Dallas Cowboys owner Jerry Jones breaks ground on $1 billion mixed-use development
By Mike Chamernik, Associate Editor
Construction has started on the first phase of Dallas Cowboys owner Jerry Jones' Gates of Prosper mixed-use development in Prosper, Texas.
According to the Dallas Morning News, Jones’ Blue Star Land paired with developer Lincoln Property to build the $1 billion development on 500 acres. The first project, a 300,000-sf shopping center on 93 acres, is under way.
Jones bought the 500 acres of land nearly 20 years ago, but issues, incluing the recession of 2008, delayed building. The plan calls for retail space, including a Walmart, along with offices, apartments, and homes.
Lincoln Property and Jones are also tied together for the Cowboys’ new team headquarters and event center in Frisco, which will open in 2016.
