$1B Mercer Crossing to Farmers Branch$1B Mercer Crossing to Farmers Branchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=161012017-03-22T05:00:00Z2017-03-22T17:35:00Z

​​FARMERS BRANCH – Developer Mehrdad Moayedi plans to begin construction on a $1 billion mixed-use development—Mercer Crossing—which will bring homes, an office building, and a retail center to a key tract of land in Farmers Branch.

The construction work—including water, sewers, drainage and interior streets—is slated to begin in late March, with an official groundbreaking ceremony at Luna Rd. and Whittington Ln.  

The work will make way for the two parts of the initial phase of the project:
  • 93 acres of urban commerce with a total of 300,000 sf of hotel, office and retail space. Part of this includes a four-story, 100,000-sf office building; 
  • 174 acres of single-family homes, with construction beginning on the first 651 home lots in a rolling production to fill out six residential neighborhoods. 
Additional apartments, a hotel and a 20-acre power center with a neighborhood grocery store is slated to go before the city's planning and zoning department later this spring. 

In all, the project is zoned for 2,250 apartments.

In all, the 651 home lots are expected to take 18 months to develop. The first home lots are slated for delivery by year-end 2017.​
Dallas Business Journal
Dallas-Fort Worth-Arlington

​Want ​more data? See DFW Retail, Housing, and Office Market Research. 

Read more at the {Source}

 Search NewsTalk Texas