Development
BY ALEX REECE
Developers ‘still going forward’ with Prosper Arts District
The Prosper Arts District is still happening—just a little behind its original schedule, developers say. The Prosper Arts District is a mixed-use devel- opment set to bring boutique retail spaces, art installations, o ce towers, multifamily spaces and some of the rst hotels to Prosper. Construction was originally supposed to begin before the end of 2024. As of February 2025, a groundbreaking is still months away with revised project plans expected to be approved by the town this summer. “A lot of projects are announced, and then reality strikes,” said Barry Hand, a principal with Gensler—the architecture and design rm behind the Prosper Arts District. “However, the project is
Arts district oodplain
KEY: Doe branch tributary
ARMSTRONG LN.
100 year oodplain
Prosper Arts District
PROSPER TRL.
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SOURCE: FEDERAL EMERGENCY MANAGEMENT AGENCY COMMUNITY IMPACT
installations, the development’s overall infrastruc- ture, a parking garage and retail—was scheduled to nish in 2026. Other features planned for the development include: • Three hotel concepts • 515 multifamily units • Extensive retail village • Around 24 art installations “What slowed us down is trying to get the oodplain back within a footprint that doesn’t materially change the design,” Hand said. “We’re pretty excited about where we are right now, it’s going to be a little bit of a di erent story how we manage the oodplain, but it’ll be equally or more interesting than what was presented.” Capitalize Ventures developer Krishna Nim- magadda, the Prosper Arts District developer, has continued to work with designers and the town to move the project forward through regular updates
still going forward.” What’s happening
“There’s a lot of work that has to be done when you’re developing right up to the water.” BARRY HAND, PRINCIPAL WITH GENSLER
The biggest setback for the project is the land itself, Hand said. The 35 acres earmarked for the project are located at the northwest corner of Prosper Trail and Dallas Parkway and are in a oodplain. The Texas Water Development Board, which works to address the state’s water needs, de nes a oodplain as a geographic area subject to ood- ing or land adjacent to a waterway necessary to contain a ood. “There’s a lot of work that has to be done when you’re developing right up to the water,” Hand said. Water features were included in the original designs when the development was rst approved by Prosper Town Council members in June 2024. The rst of four phases of the Prosper Arts Dis- trict—featuring the rst of three hotels, waterway
and meetings, Hand said. The plans will still include bridges and pedestrian pathways going over the water features but will focus on celebrating the existing habitat, Hand said. Going forward The revised site plans for the Prosper Arts District will go back to Town Council members for their approval sometime this summer, Hand said. “Let’s get through the preliminary site plan rst, and we’ll see where it goes from there,” Hand said. “We’ve got a lot of designers and engineers that are focused on that for now, and hopefully we’ll see something moving this year.”
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