Prosper's Town Council will hold a public hearing Sept. 22 on a proposed 143-acre development with up to 4,400 homes at the northeast corner of Dallas North Tollway and U.S. 380.

The hearing on the project, called The Marco, is set for 6:15 p.m. Tuesday, Sept. 22, at Prosper Town Hall, 250 W. First St., according to a town hearing notice. The zoning case is ZONE-26-0009.

The proposal would amend part of Planned Development-42 and rezone a commercial tract to create a mixed-use planned development. The site's current commercial zoning does not allow the height, density or structured parking the developer envisions, Frisco.com reported.

Developer Jeffory D. Blackard of BlackStone Communities is behind the project. The land is owned by Godwin Investments Ltd., Community Impact reported.

The Prosper Planning and Zoning Commission voted 4-2 on Aug. 18 to recommend approval. Chairman Damon Jackson and Commissioner Josh Carson opposed the rezoning. Commissioner Brett Butler was absent.

Carson voiced concern about the residential scale. "There's a big number of multifamily units, much bigger than we've seen in Prosper, … We're obviously a little sensitive to that," he said at the Aug. 18 meeting, according to Community Impact.

Conceptual plans center the development around a lagoon spanning more than 15 acres, which would double as stormwater detention. A 26-foot-wide walkway called a passeggiata would ring the lagoon, with car traffic pushed to the outer edges.

The residential breakdown in the current draft of the planned development caps total units at 4,400: up to 2,500 mid-rise apartments, 400 high-rise condominiums or apartments, 500 retirement-community units and 1,000 single-family or duplex homes including villas and townhomes.

Blackard told Community Impact that one-bedroom apartments would start around $2,500 a month. One buyer has already expressed interest in a residence priced at roughly $20 million, he said.

The project also calls for office space, two corporate headquarters campuses up to 14 stories and retail along the tollway. A proposed performing arts center called The Phoenix is part of the plan.

Blackard said at the Aug. 18 meeting he hopes to partner with Prosper ISD on The Phoenix. District voters approved $125 million for a performing arts center in a 2023 bond package, but no formal talks between Blackard and the district have taken place.

Plans remain conceptual. Rezoning approval would let the project advance but would not guarantee every proposed feature gets built, Frisco.com noted. Blackard told Community Impact that Phase 1 construction could begin within a year of council approval.

The town's website will post additional meeting details three business days before the Sept. 22 hearing.