IC-SB Princeton Land Partners, LP successfully sold a 15-acre parcel to TxDOT on November 15, 2024.

TxDOT will use this land for a proposed U.S. 380 Bypass alignment.

The proposed TxDOT project for the U.S. 380 Bypass would provide an eight-lane freeway with frontage roads to manage congestion and east-west mobility, connectivity, traffic operations, and safety. TxDOT has been working on the Draft Environmental Impact Study (EIS) since the Fall of 2020.

This project is necessary because population growth within Collin County has resulted in traffic volumes that exceed the capacity of U.S. 380 between Coit Road and FM 1827, resulting in congestion, reduced mobility, and higher crash rates than similar roadways in the region.

An extensive amount of time and effort by the seller was needed with Collin County, The Army of Engineers and the State of Texas in order to receive this favorable outcome.

Construction for this new alignment is projected to start in 3-5 years.

Following this sale, the partnership retains ownership of 59 acres, with investors having already received a full return of their capital.