09.17.24 Town Council and P&Z Joint Work Session PresentationWelcome to the September 17, 2024,
Prosper Town Council and
Planning and Zoning Commission
Joint Work Session
Town Council Call to Order/Roll Call
Planning and Zoning Commission Call to Order/Roll Call
Agenda Item 1.
Discussion of a proposal to modify the Gates of Prosper Planned
Development (PD-67), located west of Preston Road between US 380
(University Drive) and First Street. (DH)
PD 67 – PROPOSED
AMENDMENT
BLUE STAR HISTORY WITH THE TOWN OF
PROSPER
Blue Star Land has extensive
investment in the Town of Prosper
since 1996 (Over 2000 Acres)
Star Trail >$1 B taxable property
Gates of Prosper >250 MM taxable
property
BSL wants to see Prosper continue to
Prosper
GATES OF PROSPER HISTORY
Purchased first property in 1996
Completed initial zoning of PD-3 in
2000 (Population approx. 2000)
Continued purchasing in the area due
to good relationships and belief in the
community
Early concepts for Gates of Prosper in
2004
Rezoned to include Town Center
(Angel Tract) in 2004 as PD-13
Development plans paused for
recession
Began working with Town on revised
plan in 2012 (Population approx.
10,000)
PD-67 Approved May 2014
Three prior amendments
Current Population approx. 40,000
Annual Sales tax >$2 MM
AMENDMENT 4 – SUBDISTRICT 2 CHANGES
Addition of 600 MF units
Activate the area to attract more high
end restaurant and shopping Tenants
Necessary to stay competitive with
nearby mixed use developments
Similar changes occurring across
country on existing developments
AMENDMENT 4 – SUBDISTRICT 3 CHANGES
Originally considered for for MOB
Additional residential would have a
greater benefit on the area
Addition of 150 SF units
Provide a buffer between downtown
and the more intense retail areas
Walkable to both the Downtown area
as well as Gates retail areas.
Provide an alternative residential
product type
•Max. 110 – 40’ Lots
•Alley served
Agenda Item 2.
Discussion regarding mixed-use developments within the Town of
Prosper. (DH)
Adjourn