Mercedes Benz Financial Services in Fort Worth, TX

The Mercedes Benz Financial Services project at 14372 Heritage Pkwy in Fort Worth is a renovation and alteration of 8,000 square feet of commercial space. Registered with the Texas Department of Licensing and Regulation (TDLR) in June 2021, the work involved the physical separation of the tenant's two divisions within the existing structure. CFT NV Developments LLC served as the owner or developer of record for this privately funded initiative on private land designated for private use.

Project Scope and Cost Analysis

The estimated cost for this renovation was $300,000, resulting in a computed cost of $38 per square foot. This figure sits below the county median of $79 per square foot for similar renovation or alteration filings in Tarrant County. The median estimated cost for these projects in the area is $250,000, meaning this project’s total budget is above the county median. Konny Deffner was the registered accessibility specialist overseeing the TABS compliance aspects of the filing.

Timeline and Regulatory Status

Construction was scheduled to begin in June 2021 with a targeted completion date of September 2021. The scheduled build window of 72 days is close to the county median of 92 days for comparable work. The TDLR closed the project file in September 2021, which marks the end of the accessibility review process for this construction. This status indicates that the regulatory review phase has concluded, though the record does not confirm the operational status of the business.

The site is located in ZIP code 76177, where U.S. Census ACS 2023 five-year estimates report a population of about 24,141 and a median household income of $103,990. The area contains 10,140 housing units with a median owner-occupied home value of $349,400. CFT NV Developments LLC has registered six other TDLR projects totaling $6,270,000 across Texas, including several Panda Express locations and retail spaces in cities like Celina, Liberty Hill, and Buda.