The Prosper City Council recently approved a rezoning for Pradera, an expansive mixed-use development set to take 20 years to build out. Located along the Dallas North Tollway and spread across 34.7 acres, this project will include 730 multifamily units as well as office space, retail space and a hotel. The timeline for construction is broken down into several stages beginning with infrastructure work in 2024-26 followed by townhome construction (2026-29), retail buildings No. 1 & 2 (2027-30), apartments & town square (2030–32) and more through 2043 when office building No. 2 is expected to be completed. Connect CRE’s post on this topic provides further details about the project’s progress over time so that readers can stay informed of its developments moving forward!

Multifamily Borrowers Face 41% Higher Refi Interest Costs and Negative Leverage by 2026
Multifamily owners with loans approaching maturity are confronting significantly higher refinancing costs, with new analysis quantifying the shift. Newmark reports

