Feature Illustration (above): A conceptual rendering by HKS of the Children’s Health pediatric medical complex in Prosper. Courtesy: Children’s Health.
by Adolfo Pesquera
Prosper (Collin County) — Children’s Health has acquired 72 acres from Matthews Southwest to build a mixed-use medical campus just north of where The PGA of America is planning its new 600-acre headquarters.
Children’s Health plans to select a master developer as a partner through a competitive bidding process for all non-healthcare related development. This includes public private projects with the town of Prosper. In addition to pediatric healthcare, Children’s Health plans to offer hospitality, corporate and retail products to create a community medical campus, according to a statement released April 25.
The scale of buildings and other project details are in the conceptual stage, according to Jeremiah Radandt, executive vice president of the northern market for Children’s Health. The announcement did not provide an estimate as to when construction would begin or when the project is expected to be completed.
The land is located northwest of the intersection of the Dallas North Tollway and East University Drive (U.S. Hwy 380). The Texas Department of Transportation is completing an east-west overpass at that intersection and construction on a Cut! by Cinemark theater was recently completed southwest of the intersection.
“Prosper is regionally significant and integral to the long-term strategy of Children’s Health,” Radandt said in the prepared statement. “We have always south after the best ways to serve and invest in the community. By building this unique medical campus, we are broadening how we bring healthcare to North Texans, and better serving the needs of our patients for the future.”
Matthews Southwest sold the land from a 177-acre holding to complement its plans for a mixed-use development.
Prosper Mayor Ray Smith said the project “will offer high quality healthcare for our younger residents, as well as the benefit of high-end commercial development at one of Prosper’s key intersections for economic growth.”
Just three weeks prior to the announcement of a new medical campus, Children’s Health entered into an agreement with Prosper Independent School District to be its official pediatric healthcare partner. The campus will help Children’s Health fulfill that agreement.
Children’s Health will support the district with a 10-year sponsorship that includes naming rights for the school district’s premier athletic complex opening in August, educational and promotional collaborations between the two entities, and a full spectrum of sports medicine, athletic healthcare and virtual health services for schools and youth sports organizations.
As part of the agreement, the Children’s Health Andrews Institute for Orthopaedics & Sports Medicine will offer athlete-centered sports medicine services and care to promote wellness and mitigate the risk and effect sports injuries have on student athletes. This includes on-site sports medicine and athletic health care services during school sporting events, including sideline medical and athletic trainer support with immediate access for injury evaluation and consults.
Children’s Health will also work closely with parents, coaches and athletic trainers to provide Prosper ISD athletes with comprehensive medical, nutrition, sports performance, training, care and recovery services.
Children’s Health is the eighth largest pediatric healthcare provider in the nation.
PGA of America:
Concept master plan for The PGA of America headquarters in Frisco. Courtesy: PGA of America.
In December, The PGA of America announced its intention to move its headquarters from Palm Beach County in Florida to Frisco, which is located immediately south of Prosper.
The announcement came after a votes in support of a development agreement from the Frisco City Council, the city’s Economic and Community Development Corp. and the Frisco ISD. The agreement will lead to the establishment of two PGA Championships, two KMPG Women’s PGA Championships and possibly a Ryder Cup.
The initial 600-acre investment has an estimated worth of more than $520 million and an economic impact over 20 years of more than $2.5 billion.
The PGA of America is collaborating with Omni Stillwater Woods (OSW) in a joint venture led by Omni Hotels & Resorts with Stillwater Capital and Woods Capital.
Plans are to include the development of two championship golf courses along Panther Creek, a short course and practice areas totaling 45 holes. Access will be by way of Rockhill Parkway and Legacy Drive extensions that will meet west of Dallas North Tollway. Facilities are to include a 500-room Omni resort, a 127,000-square-foot conference center, a retail village, parks and open space with trails.
The PGA of America will invest $30 million to build its 100,000-square-foot global headquarters and education facility. OSW will invest $455 million to purchase the land, construct the hotel, conference center, retail space, parking facilities, and golf courses. The golf courses, clubhouse, practice areas and associated public facilities will be owned by the city.
In January, Stillwater Capital made a separate announcement regarding 250 acres the company acquired adjacent to the east boundary of the PGA of America project. Stillwater Capital, DSF Capital LLC and investor Stephen Summers formed a partnership to develop the site with retail, residential, office, medical and hospitality uses.
Google Map with graphics by Adolfo Pesquera.
The Stillwater/DSF project is to be developed within three to five years. DSF is already at work on a 40-acre development at the southeast corner of Dallas North Tollway and U.S. Highway 380. Both companies are based in Dallas.