Raytheon McKinney Phase II

Raytheon McKinney Phase II is a new construction project located at 2501 University Drive in Mckinney. The work involved the interior finish out of Levels 3 through 5 and securing project rooms on Level 2 with surrounding office space. The entire facility is designated for all business occupancy. The total estimated cost for this development was $20,334,000, covering 167,000 square feet.

Raytheon Technologies is the owner and developer of record. The project was registered with the Texas Department of Licensing and Regulation in April 2022. Construction began in June 2022, and the scheduled completion date was March 2024. The TDLR closed the project file in March 2024, which marks the end of the accessibility review process for this construction.

Scale and Cost Context

At $20,334,000, the estimated cost for Raytheon McKinney Phase II places the project above the county median for new construction filings. The median estimated cost for similar projects in Collin County is $800,000. The size of this build, at 167,000 square feet, is significantly larger than the median size of 7,024 square feet for new construction in the region. The calculated cost per square foot is $122, which is close to the county median of $120 per square foot.

The scheduled build window for this project was 666 days. This duration is longer than the median scheduled build window of 212 days for new construction projects in Collin County. Ronald L Davis served as the registered accessibility specialist. The work was privately funded on private land for private use.

Raytheon Technologies has registered six other projects with the TDLR, totaling $13,620,223. These include locations in Greenville, Dallas, Mckinney, and Richardson. All of these other projects are also marked as closed. The specific scope for this Mckinney phase involved interior finishes and secure office spaces, distinct from the other filings in the owner's portfolio.