· 6 min read · Prosper TXNew DevelopmentsBella ProsperThe MarcoReal Estate Market
Two Major Developments Are About to Change the Face of Prosper
Bella Prosper and The Marco are two mixed-use projects moving through approvals now. Here's what's planned, where each stands, and what it means for Prosper homeowners and buyers.
Prosper has spent the last decade growing into one of North Texas's most sought-after addresses, and two projects moving through town approvals right now show what the next chapter looks like. Bella Prosper and The Marco are both mixed-use developments, both centered on water features, and both aimed at giving Prosper the kind of walkable, amenity-rich core that's been missing so far. Here's what's actually planned, and where each project stands.
Bella Prosper: A $240 Million Town Center
Bella Prosper is a mixed-use project designed to give Prosper more of a downtown feel, without adding apartments to the mix. After early plans that included a multifamily component were scaled back under new development standards passed in February, the project settled at $240 million in projected investment, focused on retail, restaurants, office space, a hotel, and a small townhome component.
Quick facts
- 86 townhomes, no multifamily apartments
- A 139-key hotel geared toward business travelers
- A public parking deck and a park with a water feature
- A roughly even mix of national chains and local businesses
- An extension of Mahard Parkway connecting First Street to Legacy Drive
The town has a real financial stake in this one. Prosper is currently about 85% residential and 15% commercial, which means homeowners are carrying most of the property tax load. Bella Prosper is projected to generate close to $60 million in annual taxable sales and an estimated $88.3 million in net benefit to the town over 25 years, which should help take some of that pressure off residential tax bills over time.
Developers had originally targeted 2028 for the start of construction, but after working closely with town staff, they're now optimistic about breaking ground on the initial retail phase in late 2027. Full buildout is expected to run through 2035.
The Marco: A 143-Acre Village on the Tollway
The Marco is a different scale of project altogether. Sitting on 143 acres at the corner of Dallas North Tollway and US 380, it's designed by developer Jeffory Blackard, who also built Adriatica Village in McKinney, and it leans into an Italian-village concept built around water.
The centerpiece is a 15-acre lagoon and canal system that doubles as stormwater detention and will be navigable by water taxi. A 26-foot-wide walkway called a passeggiata circles the lagoon, with car traffic and parking pushed to the development's outer ring.
Residential breakdown
The plan caps total residential units at 4,400:
- Up to 2,500 mid-rise apartments
- Up to 400 high-rise condos or apartments
- Up to 500 retirement community units
- Up to 1,000 single-family and duplex units, including villas and townhomes
The plan also includes office campuses up to 14 stories, retail concentrated along the tollway, a waterfront hotel with condos, and a proposed performing arts center that developers hope to build in partnership with Prosper ISD.
The Marco cleared the Planning & Zoning Commission and heads to Prosper Town Council on September 22. If approved, work on Phase 1 — including the lagoon, utilities, and initial retail, residential, and office components — could start within a year.
What It Means If You're Watching the Prosper Market
Neither project is breaking ground tomorrow, but both signal where Prosper is headed: less bedroom community, more of a place with its own restaurants, offices, and reasons to stay local. That kind of commercial growth tends to support home values over time and can ease the property tax burden that's historically fallen on homeowners here.
If you're thinking about buying, selling, or just want to understand how a project like Bella Prosper or The Marco might affect a specific neighborhood or timeline, reach out. I'm happy to walk through what it could mean for your situation.
Want to see what else is being built nearby? Browse all new Prosper and Celina developments or read the full Prosper relocation guide.
Anne Cicero is a Realtor® with Monument Realty in Prosper. She and her family have called Prosper home since 2019.