Just The Facts | Frisco & Prosper

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Hwy 380 and Dallas North Tollway – Frisco

A new Cinemark theater complex will launch a 320-acre mixed-use development in north Frisco. The development, which includes retail, apartments and commercial space, is the first such project to kick off at the strategic intersection of the Dallas North Tollway and U.S. Highway 380. Cinemark recently confirmed that it has purchased 12 acres to build a 14-screen cinema at the southwest corner of the Dallas North Tollway and U.S. 380. “This theater will be part of a premier shopping development being developed by Forest City and will quickly become recognized as a preferred location to enjoy a great movie-going experience,” Cinemark CEO Tim Warner said in a statement. More important, the Cinemark will enable Forest City to start the development, which has been in the works for more than a year. “This is going to be the first anchor retail tenant like that on U.S. 380 in Frisco,” said James Gandy, president of the Frisco Economic Development Corp. “This is the first domino. There are a lot of retailers and restaurants out there that like to be adjacent to movie theaters.” Frisco in 2012 gave final approvals for Forest City to build its Frisco North project on U.S. 380. The project is being developed in a public-private partnership. The Frisco North development is one of the largest mixed-use projects planned along the tollway north of Dallas.

– Dallas Morning News, July 2013

14 More Schools For Frisco

Frisco ISD continues to grow at a very high rate, and opened this school year with 46,500 students. Conservative projections show 66,000 students by 2020. A May 2014 bond campaign election is preliminarily scheduled that will include 14 new schools – 8 elementary, 3 middle, and 3 high schools – with a total bond package of $758 million. This is in addition to the 3 elementary schools scheduled to open this August, and a middle and 8th high school scheduled to open August 2015. All together, the district is planning 19 additional new schools over the next 7 years.

– TexasISD Information, January 19, 2014

Hwy 380 and Dallas North Tollway – Prosper

Just more than a month after Frisco announced its plans for a development along the U.S.380 Corridor, the town of Prosper is joining the mix. Prosper recently approved a 157-acre mixed-use development for the northwest corner of Hwy 380 and Dallas North Tollway. Hulen Webb, Prosper’s development services director, says the project will be “very similar to the 121 Tollway at Dallas North Tollway in design and mix of retail and offices. The Prosper project will eventually develop into more than 3 million square feet of retail, office, entertainment, residential space, etc.

– Dallas Morning News, 2013

house for sale in prosper txGates of Prosper – Preston at Hwy 380

Dallas Cowboys owner Jerry Jones will work with developer Lincoln Property Co. to begin work this year on a major retail development that could set-off the sales tax boon Prosper has been waiting for. The new shopping center is being planned for the northeast corner of Preston Road and U.S. 380 at the southern edge of Prosper. The retail center is part of the Gates of Prosper complex that Jones’ Blue Star Land will develop with Lincoln. Prosper officials say the complex could be valued at $1 billion. “Our first phase will be about 300,000 square feet of retail that will open in the fourth quarter of 2015,” said Lincoln Property executive vice president Robert Dozier, according to a story in the Dallas Morning News. “We are working now on the first major leases.” The Gates of Prosper is a 500-acre project on both sides of Preston Road at U.S. 380. Developers are planning office space, apartments and more retail space. Blue Star Land first started buying properties along U.S. 380 in the mid 1990s, according to the Morning News. Lincoln development is also working on an additional shopping center in Collin County with a 80-acre project at Preston Road and Texas 121 at the border of Frisco and Plano. The Village 121 project will feature retail, restaurant and entertainment space in about half a million square feet.

– Dallas Morning News, August 2013

House For Sale Prosper TX
Blair Taylor
3810 Clearlight Rd.
Celina, Texas 75009
(972) 457-3008

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