Preston Groves Phase 1 Bldg. 2 in Frisco, TX

Building 2 at 14165 Preston Road in Frisco is a 73,598 sq ft new construction project that passed its final TDLR accessibility inspection in August 2026. The structure, filed as Preston Groves Phase 1 Bldg. 2, is a tilt wall shell building owned by FTC Preston Groves Ph 1, L.P. and designed by Azimuth Architecture. With an estimated cost of $8,265,980, the project represents a significant addition to the commercial landscape in Collin County.

Project Scope and Financials

The construction began in December 2024 following plan review completion in November 2024. The filing specifies a new tilt wall shell building with a total area of 73,219 sq ft as described in the scope, while the registered square footage stands at 73,598 sq ft. The estimated cost per square foot is $112, a figure close to the Collin County median of $121 for similar new construction filings. The total investment of $8,265,980 places this project above the county median estimated cost of $800,000, reflecting its scale relative to typical local developments.

Regional Context and Ownership

FTC Preston Groves Ph 1, L.P. is the owner of record for this development, which is part of a larger portfolio that includes three other TDLR-registered projects in Frisco totaling $21,870,524. These include Building 1 and Building 3, both of which have completed inspections, and Preston Groves Bldg 3, which has completed review. Azimuth Architecture, the design firm, has six other registered projects totaling $10,600,000, indicating a consistent presence in the region’s construction market. The project is privately funded on private land for private use, distinct from public infrastructure initiatives.

The scheduled build window for this project was 545 days, which is longer than the Collin County median of 212 days for new construction. This extended timeline aligns with the complexity of a large-scale shell building. The area surrounding 14165 Preston Road in ZIP 75033 has a population of about 50,292 and a median household income of $171,640, according to U.S. Census ACS 2023 estimates. The housing stock in this area is predominantly owner-occupied, with a median owner-occupied home value of $606,500.

Construction status is confirmed as complete, with the final inspection passed in August 2026. The project’s registration with TDLR was finalized in November 2024, and the accessibility specialist of record is Mary Rae Davies. This completion marks the end of the construction phase for this specific building within the Preston Groves Phase 1 development.