Elm Creek Real Estate - L2 Remodel

The Elm Creek Real Estate - L2 Remodel at 16803 Dallas Parkway in Addison is a $1,785,000 interior renovation of a 21,410-square-foot office space. This project involves the finish-out of the second level only within an existing three-story building. The scope of work includes the demolition of old office partitions to make way for a new office finish-out, affecting interior walls and specific restroom finishes but leaving the existing public restrooms otherwise intact.

Elm Creek Real Estate serves as the owner of record for this privately funded development on private land. The design work was handled by KH Architects PLLC. The project was registered with the Texas Department of Licensing and Regulation (TDLR) in November 2022, with plan review completed in the same month. Construction was scheduled to begin in December 2022 and finish in June 2023, representing a 182-day build window.

Project Scale and Cost

The estimated cost of $1,785,000 places this renovation above the median cost for similar projects in Dallas County. The median estimated cost for renovation and alteration filings in the county is $248,000, with the middle half ranging from $120,000 to $590,000. This project’s size of 21,410 square feet is also significantly larger than the county median of 4,226 square feet. The computed cost of $83 per square foot is above the county median of $72 per square foot. The scheduled build window of 182 days is longer than the county median of 92 days.

Elm Creek Real Estate has four other TDLR-registered projects totaling $2,520,000. These include a project at Sunland Park Mall in El Paso, a Main Event project in Brownsville, a project at 4452 Alpha Road in Farmers Branch, and a project at 5800 Democracy Dr in Plano. Other registered projects in the Addison area include The Madision, Custer Four Corners Limited, Westgrove/ Bent Tree Plaza, Padel39 Carrollton, and Btii, LP.

Current Status

TDLR completed plan review in November 2022 and construction was scheduled to finish in June 2023; TDLR has not yet recorded a final inspection, so the current state of the site is not confirmed in the public record. The TDLR status is listed as Review Complete. A Business Journals article from November 4, 2022, listed the project with a start date of December 1, 2022. The area is in ZIP code 75001, which has a population of about 16,808 and a median household income of $82,577 according to U.S. Census estimates.