Entrepreneur’s $60 million development debut

Dallas Business Journal – Plano

Entrepreneur Abid Abedi will begin construction on a $60 million townhouse project early next year.

Development of the 182 new single-family townhouses on 19 acres at the northwest corner of Plano Pkwy and Independence Pkwy has been a decade in the making.

Abedi acquired the tract from networking technology firm Alcatel-Lucent in 2005 after a deal with another homebuilder fell through.

The investor and his brokers from Novus Reality Advisors lobbied to change the zoning, and city council recently approved Abedi’s project, which will bring 182 two-story townhomes ranging from $300,000s to the $350,000s.

Locally based Megatel Homes Inc. will build the homes. The company will start construction in first quarter 2015.


About Living Large in DFW

For me real estate is not a job, but my passion. With a background in homebuilding and a Bachelor's Degree in construction, I offer unique qualifications to help my clients with their real estate needs. I am very knowledgeable about the local housing market and have a keen eye for determining home values. I put my clients first and have the proven ability to identify their needs and expectations and to actively help them reach their goals. I pride myself in guiding my clients through the process, keeping them informed every step of the way to a successful conclusion. As a longtime Dallas County resident, I have built an extensive client base mainly through personal referrals from very satisfied customers. Working for RE/MAX DFW Associates, one of the world's leading real estate franchises, allows me to surround myself with some of the best in the business. If you are ready to purchase a new home and would like a private consultation, or are interested in selling your existing home, please call me today at (972) 824-6466 or e-mail at: gwen@gwenwood.com. With dedication, professionalism, close attention to detail and great enthusiasm, I endeavor to makes real estate simple and enjoyable.
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