Mesquite Rodeo to get spiffy neigh­bors

‘Big im­pact’ ex­pected from $116 mil­lion Iron Horse Vil­lage

The Dallas Morning News - - Front Page - By STEVE BROWN Real Es­tate Ed­i­tor steve­[email protected]­las­

De­vel­op­ers are mov­ing ahead with a ma­jor mixed­use project, in­clud­ing homes, re­tail and of­fice space, next door to the his­toric Mesquite Rodeo.

De­vel­op­ers are mov­ing ahead with a ma­jor mixe­duse project next door to the his­toric Mesquite Rodeo.

The $116.5 mil­lion, 56acre project just west of LBJ Free­way at Mil­i­tary Park­way will have new homes, re­tail, restau­rant and of­fice space.

The over­all project in­cludes $4 mil­lion in up­grades to the rodeo com­plex.

Early this year, Cen­tu­rion Amer­i­can De­vel­op­ment Group bought the 17-acre rodeo fa­cil­ity and more than 50 acres of ad­join­ing land.

In Novem­ber, Mesquite’s City Coun­cil ap­proved the new de­vel­op­ment, which will be called Iron Horse Vil­lage.

The project will in­clude more than 330 homes, town­houses and sin­gle-fam­ily bun­ga­lows priced from $235,400 to $310,000.

About 130,000 square feet of re­tail and com­mer­cial space is planned.

Cen­tu­rion Amer­i­can CEO Mehrdad Moayedi said con­struc­tion will start in March.

“We are al­ready do­ing im­prove­ments to the rodeo build­ing — a new sound sys­tem and new con­crete floors,” Moayedi said. “We have al­ready had two or three big con­certs.”

The de­vel­oper said he’s talk­ing with two or three home­builders about the project.

“And we have four restau­rants go­ing in the re­tail” space, he said.

The city is work­ing with the de­vel­oper to im­prove streets in the area and make the im­prove­ments to the rodeo arena.

“The res­i­den­tial side of the Iron Horse de­vel­op­ment will bring a va­ri­ety of hous­ing that is not cur­rently avail­able in that part of town,” said Mesquite City Man­ager Cliff Ke­he­ley. “The town­homes are some­thing many res­i­dents have men­tioned as be­ing needed in Mesquite.

“The most sig­nif­i­cant im­pact for this de­vel­op­ment is that it will sup­port a re­tail and en­ter­tain­ment com­plex that we have wanted in this area for a num­ber of years,” he said. “The en­tire de­vel­op­ment will have a big im­pact on this part of town.”

Mesquite’s rodeo dates to the late 1940s but came into its own in the 1950s when it was cham­pi­oned by leg­endary bull rider Neal Gay. In 1958, Gay opened the Mesquite Cham­pi­onship Rodeo, which be­came one of the most pop­u­lar events in the in­dus­try.

“We are go­ing to try and get it back to where it was,” Moayedi said. “It has a his­toric im­por­tance that we see and Mesquite sees.”

Cen­tu­rion Amer­i­can is one of North Texas’ big­gest real es­tate de­vel­op­ers, do­ing ev­ery­thing from sub­ur­ban res­i­den­tial com­mu­ni­ties to re­de­vel­op­ments in­clud­ing down­town Dal­las’ his­toric Statler Ho­tel.

Tom Fox/staff Pho­tog­ra­pher

De­vel­oper Mehrdad Moayedi, who re­did down­town Dal­las’ Statler Ho­tel, will build more than 300 homes and add re­tail and com­mer­cial around the Mesquite Cham­pi­onship Rodeo, which he hopes to re­store to promi­nence.

Cen­tu­rion Amer­i­can De­vel­op­ment

The $116.5 mil­lion Iron Horse Vil­lage de­vel­op­ment in Mesquite will in­clude more than 300 homes and com­mer­cial space next to the Mesquite Cham­pi­onship Rodeo.

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