diff --git a/lib/definitions/project.d.ts b/lib/definitions/project.d.ts
index d8f77881be..ba58abb0c1 100644
--- a/lib/definitions/project.d.ts
+++ b/lib/definitions/project.d.ts
@@ -165,6 +165,7 @@ interface IProjectData extends ICreateProjectData {
 	infoPlistPath: string;
 	buildXcconfigPath: string;
 	podfilePath: string;
+	initialized?: boolean;
 	/**
 	 * Defines if the project is a code sharing one.
 	 * Value is true when project has nativescript.config and it has `shared: true` in it.
diff --git a/lib/project-data.ts b/lib/project-data.ts
index a67a3b5b8a..cb1794fb07 100644
--- a/lib/project-data.ts
+++ b/lib/project-data.ts
@@ -98,6 +98,7 @@ export class ProjectData implements IProjectData {
 	public isShared: boolean;
 	public previewAppSchema: string;
 	public webpackConfigPath: string;
+	public initialized: boolean;
 
 	constructor(
 		private $fs: IFileSystem,
@@ -116,6 +117,9 @@ export class ProjectData implements IProjectData {
 	}
 
 	public initializeProjectData(projectDir?: string): void {
+		if (this.initialized) {
+			return;
+		}
 		projectDir = projectDir || this.$projectHelper.projectDir;
 
 		// If no project found, projectDir should be null
@@ -126,6 +130,7 @@ export class ProjectData implements IProjectData {
 				const packageJsonContent = this.$fs.readText(projectFilePath);
 
 				this.initializeProjectDataFromContent(packageJsonContent, projectDir);
+				this.initialized = true;
 			}
 
 			return;
diff --git a/lib/services/project-data-service.ts b/lib/services/project-data-service.ts
index 5c82d4e6eb..544755d8c4 100644
--- a/lib/services/project-data-service.ts
+++ b/lib/services/project-data-service.ts
@@ -120,7 +120,6 @@ export class ProjectDataService implements IProjectDataService {
 			this.projectDataCache[projectDir] ||
 			this.$injector.resolve<IProjectData>(ProjectData);
 		this.projectDataCache[projectDir].initializeProjectData(projectDir);
-
 		return this.projectDataCache[projectDir];
 	}