Check out some recent retail and restaurant development updates in Prosper, including new retail space being considered off Dallas Parkway and at the intersection of Preston Road and Frontier Parkway.

1. Prosper council to consider new retail at Dallas Parkway, Frontier Parkway
Prosper residents could see new retail and restaurant space taking shape off Dallas Parkway.

What you need to know: Prosper Planning and Zoning commissioners are set to consider a preliminary site plan at their Jan. 20 meeting for new restaurant and retail buildings at the intersection of Dallas and Frontier parkways. The 34.6-acre property is planned to include three restaurant and retail buildings, two restaurant buildings and six retail buildings, according to town documents.

2. Prosper commission approves new retail center at Preston Road, Frontier Parkway
Prosper residents could see a new retail center coming to the intersection of Preston Road and Frontier Parkway.

The details: At their Aug. 5 meeting, Prosper Planning and Zoning commissioners approved a site plan for a proposed retail center located at the southeast corner of the intersection.

Ked's Ice Cream, Waffles & Crepes is open on Frontier Parkway and is serving ice cream, crepes and waffle sundaes.

On the menu: The ice cream shop specializes international ice cream flavors, such as Arabic gum, fig, malai, durian and sesame seed, among others. Along with global flavors, Ked's serves classic flavors such as chocolate, birthday cake, cookie dough and tutti frutti.

• 1440 W, Frontier Parkway, Ste. 110, Prosper

The Dallas-Fort Worth retail market’s occupancy rate climbed again in 2025, according to Texas-based real estate firm Weitzman’s latest annual forecast.

The full story: Dallas-Fort Worth finished 2025 with a retail occupancy of 95.3%, an increase to the record occupancy first reported in 2023. Executive Managing Director Bob Young called it a “retail three-peat.”

“For the first time in our [survey’s 36-year history], three years in a row, occupancy has been at record levels,” he said. “Right now, we’re celebrating the market’s highest-ever occupancy of 95.3%.”

More information: Occupancy wasn’t the only measurement that increased since last year’s report. Total inventory increased to 202 million square feet and new construction increased to 2.4 million square feet delivered, according to the retail market report. Vacant space fell to 9.5 million square feet from 9.7 million square feet in 2024.

Grocery store anchors such as H-E-B, Kroger and Target accounted for more than 1.9 million square feet of all new space delivered, Young said. That trend is expected to continue in 2026.

A new John Peter Smith medical outpatient facility could be constructed in Fort Worth, among other projects recently filed with the Texas Department of Licensing and Regulation in the Dallas-Fort Worth area.

Here are five of the most expensive permits filed with TDLR in the past week.

1. JPS medical outpatient building
The public, Fort Worth-based JPS Health Network filed a permit to add outpatient services to a new 10-story, 300,000-square-foot medical outpatient building, according to the TDLR filing. The new facility will offer laboratory and imaging services and is scheduled to open in 2029, according to the health system.

• Location: 1300 S. Main St., Fort Worth
• Estimated timeline: Jan. 9, 2026-July 29, 2029
• Estimated cost: $250 million

• Location: 2400 Maumelle Drive, Plano
• Estimated timeline: May 15-Aug. 1
• Estimated cost: $5.5 million

Texas health officials are proposing sweeping new regulations on the state’s hemp industry, including raising the fees required to sell and manufacture consumable hemp products by roughly 10,000%.

The overview: In late December, the Texas Department of State Health Services published a slate of proposed rules regulating consumable hemp products. The proposals include:

• A prohibition on sales to customers under 21 years old
• Stricter testing and labeling requirements
• Guidelines for product recalls
• Tens of thousands of dollars in annual fees