Prosper, a growing town in Texas, has recently approved the zoning for a new mixed-use development known as Prosper Arts District. The project is estimated to be worth $300 million and will be led by Capitalize Ventures with design work by Gensler.
Strategically located at the northwest corner of Dallas North Tollway and Prosper Trail, this 35-acre development will feature three unique hotel concepts, 515 multi-family units, and an expansive retail village centered around a planned water feature.
With all necessary approvals in place, construction on the four-phase project is set to begin later this year. The first phase will focus on planning and designing essential infrastructure such as waterways, roads,and walking paths. It will also include a sports-themed hotel,a parking garage,and various retail spaces with completion expected by late 2026.The subsequent phases will add more multi-family units,two additional hotels,and additional retail options.This ambitious venture is projected to create over 400 full-time jobs while generating more than $1 billion in economic impact for the region.
