BGREA Broadway Retail Center - Phase 1 in Prosper, TX

BGREA Broadway Retail Center - Phase 1 is a new construction project located at 308 West Broadway Street in Prosper, Texas. The filing describes the scope as the new construction of a single-story shell retail space, including associated parking and walkways. The total estimated cost for this development is $2,000,000, covering a building size of 11,843 square feet.

Brown Griffin Real Estate Advisors serves as the owner and developer of record for this Collin County project. The ML Group is listed as the design firm of record. Both parties are registered with the Texas Department of Licensing and Regulation for this specific accessibility project. The project was registered in May 2022, with plan review completed in the same month.

Construction was scheduled to begin in August 2022, with a planned completion date of August 2023. This scheduled build window spans 365 days. The estimated cost per square foot is $169. This figure is above the county median of $120 per square foot for similar new construction filings in Collin County. The total project cost is also above the county median of $800,000 for its type.

Project Status and Record

TDLR completed plan review in May 2022 and construction was scheduled to finish in August 2023; 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 on private land for private use.

Brown Griffin Real Estate Advisors has one other TDLR-registered project, totaling $1,000,000, also in Prosper. The ML Group has two other registered projects in the area, including the Prosper Chiropractic & Wellness Center and an Attorney Office. The surrounding ZIP code 75078 has a population of about 46,857 people and a median household income of $187,634 according to U.S. Census estimates.