Jerry Jones, owner of the Dallas Cowboys, is expanding the incredibly huge Gates of Prosper with 1,000 residential units after purchasing more land this February according to a The Real Deal article from March 28. They say,
“The project marks the third phase of retail construction for the Preston Road development. The 140,000-square-foot superstore will make the Gates of Prosper the largest shopping center along U.S. 380 between McKinney and Denton, with more than 1 million square feet of shops and restaurant space.
The residential plans estimate about 1,000 units, including apartments, single-family homes and townhouses.
“We’ve got 325 apartments under construction that will open in spring of next year,” Blue Star Land general manager Joe Hickman said.
In February, the company quietly purchased more than 120 acres on Interstate 35E in Waxahachie for a mixed-use project. The firm has also purchased more than 100 acres of industrial land in Prosper west of the old downtown.”
Despite the COVID-19 pandemic, the project resumed construction and development and even allowed additional retailers and shops to open according to a Dallas Morning News article from March 25 which reports,
“Started in 2016 at the north corners of Preston and U.S. 380, the Gates of Prosper shopping center already has retailers including Walmart, Dick’s Sporting Goods, Burlington, DSW, Mattress Firm, PetSmart, Ross and TJ Maxx.
Blue Star Land opened the second major phase of the project in 2021.
“We finished 250,000 square feet during COVID, and most of it is leased up,” Hickman said.
Tenants in the shopping phase that opened last year include Kohl’s, Hobby Lobby, Michael’s and HomeGoods.”
The entire project is still a long way from the finish line since its next phase for the development of the new Target store is ongoing and is set to finish next year.
