During the Iranian Revolution, Mehrdad Moayedi lost everything, including his home and his stepfather. He was sent to live with his guardians and eventually moved to Texas. In 1976, he moved to Bedford, where he began his career as a landscaping contractor. He met Fort Worth homebuilder Herman J. Smith, who introduced him to the man who would become his mentor and eventual partner. Smith was a leading figure in the homebuilding industry, and the National Association of Home Builders President.
One of Moayedi’s most prominent feats was redeveloping the historic Statler Hotel in downtown Dallas. The hotel will feature 161 hotel rooms and a 14,500-square-foot ballroom, as well as retail and office spaces. The complex will also include four restaurants, and a lounge.
Another major feat was acquiring the Crespi Estate in Dallas, which is a massive property and is being turned into a luxurious luxury community. It is located in one of the most sought after neighborhoods in Dallas, and has been owned by four of the wealthiest individuals in town. Moayedi paid $32.6 million for the property, which included the house and 14 acres. He plans to divide the property into five lots of two acres each. He is also planning on building several mansions on the property. Currently, he has purchased a number of homes on the property.
One of the most notable feats was getting $46.5 million in tax incentive funds from the city of Dallas. Moayedi also purchased the Cabana Hotel, which is located at the corner of Lakewood and Southlake. He also has plans for a massive 30,000-home community in Celina, an outlying suburb of Dallas-Fort Worth. He is also a major donor to several charities in the area.
The Centurion American Development Group has been in the construction business for more than 30 years, and Moayedi is a well-rounded individual with a wide range of expertise. His company builds upscale high-rises and master-planned communities. In addition to Centurion, Moayedi also owns Oakdale Homes, which builds 160 homes a year in North Texas. His company has been recognized as one of the “best real estate deals” in Dallas. Moayedi was also the recipient of the John Harbin Visionary Award.
The real story is that Moayedi is one of the smartest individuals in North Texas, and is making a serious impact in the area. He has been involved with many organizations in the community, and has taken the time to understand the area’s real estate trends. His company is also under the scrutiny of federal investigators. He has also been involved in several class action lawsuits, and has been cited for failure to pay school taxes. He was also named Developer of the Year by the Fort Worth Builders Association in 2013.
During his time in Dallas, Moayedi has also made a name for himself in the rural areas of North Texas. He has used special purpose districts to fund projects in rural areas. He has purchased properties out of bankruptcy, and has also developed several properties.