Venture Commercial Brokers Sale of 26 Acres for Multifamily Development in Metro Dallas

PROSPER, TEXAS — Venture Commercial Real Estate has brokered the sale of 26 acres near Windsong Ranch for a 300-unit, townhome-style apartment development located within the Prosper Independent School District. Terre Verde Group, the developer of Windsong Ranch, sold the land tract to Atlanta-based Davis Development. The property is located at the northeast quadrant of Highway 380 and Gee Road, adjacent to a new 300,000-square-foot, Kroger-anchored retail development expected to break ground in December. Ken Reimer, Edward Bogel and David Davidson Jr. of Venture represented the seller, Terra Verde Group, in the transaction. Bogel and Davidson represented the buyer, Davis Development. The $1.2 billion Windsong Ranch master-planned development is located a little more than two miles west of the Dallas North Tollway on Highway 380. The property will include 3,100 single-family residential lots, 150 acres of mixed-use development along U.S Highway 380 and 600 acres of open space with native preserves, trails and parks. The first three phases have been completed and are now open.