Old Prosper Partners acquired a 2,452-acre property north of McKinney with plans for thousands of homes and apartments. There will also be millions of square...
Old Prosper Partners purchased one of the largest undeveloped tracts in Collin County, and they have plans for a massive mixed-use development.A local real estate investment firm has purchased one of the largest undeveloped tracts in Collin County, and it has plans for a massive mixed-use development.Old Prosper Partners’ Teague Griffin said he plans for the property to hold millions of square feet of mixed-use space along with thousands of homes and apartments.
Griffin said the firm paid cash for the land. The purchase price and other terms of the transaction were not disclosed. However, it was the company’s largest transaction this year.The Collin County Outer Loop, now under construction, will split the tract down the middle. The land was previously owned by BFJ Land LLC, according to county tax records.Since 2021, Old Prosper Partners has acquired over 6,000 acres in Collin and Denton County since 2021.
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