Prosper development site sells near U.S. 380 intersection with tollway
DFW Land bought the 50-acre tract in Prosper from longtime Collin County land investor and Dallas attorney Don Godwin.(Elías Valverde II / Staff Photographer)
A partnership led by Vijay Borra, CEO of DFW Land, has purchased the prime tract along the Dallas North Tollway extension.
Another prime development site has changed hands near the Dallas North Tollway and U.S. Highway 380 intersection.
The Collin County crossroads between Frisco and Prosper has seen a flurry of recent land deals and construction of major projects in the area.
The latest transaction involves a 50-acre tract just north of U.S. 380 on the east side of the tollway extension. The site was sold to a partnership led by Vijay Borra, CEO of DFW Land.
DFW Land has been a big buyer of real estate in the tollway corridor. In August, the firm purchased a 110-acre site on Mahard Parkway, adjacent to Children’s Health’s new medical campus. Last year, the investor bought over 1,000 acres further north up the tollway in Gunter.
DFW Land made its latest Prosper purchase from longtime Collin County land investor and Dallas attorney Don Godwin.
“I’ve worked with Mr. Godwin for over thirty years helping him assemble thousands of acres in both Collin and Grayson counties,” said leading property broker Rex Glendenning, who arranged the recent sale.
Glendenning said DFW Land is working with Dallas Cowboys owner Jerry Jones’ Blue Star Land to build a new east-west roadway to the site that will be called Godwin Parkway. Godwin donated land for the new parkway.
“I feel this east-west connectivity to the tollway will be a game changer for this area and help drive new blue-chip retail-mixed use development in the area,” Glendenning said.
The site DFW Land acquired from Godwin Investments is just west of Blue Star Land’s huge Gates of Prosper development, which includes shopping centers and apartments.
Property investment and development activity is growing in Prosper, which is just north of the new PGA of America headquarters and resort and the 2,500-acre Fields development.
- Steve Brown, Dallas Morning News