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$1B Gates of Prosper swing open for construction in Prosper$1B Gates of Prosper swing open for construction in Prosperhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=111402015-11-13T06:00:00Z2015-11-13T21:00:00Z

​​​PROSPER - Construction is underway on the initial phase of a $1 billion Gates of Prosper retail-anchored development at the northeast corner of Preston Rd. and US 380.

Jerry Jones-owned Blue Star Land Co. and Dallas-based development firm Lincoln Property Co. have begun construction on the infrastructure of the initial phase of The Gates of Prosper, including the roadways, water and sewer. 

The utilities will kick off the 93-acre initial phase which will total about 300,000 sf of retail space.

The roadways and utilities are expected to be complete in mid-2016, which is when Joe Hickman, CEO of Blue Star Land said he expects to host a groundbreaking to take the development vertical.

As part of the initial phase of The Gates of Prosper, developers will build a new Super Walmart with upgraded exterior finishes.

Plans for The Gates at Prosper include bringing in new retail space, upscale residential and apartments.

Dallas Business Journal
Dallas-Fort Worth-Arlington
Retail
http://www.bizjournals.com/dallas/blog/morning_call/2015/11/construction-gets-underway-on-1-billion-gates-of.html

​See more DFW area retail reports from Market Research​.

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