Developer buys Collin Creek Mall, plans $1B redo

Centurion American Development Group has purchased Plano’s Collin Creek Mall and plans to turn the shopping center into a $1 billion mixed use project, according to the Dallas Morning News.

Mehrdad Moayedi, Centurion’s president told the Dallas Business Journal in August that his firm had most of the mall under contract and was in negotiations to acquire the rest.

His vision for Collin Creek includes tearing down parts of the mall and restructuring others to use the building’s shell. He told…