$1 Billion Mercer Crossing Mixed-Use Development Soon Coming to Farmer's Branch

Posted by Kenneth G. Cox on Saturday, November 28th, 2015 at 2:56pm

Mercer Crossing Farmer's Branch

With the recent acquisition of a 360-acre tract of land, the $1 billion Mercer Crossing mixed-use development in Farmer’s Branch is now just one step closer to becoming a reality that would eventually bring more than 800 single-family homes and townhomes, 180,000 square feet of commercial space, 3,500 apartment residences, and a 48-acre office campus to the area.

The project, which is being developed by Mehrdad Moayedi, isn’t actually official yet, as it’s still going through zoning with the city before construction can begin. Moayedi is certainly no stranger to large-scale developments here in the DFW region with the redevelopment of The Stratler and the finish-out of the Stoneleigh Residences condominium tower both in his portfolio.

According to reports, $85 million was paid for the land in which Mercer Crossing will be developed and along with everything mentioned above, additional community amenities will include a boardwalk-like row of restaurants along the community’s lakefront, a 5,000 seat outdoor amphitheater, and a huge resident amenity center that will feature a kids splash park and pool for local home owners and residents.

If approved, and by all accounts it will be, construction for the beginning phases of Mercer Crossing is expected to start sometime in the spring.

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