The town of Prosper, Texas, is set to witness a transformative addition to its landscape with the approval of a new mixed-use development named Pradera. This development promises to bring multifamily spaces, businesses, townhomes, and more to the heart of Prosper, further enhancing its appeal as a sought-after destination for residents and businesses alike.
A Glimpse into Pradera
Prosper Town Council members gave the green light for the Pradera development during their meeting on August 22. This expansive project will sprawl across 34.7 acres along the Dallas North Tollway. The development is poised to feature:
730 multifamily units, maximizing the number of units as per Prosper’s comprehensive plan.
Office spaces, retail areas, and a hotel, offering a comprehensive mix of amenities and services for residents and visitors.
Key Changes and Features
Since its discussion in the council’s August 8 meeting, Pradera underwent several modifications. Some of the notable changes include:
Reduction in the maximum height for office buildings from 12 stories to eight.
Removal of lettering from the central five-story buildings.
Setting a three-story height limit for townhomes.
These changes reflect the council's commitment to ensuring that the development aligns with the town's vision and aesthetic.
The Road Ahead
The development timeline for Pradera is comprehensive, spanning roughly two decades:
2024-26: Infrastructure construction.
2026-29: Townhome construction.
2027-30: Construction of retail buildings.
2030-32: Apartments and town square development.
2032-35: Hotel construction.
2035-38: Construction of condo buildings.
2038-42: Office building and retail pad site development.
The entire development is projected to reach completion by January 2043, marking a significant milestone in Prosper's growth trajectory.
Conclusion
Pradera's approval is a testament to Prosper's forward-thinking approach to urban development. As the town continues to grow and evolve, developments like Pradera will play a pivotal role in shaping its future, offering residents a blend of residential, commercial, and recreational spaces. For those considering a move to Prosper or setting up a business, Pradera stands as a beacon of the town's commitment to progress and innovation.
Please call us at 469-269-6541 for more details about this community and available homes!
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As a Top Real Estate Professional in Prosper, I understand the challenges that arise when buying a new construction home in Prosper. There are over 100 builders in the DFW area and a number of top builders build new homes in Prosper. I work with most of the new home builders in Prosper and understand how various builders operate. I am familiar with the options they offer to new home buyers in Prosper, current incentives and I frequently visit the upcoming communities being built in Prosper I guide my Prosper new home buyer clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
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Whether you are a first time buyer in Prosper looking to buy a home in Prosper or whether you are relocating to Prosper from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Prosper. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Prosper? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Prosper that you can use to help make your home buying decision.
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