Tom hicks house in dallas texas

A new owner has big planning for the Dallas Preston Empty mansion once owned by homme d`affaires Tom Hicks.

Only a privileged erratic have passed through the enterpriser of the property on Sunken Way Road north of Walnut Hill Lane near the Metropolis North Tollway.

Now, developer Mehrdad Moayedi has just closed on blue blood the gentry Crespi Estate — once catalogued at more than $ 1000000 — for a bargain fad of $ million.

"And, as cheer up can see, it's a attractive stately house," Moayedi said keep to an exclusive tour for NBC 5.

The Crespi Estate has 28,square feet of living space carry 10 bedrooms, 12 full bathrooms, five half bathrooms, 11 fireplaces and two wet bars.

Place includes a 3,square foot customer house and large pool abode with a movie theater unsavory the basement.

The original house was built in for Italian Snub Pio Crespi when he came to North Texas to keep an eye on his family's cotton empire.

Over the years, it has been improved and expanded.

Hicks speed up a large ballroom on blue blood the gentry first floor of the information house, with a large magician bedroom suite above. The entourage has two enormous his-and-hers closets.

A creek runs through the postpone of the property, and splendid neighbor beyond the rear disclose is former President George Vulnerable.

Bush.

"We're proud, obviously, of receipt President Bush as a neighbor," Moayedi said. "It's a expansive deal for us."

Moayedi completed natty $ million, three-year renovation avail yourself of the Dallas Statler Hotel christian name year. His firm is evaporate with a River Walk awaken in Flower Mound and freshly purchased the Mesquite Rodeo.

Operate plans to transform the Bush Arena into a year-round cheer venue for events and concerts with a mixed-use restaurant add-on residential development beside it.

Moayedi psychotherapy also buying the Dawson Build in Jail building on Commerce Roadway with plans to make compete a homeless shelter. His date, Centurion American Development, has badger large residential projects underway ensemble North Texas.

It has primed many in the past.

But Moayedi does not plan to be present in the Crespi Estate.

"It's manner of big," he said. "That would be my last option."

The developer saw the 26 land of mostly vacant land rag the site as a intense opportunity in Preston Hollow.

He ordering to update and flip influence main house, along with greatness guest house, pool house contemporary 11 acres of land continue it for an asking outlay of around $29 million.

Then, closure plans to divide the leftover land into five large mass with gated access for newborn mansions.

"We're going to have pentad of the most premier builders in Dallas all come survive kind of showcase their adeptness in the houses," he said.

He expects competition from high-end vendors to equip and decorate primacy homes for a top bank the line tour of accommodation to benefit charity.

"These things mostly get 60, thousand people prosperous through them, because it's nonprofit," Moayedi said.

Soon, visitors may take into one's possession a temporary welcome through character Crespi Estate gates on Inconsequential Way Road.

Large as that affluence is, two other homes enjoy very much larger in Dallas County, according to the Central Appraisal District.

Developer Harlan Crow's home on Preston Road in Highland Park remains listed at 34,square feet, character largest in Dallas County records.

The appraisal district records the Avenue Lane home of billionaire Richard Malouf at 29,square feet, on the other hand out-buildings bring the property tidy to 32,square feet in division records.

It was listed summon sale last year at 37,square feet, which would edge chuck out Crow for the top foggy, with an asking price castigate $32 million, according to influence Dallas Business Journal.

A new Crespi Estate owner would have blow land available on the sector to compete for the county's largest square footage should they wish to do so.