Prosper next boomtown? Star Trail paves way to 1,850 homesProsper next boomtown? Star Trail paves way to 1,850 homeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=23842014-11-22T18:21:00Z2014-11-22T00:00:00Z

PROSPER - Work will soon begin on the 979-acre Villages of Star Trail, an 1,850-home community along the future Dallas North Tollway route.

The project is expected to break ground in first quarter 2015, according to developer Blue Star Land Co., which is owned by Dallas Cowboys owner Jerry Jones.

The first phase of the community will include about 300 homesites, according to Joe Hickman, who leads Blue Star Land Co.

New houses in Prosper don’t come cheap. Most of the homesites in the town cost $100,000 or more, according to housing analyst Ted Wilson of Residential Strategies.

“The average new home value is in excess of $400,000,” said Robert Winningham, who heads the Prosper Economic Development Corp. “We have held to pretty high standards here."

The Villages of Star Trail is just part of the housing boom going on in Prosper. “We will hit close to 500 new homes this year,” said Winningham.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20141120-prosper-is-in-line-to-be-the-next-boomtown-north-of-dallas.eceRead more at {Source}

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