DALLAS–The first grocery-anchored shopping center is coming to Prosper.
United Commercial Development, Terra Verde Group and Venture Commercial Real Estate are behind developments that will bring a 125,000-square-foot store, to be disclosed at a later date, to the 300,000-square-foot center, which will also be the first commercial development at Windsong Ranch. The new 2,030-acre master-planned community opened in June in the suburb, which is 30 miles north of downtown Dallas.
Terra Verde Group, the developer of Windsong Ranch, sold a 46-acre land parcel at the northeast corner of US Highway 380 and Gee Road to UCD led by Robert Dorazil, who partnered with The Kroenke Group on the project. Plains Capital Bank provided financing.
"We are excited to announce the first commercial site within Windsong Ranch," said Craig Martin, founding partner of Terra Verde Group. "This convenient grocery location and new retail center will add to the many great features and amenities already in our community and will attract other quality commercial tenants to west Prosper."
Ken Reimer, Edward Bogel and David Davidson Jr. of Venture Commercial's land division brokered the land sale and also represented UCD in the 14-acre sale to a Tier 1 national grocery retailer.
“We are excited to develop this important corner at the front door of the largest residential development in the entire Metroplex,” said Dorazil.
“We continue to see exponential residential growth in Collin and Denton [counties] creating opportunities for national and local retailers to come in and provide essential services for the residents of growing communities such as Prosper's new Windsong Ranch,” said Davidson Jr. of Venture.
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