Bloomfield Office Park in Keller, TX

Bldg 7, part of the Bloomfield Office Park development, is a new construction project located at 1710 Keller Pkwy in Keller, Texas. Registered with the Texas Department of Licensing and Regulation (TDLR) in September 2019, this privately funded project was designed to meet accessibility standards for private use on private land. The structure spans 3,000 square feet with an estimated total cost of $450,000, resulting in a cost per square foot of $150.

Project Timeline and Status

Construction began in October 2019, with the filing indicating a completion date of December 2019. The registered accessibility specialist for this project was Gerald A Ward. The project was executed on a relatively tight schedule; while the county median build window for new construction is 214 days, this project’s timeline was significantly shorter. The TDLR closed the project file in December 2019, which marks the end of the accessibility review process for this construction.

Financial and Market Context

When compared to 8,913 TDLR-registered new construction filings in Tarrant County, Bldg 7 presents a distinct financial profile. The median estimated cost for new construction in the county is $800,000, with a middle half range of $300,000 to $2,700,000. At $450,000, this project’s cost is below the county median for its type. However, its cost per square foot of $150 is above the county median of $120. The median size for such projects in the area is 8,210 square feet, making Bldg 7 notably smaller than the typical new construction filing in Tarrant County.

The owner and developer of record for this site is Costa Brava LLC. This entity has one other TDLR-registered project, Marc 7, also located in Keller, which totaled $100,000 and is closed. The surrounding area, identified by ZIP code 76248, has a population of about 40,130 and a median household income of $161,383. Housing in this zone is predominantly owner-occupied, with a median owner-occupied home value of $479,500.