Therapy Center in Plano, TX

Eldoridge Plaza, Building 2 at 3174 S.Ridge Road Suite 240 in Plano, Texas, is a new construction project focused on finishing and painting a 1,128 sq ft space. The filing identifies the intended use as a Therapy Center, a designation that aligns with the specific scope of work authorized by the Texas Department of Licensing and Regulation (TDLR). The estimated cost for this interior work is $90,000, which calculates to $80 per square foot.

Hale Equity, LLC is listed as the owner and developer of record for this project located in Collin County. Corinthian Design Assocaiates, LLC is the design firm of record, while Fred Dean Shinault serves as the registered accessibility specialist. The project is privately funded on private land for private use. TDLR completed the plan review process in January 2025, establishing the regulatory baseline for the construction activities that followed.

Construction Timeline and Scope

Construction was scheduled to begin in February 2025, with a planned completion date of June 2025. The scope of work is strictly limited to finishing and painting, indicating that the structural shell and major mechanical systems were likely addressed in prior phases or separate filings. The scheduled build window for this specific phase was 120 days, which is shorter than the 212-day median build window for new construction projects in Collin County. This efficiency is consistent with the project's cost profile, which sits below the county median estimated cost of $800,000 for similar new construction filings.

The estimated cost of $90,000 places this project in the bottom quarter of cost estimates for new construction in the region. Similarly, the $80 per square foot cost is below the county median of $121 per square foot. These figures suggest a straightforward interior fit-out rather than a complex structural build. The project is part of a broader development area that includes other registered projects such as Raising Cane's DRSO and HEB Corp#790, though those are classified as renovations or alterations rather than new construction.

Although the scheduled completion date of June 2025 has passed, TDLR has not yet recorded a final inspection for this project. This means the current state of the site is not confirmed in the public record. The absence of a final inspection record prevents definitive verification that the finishing and painting work has been completed to code. Readers should note that construction status and business opening are distinct; the TDLR record reflects regulatory compliance for construction, not operational status.

The area surrounding this project, ZIP code 75024, has a population of about 45,051 according to U.S. Census ACS 2023 five-year estimates. The median household income in this ZIP code is $117,445, and the median owner-occupied home value is $566,200. Housing in this area is mostly renter-occupied, with approximately 20,362 housing units. The local labor market shows a Collin County unemployment rate of 4.4 percent which is lower than a year earlier. These demographic and economic factors provide context for the private, market-based nature of the Eldoridge Plaza development.