Prosper development site sells near U.S. 380 intersection with tollway

Another top development site has modified arms near the Dallas North Tollway and U.S. Highway 380 intersection.

The Collin County crossroads between Frisco and Prosper has noticed a flurry of new land offers with the development of primary assets initiatives within the house.

The newest land industry is a 50-acre tract simply north of U.S. 380 at the east facet of the tollway extension. The development site used to be offered to a partnership led by way of Vijay Borra, CEO of DFW Land.

DFW Land has been a large purchaser of actual property within the tollway hall. In August, the company bought a 110-acre development site on Mahard Parkway, adjoining to Children’s Health’s new scientific campus. Last yr, the investor purchased greater than 1,000 acres additional north up the tollway in Gunter.

DFW Land made its newest Prosper acquire from longtime Collin County land investor and Dallas legal professional Don Godwin.

“I’ve worked with Mr. Godwin for over thirty years helping him assemble thousands of acres in both Collin and Grayson counties,” stated main assets dealer Rex Glendenning who organized the hot sale.

Glendenning stated DFW Land is operating with Dallas Cowboys proprietor Jerry Jones’ Blue Star Land to build a brand new east-west roadway to the site that can be known as Godwin Parkway. Godwin donated land for the brand new freeway.

“I feel this east-west connectivity to the tollway will be a game changer for this area and help drive new blue-chip retail-mixed use development in the area,” Glendenning stated.

The site DFW Land received from Godwin Investments is solely west of Blue Star Land’s large Gates of Prosper development which contains buying groceries facilities and residences.

Property funding and development task is rising in Prosper, which is solely north of the brand new PGA of America headquarters and lodge and the two,500-acre Fields development.