Preston Groves Phase 1 Bldg.3 in Frisco, TX

Building 3 at 14175 Preston Road in Frisco is a 92,161 sq ft concrete tilt wall shell structure that has completed its construction phase. The project, filed as Preston Groves Phase 1 Bldg.3, passed its final TDLR accessibility inspection in August 2026, confirming that the physical work is finished. This new construction project was privately funded and developed by FTC Preston Groves Ph 1, L.P. on private land in Collin County.

Project Scope and Design

The building was designed by Azimuth Architecture, a firm with a portfolio of other commercial projects in the Dallas-Fort Worth area. The scope of work specified a new concrete tilt wall shell, a construction method known for its speed and structural integrity. With an estimated cost of $10,072,706, the project reflects a significant investment in the local commercial infrastructure. This cost places the project above the median estimated cost for new construction filings in Collin County, which stands at $800,000 according to TDLR data.

Construction began in December 2024, following plan review completion in November 2024. The scheduled build window was 545 days, which is longer than the county median of 212 days for similar projects. The cost per square foot was calculated at $109, a figure that is close to the county median of $121. The registered accessibility specialist for this project was Mary Rae Davies, ensuring compliance with state standards during the build-out.

Context and Location

This project is one of several under the same ownership, with FTC Preston Groves Ph 1, L.P. holding three other TDLR-registered projects in Frisco. These include Building 1 and Building 2, both of which have also completed their inspections, and a separate Preston Groves Bldg 3 entry with a lower estimated cost. The area, ZIP code 75035, is a predominantly owner-occupied residential and commercial zone with a median household income of $161,030, according to U.S. Census estimates.

The completion of this 92,161 sq ft structure adds to the growing inventory of commercial space in Frisco. While the TDLR record confirms the building is structurally complete and accessibility-compliant, it does not indicate the specific tenant or business that will occupy the space. The project stands as a testament to the ongoing development in Collin County, where new construction costs and sizes vary widely but consistently reflect the region's economic activity.