DALLAS—Venture Commercial Real Estate's Land Division has brokered the sale of 26 acres near Windsong Ranch for a 300-unit townhome-style luxury apartment development, to be located within the Prosper Independent School District.
Terre Verde Group, the developer of Windsong Ranch, sold the land tract to Atlanta-based Davis Development. The property is located at the northeast quadrant of Highway 380 and Gee Road, adjacent to the new 300,000 square foot Kroger-anchored retail development that is expected to break ground in December.
"Craig Martin and David Blom of Terre Verde Group hired us to find the best multifamily developer for the only project of this type on the 2,030-acre Windsong Ranch, and we all agree that Davis Development is the perfect fit," Ken Reimer, a partner at Venture Commercial, told GlobeSt.com.
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