Developer Mehrdad Moayedi buys land for homes at Rowlett’s Bayside project

A North Texas developer known for some of the region’s biggest projects has bought sections of the Bayside development on Lake Ray Hubbard.


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Mehrdad Moayedi’s Centurion American Development Group purchased land in the Rowlett project on Interstate-30 for two residential projects.

In the works for more than five years, the 262-acre mixed-use development on the lake was originally planned to include everything from high-rise hotels to apartments and single-family homes.

The centerpiece of the $1 billion project was an 8-acore Crystal Lagoon waterpark to be built on the shore of Lake Ray Hubbard.

But after changes in ownership, Bayside has so far not met those ambitious plans. Parts of the project have been rechristened Sapphire Bay by the City of Rowlett.

Centurion American Development has purchased four acres in two tracts across the freeway from where the Crystal Lagoon is being built.

“This is on the north side

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Troubled developer offers four Oxford Commons properties in foreclosure sale | Business

Oxford Commons aerial

Four parcels at Oxford Commons are set for a mortgage foreclosure sale at the end of October.

Some real estate at Oxford Commons is set for a mortgage foreclosure sale at the end of the month, following the apparent dissolution of the Kentucky-based firm that owned the land. 

Property owned by WR Oxford, an arm of Lexington, Ky., company White Reach Development, will be auctioned off for cash on Oct. 30 at the Calhoun County Courthouse main entrance. 

The four parcels for sale are currently home to Five Below (a variety store), Ulta Beauty, Moe’s Southwest Grill and America’s First Federal Credit Union.

The sale does not include the land on which Publix supermarket, Panera Bread or Panda Express sit. 

“At the sale, the Property may be offered for sale and sold” as a whole, individual tracts, “or in any other manner the Mortgagee

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Fountains CC real estate developer vows to ‘make things better’ amid dust issue

The company preparing a Fountains Country Club golf course for a residential development has promised to better protect the health of residents from unacceptable levels of dust.  

a group of people in a garden: Ridgewood Real Estate Partners is developing six to seven acres that used to be a golf course behind Fountains Country Club west of Lake Worth Beach, Florida on September 9, 2020. [GREG LOVETT/The Palm Beach Post]

© Greg Lovett, The Palm Beach Post
Ridgewood Real Estate Partners is developing six to seven acres that used to be a golf course behind Fountains Country Club west of Lake Worth Beach, Florida on September 9, 2020. [GREG LOVETT/The Palm Beach Post]

“If we can make things better, we will,” said Jonathan Grebow, president of New Jersey-based Ridgewood Real Estate Partners, a company that specializes in golf-course conversions. 


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Ridgewood needs to remediate the soil at the shuttered golf course to bring arsenic levels to acceptable levels before apartments and townhouses can be built on what was once fairways.

At issue is the amount of dust being generated. Some residents say they are experiencing respiratory problems.

More: Palm Beach County developers

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Self-Promoting Real Estate Developer, “Terra,” Accused of Bilking Residential Purchaser’s …

WESTON, Fla., Oct. 07, 2020 (GLOBE NEWSWIRE) — Miami-based real estate development group, “Terra,” has recently touted itself as a maverick risk-taker for “forging ahead” with projects in the midst of Covid-19.  In a pending Dade Circuit Court lawsuit, however, at least one unit purchaser alleges that Terra’s self-styled “boldness” is subsidized, at least in part, by other people’s money.

That unit purchaser is John H. “Jack” Owoc,” founder, sole owner, CEO & CSO of Vital Pharmaceuticals, Inc. a/k/a “Bang Energy,” maker of globally-renowned Bang® energy drink products.  South Florida Business Journal lists Bang Energy as this year’s #1 fastest growing South Florida company with revenue over $25 Million.

In his 2018 lawsuit against Terra— John H. Owoc vs. Terra Weston Residential, LLC, Case No. 18-40336 CA (27)—Owoc alleges that Terra Weston wrongfully kept his advance deposit, exceeding $750,000, after Terra Weston inexplicably, unjustifiably and indefinitely failed to construct

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Developer planned 125 apartments near BSU campus. Now the unbuilt project is for sale

Boise developer Greg Ferney envisioned an apartment complex at the site of a former health club near the Boise State University campus.


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His Storage Development company drew up plans for a four-story, triangular-shaped building with 125 apartments at 1250 S. Division Ave. Ferney modified his design to appease neighbors and won approval from the City of Boise.

Now he’s looking to sell the property and the development rights. But Ferney isn’t saying why.

Colliers International has issued a call for offers for the project at the site of the Park Center Health and Racquet club.

The offering lists a sale price of $4.5 million for the 2.9 acres of land and development rights. That equates to $36,000 per apartment, according to the listing. Offers are due by 5 p.m. on Sunday, Oct. 4.

The property is owned by Bay Shore Oil Company of Huntington Beach, California. An affiliated

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Developer wants to build 300 homes in far west Dallas; neighbors have concerns over plans

Tricor Homes is asking the City to rezone a 45-acre lot in order to build The Village of Eagle Ford. Some neighbors say they have concerns about the housing plan.

A proposed housing development planned for an area in far West Dallas has some neighbors concerned and asking questions.

Representatives from Tricor Homes held a meeting with residents from three neighborhood associations on Thursday. That meeting was held on the basketball court outside Jaycee Zaragoza Recreation Center, with chairs spaced apart for social distancing.

Joel Thomas, director of development for Tricor Homes, led the meeting. He says the project is called The Village at Eagle Ford.

Thomas explained the developers are working to rezone a 45-acre site at the northwest corner of Gallagher Street and Iroquois Street from light industrial to clustered homes. The group told neighbors they want to build about 300 one-story homes that will blend with the

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