$1.2 billion signature development is largest residential community in west Prosper
PROSPER—June 26, 2014 -- The first phase of Windsong Ranch, the highly anticipated $1.2 billion master-planned community in Prosper, Texas is opening this week. The 2,030-acre master-planned development is 2.5 miles west of the Dallas North Tollway and north of Highway 380.
“The timing for the opening of Windsong Ranch couldn’t be better,” said Craig Martin, Founding Partner of Terra Verde Group, the developer of the community. “With the explosive growth in the City of Prosper and a continued record number of single family permits, we are at the forefront of the expansion west of the Tollway. Not only are we the largest residential community in Prosper but we are offering the ultimate in a family-friendly lifestyle that is redefining how master-planned communities are developed.”
Proper is expecting at least 34 percent growth by 2016, most of it positioned around the Tollway/380 interchange. Windsong Ranch is the first of several commercial and residential projects to open on the west side of town. Builders Highland Homes, Drees Custom Homes and Darling Homes have homes available from the mid $300s to $500s. Model homes by builders Huntington Homes, David Weekley Homes and Chesmar Homes will be open Fall 2014.
“Several of our builders are introducing new home designs just for Windsong Ranch,” said Martin. “They have a long interest list and have been working with many buyers for the last few months narrowing down floor plans as they finalize their home line-ups and pricing.”
The Windsong Ranch Amenity Center, called The Commons, has a resort-style feel and uses a material palette of locally quarried natural limestone, Brazilian Ipe wood siding, steel, glass and metal.
The Commons sits on a beautiful hilltop overlooking a two-acre lake with spectacular views and is adjacent to The Esplanade for community gatherings and events. Amenities include a Welcome Center and Windsong Café, which is run by McKinney favorite Snug on the Square and features fresh cooked food with locally sourced ingredients; lap pool, resort pool, cabanas and kids spray park; fitness facilities; and a covered outdoor living room with an over-sized fireplace. The next phases will include tennis courts and a disc golf course.
Events scheduled for the Saturday, June 28 opening of Windsong Ranch include the chance to win a resort family vacation for four, free giveaways, a backyard barbecue at The Commons starting at 4 pm and the Family Dive-in Movie at 8 pm at the Windsong pool featuring Disney’s Frozen. Burgers, sno-cones and popcorn will also be served.
Upon a projected 10- to 15-year build-out, Windsong Ranch has entitlements for 3,500 single-family residential lots; 300 town house units, 300 multi-family units, 150 acres of mixed-use development along U.S Highway 380; over 600 acres of open space with native preserves, trails and parks; and a 50-acre Community Park. For more information on Windsong Ranch, please visit http://www.windsongranchliving.com.
ABOUT TERRA VERDE GROUP – Prosper-based Terra Verde Group, LLC (http://www. http://tvgllc.com), is a real estate investment firm focused on the purchase and development of opportunistic real estate assets. Its principals have decades of combined experience in investments and development in the real estate marketplace and account for more than $6.5 billion of sales in real estate product. TVG delivers risk-adjusted rates of return, which exceed expectations and strives to build and sustain investor trust throughout the investment cycle. TVG creates significant added value by engineering and executing smart, disciplined, proactive management and capital strategies, while adhering to the core values it shares with its partners.