His name is associated with some of the biggest buys in Dallas.
Development mogul Mehrdad Moayedi—the CEO of Centurion American Development Group, who recently wrapped up a $250 million renovation of the historic Statler Hotel & Residences downtown—just scored the keys to the 28,000-square-foot Crespi Estate, one of the city’s largest, most prominent homes, for a cool $36 million. Originally designed by prominent Swiss architect Maurice Fatio in 1939 for Italians Pio and Florence Crespi, the French château sits on 25 acres in the wealthiest slice of Preston Hollow. (Former President George W. Bush is a neighbor.) “The quality, history and pure ambiance is something special, and I fell in love with it,” Moayedi says. His plans include restoring the estate and surrounding 12 garden-filled, forested acres to their original splendor while divvying up the rest into seven parcels for new, single-family homes. The forthcoming Crespi Estates are up for grabs, though rumor has it a celeb is already vying for one of the lots—so act fast.
THE TECH EFFECT
Seeing lots of Compass Real Estate signs? Here's why.
Manhattan-based Compass Real Estate, which bills as a technology company that sells real estate, launched its first office in DFW shortly after the new year. Compass acquired The Collective, a seedling luxury real estate boutique founded by former Briggs Freeman Sotheby’s star producers Christy Berry and Jonathan Rosen, and has attracted top producers from almost every luxury brokerage in town. With Compass’ creators’ Wall Street and techy backgrounds––Robert Reffkin spent time at Goldman Sachs and McKinsey & Company, while Ori Allon sold his first company, Orion, to Google and his second, Julpan, to Twitter in 2011––the agent-centric brokerage boasts a full-time tech department. In the past five years, Compass has grown to a $2.2 billion company with more than 40 offices in cities nationwide. The company goal? Twenty percent of the U.S. real estate market by 2020.
THE GREAT OUTDOORS
Drive-up appeal has never been more important.
“As a team, we draw inspiration from each other, and working collaboratively allows us to explore different approaches to an environment,” says Glenn Bonick, owner of Bonick Landscaping. That teamwork has yielded some of the most noteworthy, luxe outdoor spaces in Dallas. With more than three decades in the biz, the company offers everything from garden management and installation to pool design and construction. Some of the trends Bonick is seeing this year? The use of sustainable materials such as porcelain tiles and bamboo decking, as well as the introduction of pest-resistant and drought-tolerant plant varieties. Expect projects to take from three to nine months depending on the scope of the work. “Our team is always perusing new ways of executing a design,” Bonick says. We think it’s worth the wait.
NORTH DALLAS DIRT
Why Midway Hollow is the Hottest ’Hood in Town.
The Court at Chapel Downs is a collection of 12 modern-inspired single-family homes, dubbed “performance homes” by their creators, Marek Architecture. The focus will be on open floor plans, light-filled spaces and intelligent features. Think 2,800 to 3,014 square feet, Bosch appliances, a ground-floor master and an intimate, landscaped backyard. The homes will cater to one of the most neglected buyer demographics: downsizing baby boomers. Developers recycled a huge lot on the Northaven Trail that once housed the Chapel Downs Swim Club, in a completely residential Northwest Dallas neighborhood. This area is getting a lot of push from the spillover of Midway Hollow, which is now sprouting $1.2 million plus spec homes and more than $300,000 for dirt. Homes start at $689,000.
Faisal Halum doesn’t just sell homes. He sells a luxury lifestyle.
When you want access to some of the city’s most expensive residential listings—the $13.5 million Museum Tower penthouse or the $23 million Philip Johnson-designed Beck House on Strait Lane, for instance—you call Faisal Halum. Halum is one of the top agents at Briggs Freeman Sotheby’s International Realty and, according to his clients, it’s because he negotiates as though every dollar were his own. He’s also a realist. “I really analyze all of the factors in the market and price homes fairly to sell quickly, and make well-researched offers the seller should feel good about accepting,” he says. What’s more, Halum has been instrumental in selling some of the hottest developments, such as One Arts Plaza in the Dallas Arts District. But it’s what he does in his downtime that makes him exceptionally likeable: Halum supports numerous organizations, including the Dallas Architecture Forum, Booker T., the North Texas Food Bank and UNICEF. “I’m really passionate about causes I care about,” he says.
Occupying a full city block, this upcoming 30-story high-rise promises luxury living in downtown Fort Worth.
Expected move-in date isn’t until the middle of 2021, but Fort Worth is already abuzz over news that a new luxury residential tower is headed for downtown. Developed by Houston-based Zamco Properties, the 135-unit high-rise is designed by GDA Architects, a Dallas firm that’s working on upcoming hot properties across the state, including Fifth & West in Austin, The Drake at White Rock Lake in Dallas and Windrose Tower at Legacy West in Plano. In addition to a full menu of amenities—including valet parking, owners’ lounges, a yoga deck, spacious covered balconies, spa-style master baths and gourmet kitchens with premium appliances—The Worth offers sweeping views of downtown, the Museum District, the Trinity River and Panther Island. Luxury lovers will want to check out the two penthouse-style residences on the sixth-floor amenity deck, complete with landscaped gardens and water features, in addition to the three two-story town homes boasting private garages. Units from $500,000