Gates of Prosper - Retail (Building 2) Block E - Lot 3

A new one-story mercantile shell building is under development at the intersection of Preston Rd and 1st Street in Prosper, Texas. The project, identified in filings as Gates of Prosper - Retail (Building 2) Block E - Lot 3, covers 11,265 sq ft. Blue Star Land is the owner of record, with O'Brien Architects serving as the design firm. The estimated cost for this new construction is $1,500,000.

Project Scope and Cost

The scope of work is defined strictly as a one-story mercantile shell building. At an estimated cost of $1,500,000, the project sits above the median estimated cost of $800,000 for new construction filings in Collin County. The calculated cost of $133 per square foot is close to the county median of $121 per square foot. The scheduled build window of 304 days is longer than the county median of 212 days.

This project is privately funded on private land for private use. It is one of six other TDLR-registered projects associated with Blue Star Land, which total $19,609,007. Other projects by this owner include The Gates of Prosper and Baylor Scott and White Pavillion. O'Brien Architects has six other registered projects totaling $31,502,450, including shell buildings in Wylie and self-storage facilities in Mesquite.

Timeline and Status

The project was registered with TDLR in October 2024, and plan review was completed in the same month. Construction was scheduled to begin in January 2025, with a completion date listed as November 2025. Although this scheduled end date has passed, TDLR has not yet recorded a final inspection. Therefore, the current state of the site is not confirmed in the public record.

Prosper is located in Collin County, with a ZIP code 75078 population of about 46,857. The median household income in this area is estimated at $187,634. The median owner-occupied home value is $650,600, and housing is predominantly owner-occupied. The Collin County unemployment rate was 4.4 percent in August 2026, lower than a year earlier.