Promontory on Preston in Plano, TX

A new 264-unit garden-style apartment community named Promontory on Preston was built at 4708 West Spring Creek Parkway in Plano. The Texas Department of Licensing and Regulation closed the project file in February 2024, marking the end of the accessibility review process for this construction. The development consists of 10 buildings, each standing two to three stories high, and includes surface parking, a dedicated leasing office, a fitness center, a pool, and club amenities for residents.

The project was registered with TDLR in July 2022 with construction starting in October 2022. The estimated cost for the build was $1,283,901, which breaks down to $145 per square foot across 8,858 sq ft of total area. This cost per square foot is above the county median of $120 for similar new construction filings in Collin County. The scheduled build window of 501 days was also longer than the county median of 212 days, reflecting the scale of the multi-building development.

Columbus Realty Partners served as the owner and developer of record for this privately funded project. JHP Architecture + Urban Design was the firm of record responsible for the design. Richard N Haight was the registered accessibility specialist associated with the filing. This places the development in an area not considered high-risk for major flooding according to federal mapping data.

Columbus Realty Partners has registered five other projects with TDLR, totaling nearly $40 million in estimated costs. These include multifamily developments in Frisco and a large project in Plano known as Columbus Plano Legacy West. JHP Architecture + Urban Design has also registered two other projects, including a multifamily development in McKinney. The presence of these other filings indicates an active portfolio of development activities for both the developer and the design firm in the region.

The ZIP code 75024 has a population of about 45,051 people according to U.S. Census American Community Survey estimates. The median household income in this area is $117,445, and the median owner-occupied home value is $566,200. Housing in this specific ZIP code is noted as being mostly renter-occupied, which aligns with the multi-family nature of the Promontory on Preston development. The project adds to the housing stock available to residents in the Plano area.

Project Details and Status

The TDLR record confirms the project status as closed, with the file closed in February 2024. This status reflects the completion of the regulatory review process for the accessibility features of the new construction. The physical completion of the building and the opening of the leasing office are distinct from the regulatory status, but the closure of the file indicates that the required inspections and reviews were satisfied according to the state record.