Real estate
BY ALEX REECE
Home Edition
2024
Readers, welcome to your annual CI Home Edition! This guide features news ranging from key real estate trends and new developments unique to your neighborhood to an overview of the housing industry across Texas. All of the stories were written by our team of local journalists, and all of the advertisements are from nearby businesses who support our mission to provide free, useful news. Each month, we mail this paper to 100% of residents in both Prosper and Celina. Our rst issue last September went out to just over 27,000 mailboxes. Fast forward less than a year, and that number today has already grown to more than 32,000 homes and apartments. As the community expands, we look forward to continuing to provide free, useful news and thank you for your readership and support!
Premium sponsor:
Vicki Chen General Manager vchen@ communityimpact.com
The Cheney Group www.cheneygroup.com (214) 550 8200
A premier real estate team in North Texas since 2003, The Cheney Group o ers the results and exceptional service our clients deserve.
What's inside
Multifamily projects coming to Prosper, Celina (Page 18)
Daystar Landscapes o ers design, installations (Page 20)
See what rst-time homebuyers should know (Page 21)
Sponsors: Del Webb | North Sky Celina
Prosper, Celina developments follow multi-step applications
Rezoning in Prosper
Large-scale developments continue to make their way to Celina and Prosper. Before a rezoning request or development plan makes it to council, they must go through a multiple-week process before construction can break ground. The overview By the time a development makes it to planning and zoning commission members for their recom- mendation, city sta have already been discussing the project for weeks, Celina Planning Director Madhuri Mohan said. “There’s a lot that goes on behind the scenes before it goes to [planning and zoning],” Mohan said. Development applicants must get in touch with city sta before submitting anything through the city, according to Celina’s planning checklists. Those “predevelopment” meetings can be fairly straightforward depending on the property’s zoning, Mohan said. Celina is split into multiple zoned districts, which allow certain uses. If an applicant is looking to build a development with uses not included in its current zoning, the city will have to approve both the project and rezoning the land. Projects in Prosper follow a similar process—it
typically takes a planned development 75-90 busi- ness days to make it to Town Council members once plans are rst submitted, according to the town’s planning website. That includes a recom- mendation and any notes from Prosper’s Planning and Zoning Commission members, according to the town’s website. Zooming out There is no di erence for developments with multifamily components, although larger projects can involve more coordination between the applicant and city sta , Mohan said. Project applicants are also required to inform their potential neighbors of the incoming changes, Mohan said. This usually means informing local homeowners associations, publishing a notice in a weekly newspaper or informing any residents or business owners within 200 feet. Some of Celina’s projects received approval years in advance through existing entitlements and older development plans, Mohan said. “Even from a city’s perspective, we don’t know how long the developers or applicants or owners have been working on that one speci c property,” Mohan said.
Initial submission to town
Project review by sta
Review complete
Notices to surrounding properties
First public hearing: Planning and zoning commission
Second public hearing Town council
Ordinance adoption
SOURCE: TOWN OF PROSPER COMMUNITY IMPACT
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