Westside Development Parcel
Mixed Use | 103,300 SqFt
Marketing description
The Westside Hotel Site presents a rare and lucrative opportunity in the thriving market of Prosper, Texas. Nestled on 4.01 acres at 27710 E University Dr, this prime commercial property is not only zoned for an approved hotel but also offers the potential for a retail strip, creating a synergistic blend of hospitality and retail experiences that cater to the burgeoning population in the area. The site’s strategic location is further enhanced by its positioning alongside Costco, a heavyweight in retail that promises to draw significant foot traffic, thereby elevating the profile and profitability of future developments.
Surrounded by affluent neighborhoods, the Westside Hotel Site is poised to capitalize on the robust demand for both lodging and commercial amenities in this rapidly growing region. Its proximity to Cook Children’s North Campus, which provides essential healthcare services to the community, and the St. Martin de Porres congregation, attracting 1,400 to 1,500 attendees for Sunday Mass, adds to the site’s appeal. Additionally, with plans for 250 future multifamily apartments adjacent to the property, this site is set to benefit from an increase in both transient and residential clientele. The Westside Hotel Site is not just a property; it is an investment in the future of Prosper, embodying both immediate and long-term growth potential for savvy investors.
Investment highlights
- 4.01 Acres Available - approved Hotel Site plus Retail Strip opportunity
- Anchored by Costco, one of the largest volume, brick and mortar, retailers in the country which will drive significant traffic to the development
- 250 Future Multi Family apartments on-site
- Surrounded by affluent neighborhoods in a rapidly growing area
- Close proximity to Cook Children’s North Campus with 101 beds on 23.65 acres; St. Martin de Porres with 1,400 to 1,500 people in attendance for Sunday Mass
- Less than 4 miles west of the 600 Acre mixed use development anchored by PGA of America Headquarters and an 800-key Omni Hotel
- Call for Info & Price
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