Funding type
This project is privately funded, on private land for private use.
Velvet Taco - Grandscape
5350 Nebraska Furniture Mart Drive, The Colony, TX, 75056
Velvet Taco - Grandscape is a new construction project at 5350 Nebraska Furniture Mart Drive, The Colony, in Denton County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Construction complete (TDLR inspection passed Jun 2022). The project has an estimated value of $1.0M across about 2,388 sq ft.
- Estimated project value
- $1.0M
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 2,388 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $419/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 5 months
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
4 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
124 days after the preceding date shown.
Source: TDLR filing
View source recordProject closed · TDLR filing
The project record was closed in TDLR.
147 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
Same day as the preceding date shown.
Source: TDLR filing
View source record
📰About Velvet Taco - Grandscape
Velvet Taco - Grandscape is a new ground-up restaurant located at 5350 Nebraska Furniture Mart Drive in The Colony, Texas. The 2,388-square-foot facility was registered with TDLR in September 2021 under an estimated cost of $1,000,000. This private construction project was developed by LMG Ventures, with architectural services provided by Id Studio 4 LLC.
Project Scope and Economics
The filing describes the work as a new restaurant, with a registered accessibility specialist named Jeffery L Kelley. The estimated cost of $1,000,000 translates to approximately $419 per square foot. This figure is above the county median of $121 per square foot for similar new construction filings in Denton County. The estimated total cost is close to the county median of $900,000 for this type of work.
The scheduled build window for this project was 147 days, which is shorter than the county median of 220 days. LMG Ventures has five other TDLR-registered projects in The Colony, including Grandscape and various truck yard facilities. Id Studio 4 LLC has worked on six other registered projects, including locations in Mansfield, Frisco, and San Antonio.
Administrative Status and Location
Construction began in January 2022, with a completion date listed for June 2022. TDLR closed the project file in June 2022, which marks the end of the accessibility review process for this construction. The project is privately funded on private land for private use.
The Colony is a community in Denton County with a population of about 67,978 according to Census estimates for ZIP code 75056. The median household income in this area is $116,806. Local coverage from The Colony Magazine reported the new restaurant is located at this specific address on Nebraska Furniture Mart Drive. Third-party platforms like Yelp and Uber Eats have listed this location with various ratings and service options.
Project Closed
Project has been completed and closed
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Velvet Taco - Grandscape is a New Construction project located at 5350 Nebraska Furniture Mart Drive, The Colony, TX 75056 in The Colony, Texas. The project has an estimated value of $1.0M covering 2,388 sq ft. LMG Ventures is the property owner and Id Studio 4 LLC is the design firm of record. The project was registered with TDLR on September 8, 2021.
Frequently Asked Questions
Is the Velvet Taco in The Colony open?
The TDLR record shows the construction project closed in June 2022. Third-party sources like Yelp and Uber Eats list the location as active, but the registration data only confirms the completion of the building project, not daily operations.
Who built the Velvet Taco at Grandscape?
LMG Ventures is the owner of record. Id Studio 4 LLC is the design firm listed on the TDLR filing. Jeffery L Kelley is the registered accessibility specialist for this specific construction project.
How big is the Velvet Taco restaurant in The Colony?
The filing lists the square footage as 2,388 sq ft. The estimated cost for this space was $1,000,000, resulting in a cost per square foot of $419.
When was the construction project filed?
The project was registered with TDLR in September 2021. Construction started in January 2022, and the file was closed in June 2022, indicating the end of the accessibility review.
Is the site in a flood zone?
It is located in zone X, which indicates minimal flood risk according to the National Flood Hazard Layer.
What is Velvet Taco - Grandscape?
Velvet Taco - Grandscape is a new construction project at 5350 Nebraska Furniture Mart Drive in The Colony, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: new ground up restaurant
Is Velvet Taco - Grandscape open in The Colony?
Construction on Velvet Taco - Grandscape is complete — TDLR records show the project passed its required accessibility inspection in Jun 2022. The building is finished and very likely open.
Where is Velvet Taco - Grandscape located?
Velvet Taco - Grandscape is located at 5350 Nebraska Furniture Mart Drive, The Colony, TX, 75056, in Denton County.
Who is the owner or developer of Velvet Taco - Grandscape?
LMG Ventures is the property owner/developer of record for Velvet Taco - Grandscape, per its TDLR project registration.
Who is the architect or design firm for Velvet Taco - Grandscape?
Id Studio 4 LLC is the design firm of record for Velvet Taco - Grandscape, according to its TDLR filing.
How much does Velvet Taco - Grandscape cost and how big is it?
Velvet Taco - Grandscape has an estimated construction value of $1.0M and approximately 2,388 square feet (about $419/sqft), based on its TDLR filing.
Scope of Work
new ground up restaurant
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
5350 Nebraska Furniture Mart Drive, The Colony, TX, 75056
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