Dallas Cowboys owner Jerry Jones’ Blue Star Land is working on a residential and retail project that will surround Prosper’s signature silos.
U.S. home prices saw their first annual decrease since 2012 in April, while Dallas-Fort Worth prices saw their second, according to the latest reading of the S&P Core Logic Case-Shiller home price index, one of the most respected measures of the housing market. But experts suggest the bottom may be behind us.Downtown D-FW apartment vacancies are rising due in part to widespread construction.
Located near the west end of Broadway Street, the huge storage bins were once used to stockpile grain for nearby egg and poultry farms. “The iconic silos were an integral part of the bustling farming economy of the early days, providing a way for the grain and corn farmers of the area to store their crops,” according to an old announcement from the town of Prosper. “Because they were built in close proximity to the railroad tracks, the silos also served as a launching point for the sale and distribution of the crops grown in rich land to all points north and south.
“As with every endeavor in which Blue Star is involved, they seek perfection and a high standard of quality,” she said. “We are incredibly supportive and excited about the possibilities of having them contribute to our downtown.”Blue Star Land is already developing the town’s largest mixed-use project, the Gates of Prosper at Preston Road and U.S. Highway 380.construction, which grew the retail project to 1 million square feet.
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