$300M Prosper mixed-use project gets green light

PROSPER – Capitalize Ventures has received zoning approval from the Town of Prosper and will be developing the $300 million mixed-use Prosper Arts District. 

The 35-acre site is at the northwest corner of Dallas North Tollway and Prosper Trail. 

Preliminary plans call for 515 multifamily units, three hotels, and a retail village centered around a water feature, to be developed in four phases. 

Phase I, which will include the development of the core infrastructure, a sports-themed hotel, retail space, and a parking garage, is set to begin later this year and be completed in 2026.