BY SAMANTHA DOUTY
Prosper Arts District to start development later this year
A new arts district is coming to Prosper. Prosper Town Council approved a partnership with developers to bring the Prosper Arts District to downtown with a 5-1 vote during a June 11 council meeting. Member Chris Kern voted in opposition. The details Prosper Arts District will be a 35-acre mixed-use development at the northwest corner of the Dallas North Tollway and Prosper Trail. The district will feature three hotel concepts, 515 multifamily units and an extensive retail village centered around a water feature, according to a June 18 Gensler and Capitalize Ventures news release. Architecture and development companies Gensler and Capitalize Ventures, which is based in Frisco, will both contribute to the project. The project will start its four-phase develop- ment later this year, according to the release. Phase 1 will focus on planning and designing
the overall infrastructure, including waterway features, roads and walking paths, as well as introducing a sports-focused hotel, a parking garage and retail. This phase is set for completion in late 2026, according to the release. Subsequent phases will introduce additional multifamily units, two more hotels and additional retail o erings, according to the release. What they are saying “We meticulously curated Prosper Arts District with insights from the planning and zoning commission and the Town Council of Prosper, sup- plemented by feedback from our future neighbors. We look forward to unveiling the creative hotel brands and retail partners that will join us in this venture,” Capitalize Ventures developer Krishna Nimmagadda said in the release.
Prosper Arts District will be located o the Dallas North Tollway and will be nestled on 35 acres of land.
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