Pending a variance approval, a 14-unit condominium tower from Centurion American planned for 3503 Fairmount St. could put some new luxury real estate on the Turtle Creek market.
Developer Tommy Mann with Centurion American Development Group presented plans for The Julien at the Nov. 7 meeting of the Oak Lawn Committee.
Cricket Griffin, secretary/treasurer of the Oak Lawn Committee, said it is committee policy to not comment on the projects it reviews other than to communicate its position on a developer’s request for a variance.
The committee supported the developer’s variance for The Julien project in a letter provided to daltxrealestate.com.
While the Dallas City Council often debates how to provide more affordable housing, city officials also recently recognized the need for a diversified housing stock, noting that for-sale condominiums are few and far between.
Most of the units planned by Centurion American at the corner of Turtle Creek Boulevard and Fairmount Street would take up a full floor of the 14-story high-rise. Each unit encompasses a massive 8,100 square feet, according to plans.
Luxury Living at The Julien
Forty-four parking spaces are allotted for the new development, which will feature 8,125 square feet of public amenity space, including a rooftop swimming pool.
The Turtle Creek area is known for its luxury high-rise offerings, and Centurion American is known for delivering quality.
Founded by Mehrdad Moayedi in 1990, Centurion American Development Group delivers “award-winning communities with impeccable amenities such as parks, golf courses, water park themes, and hiking trails,” according to its website.
Centurion American bought the Fairmount site in 2021. Moayedi told the Dallas Morning News at the time that developers were planning multifamily units at about $1,300 to $1,500 per square foot.
