Holmes Murphy in Dallas, TX

Park Central 3 is a 44,500 sq ft renovation and alteration project located at 12712 Park Central Drive Suite 100 in North Dallas. The work, filed under the name Holmes Murphy, involves modifications to existing leasehold improvements for general office space. This private development is owned by McKnight Park Central LLC and was registered with TDLR in December 2021.

The project has an estimated cost of $2,100,000, which translates to $47 per square foot. This cost is above the county median for similar renovation filings in Dallas County, placing it in the top quarter of comparable projects. Conversely, the per-square-foot cost is below the county median of $72. The scheduled construction window was 123 days, which is longer than the median build window of 92 days for this type of work in the area.

BHA served as the design firm of record for this project. The firm has six other TDLR-registered projects totaling $2,327,006, including work on Parkland Hall and Old Parkland East Campus Building C in Dallas, as well as Dimensional Place, Building 2 in Austin. These previous projects indicate a pattern of mid-sized commercial and institutional renovations in the region.

Construction was scheduled to begin in January 2022, with a planned completion date of May 2022. Plan review was completed in December 2021. However, TDLR has not yet recorded a final inspection, so the current state of the site is not confirmed in the public record. The project is privately funded and located on private land for private use.

The surrounding area, ZIP code 75251, has a population of about 3,529 and a median household income of $84,791 according to U.S. Census estimates. Nearby businesses include Benihana Dallas, Watermark Community Church, and the Residence Inn by Marriott Dallas Park Central. Other registered renovation projects in the immediate area include Signature Exchange, Preston Grove I, Store #11478, and Banner Place.