The Statler Hilton, The Stoneleigh, and more than 40 residential developments in North Texas, Austin, Houston and San Antonio, are not the only properties owned by developer Mehrdad Moaydi and his vast land-snatching Centurion Development Company.
Yesterday, Mehrdad closed on Phil Romano’s gorgeous 10660 Strait Lane that has been on the market since about 2004, most of that time with Allie Beth Allman agent extraordinaire Doris Jacobs. The spread was originally listed for $17.5 million, but had been reduced to $10 million. It’s definitely a milestone for the man who started his development company in the 1980′s and learned the construction business moving dirt, pouring and laying concrete. (more…)