Move over all you Canadian developers, here come the Italians. One branch of an aggressive development-oriented family from Milan has plans for a $60 million condominium project in North Dallas and another $20 million development on Turtle Creek – both every bit as ambitious as Canadian projects currently under construction.
The new man on the block is Roberto Borlenghi, 38, who bought the Meadows Estate in University Park for $2 million and created a furor when he tried to subdivide it.
That plan was abandoned several months ago, but Borlenghi and his company, Resdeco Corporation, have been busy buying buildings and land parcels ever since.
Borlenghi’s most ambitious plans are for a high-rise condominium project to be built between Montfort and Noel roads along the North Dallas Parkway, about a block from the Galleria project. The estimated 500 units in the building will be priced between $ 100,000 and $200,000. Borlenghi hopes Cesar Pelli, dean of the Yale University School of Architecture, will design the 10-story high-rise.
The Borlenghi family has already created waves in Houston, where younger brother Giorgio, 29, is developing the $100 million Four-Leaf Towers in the Post Oak area. The controversial Pelli design, featuring a facade of rose and burgundy colored glass, was criticized by Hous-tonians for being “pink.”
With baby brother Giorgio firmly entrenched in Houston, Roberto has decided to move his operations from Los Angeles to Dallas. Patriarch Sergio Borlenghi will remain in Milan, where he is busy building a model city of 28 high-rise apartment buildings.
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