11-20T06:00:00Z2015-11-20T21:00:00Z

​FARMERS BRANCH - One of North Texas' biggest land developers has purchased property north of LBJ Fwy. for a $1 billion mixed-use development. 

Centurion American Development Group acquired 370 acres out of Mercer Crossing community in Farmers Branch for $85 million.

The vacant tract – which surrounds a small lake – will be used for construction of a single-family home community, apartments, retail and commercial space.

Plans for the development include two hotels, 3,500 apartments, retail shopping, more than 800 single-family home sites for townhomes and residential villas, 180,000 sf of commercial space and a 48-acre office campus.

Centurion ​is planning to build a boardwalk-like restaurant row along the lakefront in the development.

Other amenities include a 5,000-seat outdoor amphitheater and residential amenity center with plans for a kid splash park and pool for residents.

Construction is slated to begin in March on the initial phases of Mercer Crossing development.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
http://bizbeatblog.dallasnews.com/2015/11/1-billion-mixed-use-development-coming-north-of-lbj-freeway-in-farmers-branch.html/

​​Also see the Dallas Business Journal​

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