Funding type
This project involves public funds, public land, or is a Federally funded roadway project.
Princeton Point
NE corner of FM 982 and FM 546, Princeton, TX, 75407
Princeton Point is a new construction project at NE corner of FM 982 and FM 546, Princeton, in Collin County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Nov 2027. The project has an estimated value of $300K across about 327,459 sq ft.
- Estimated project value
- $300K
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 327,459 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $1/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 1y 8mo
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
4 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
138 days after the preceding date shown.
Source: TDLR filing
View source recordReview complete · TDLR filing
The filing records completion of the accessibility review.
170 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
440 days after the preceding date shown.
Source: TDLR filing
View source record
📰About Princeton Point
Princeton Point is a new multifamily development located at the northeast corner of FM 982 and FM 546 in Princeton, Texas. The project consists of 360 units spread across 14 residential buildings, along with a clubhouse, 9 garages, and 16 carports. TDLR completed plan review in August 2026 and construction is scheduled to finish in November 2027, with work starting March 2026.
The site covers 327,459 square feet, a scale significantly larger than the typical new construction filing in Collin County. The estimated cost for this specific TDLR registration is $300,000, which is below the county median of $800,000 for similar new construction projects. This low cost per square foot, calculated at $1, reflects the nature of the registration rather than the total development value, as the scope involves a large-scale residential complex.
Development Details and Ownership
Journeyman is the owner and developer of record for Princeton Point. The company has two other TDLR-registered projects in Austin, Springdale Manor and Avery Oaks, both of which are closed. The project involves public funds, public land, or is a Federally funded roadway project, according to the filing details. Jeffrey A Gutknecht is the registered accessibility specialist associated with this work, ensuring compliance with state standards for accessibility in the built environment.
Local coverage from The Real Group noted that Journeyman plans to break ground immediately on the project, with construction expected to take about two years. This aligns with the TDLR timeline, which spans from March 2026 to November 2027. The scheduled build window of 610 days is longer than the county median of 212 days for new construction, reflecting the complexity of building 14 separate residential structures and associated amenities.
The development is situated in ZIP code 75407, where the U.S. Census estimates a population of approximately 28,931. Median household income in the area is $92,076, and the median owner-occupied home value is $307,500. The housing stock in Princeton is predominantly owner-occupied, making the addition of 360 new multifamily units a notable shift in the local housing market. Nearby registered projects include SEC Custer Frontier, Ltd., City Futsal Allen, and Blue Ridge Intermediate School, indicating a period of active construction in the region.
Review Complete
Design review complete, construction may proceed
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Princeton Point is a New Construction project located at NE corner of FM 982 and FM 546, Princeton, TX 75407 in Princeton, Texas. The project has an estimated value of $300K covering 327,459 sq ft. Journeyman is the property owner. The project was registered with TDLR on October 14, 2025.
Frequently Asked Questions
When is Princeton Point scheduled to finish construction?
Construction is scheduled to finish in November 2027. Work is set to start in March 2026, following the completion of TDLR plan review in August 2026.
Who is the developer of Princeton Point?
Journeyman is the owner and developer of record. They have previously completed two other TDLR-registered projects in Austin, Springdale Manor and Avery Oaks.
What is the scope of the Princeton Point project?
The project includes a multifamily site with 360 units, 14 residential buildings, a clubhouse, 9 garages, and 16 carports. The total area is 327,459 square feet.
Is the project currently open for residents?
No, the project is under construction. TDLR status is Review Complete, and the building phase is ongoing with a completion date of November 2027.
What is Princeton Point?
Princeton Point is a new construction project at NE corner of FM 982 and FM 546 in Princeton, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Multifamily site with 360 units, 14 residential buildings, clubhouse, 9 garages and 16 carports
Is Princeton Point open in Princeton?
Princeton Point is still under construction in Princeton, TX, with an estimated completion of Nov 2027 according to its TDLR registration.
Where is Princeton Point located?
Princeton Point is located at NE corner of FM 982 and FM 546, Princeton, TX, 75407, in Collin County.
Who is the owner or developer of Princeton Point?
Journeyman is the property owner/developer of record for Princeton Point, per its TDLR project registration.
How much does Princeton Point cost and how big is it?
Princeton Point has an estimated construction value of $300K and approximately 327,459 square feet (about $1/sqft), based on its TDLR filing.
Scope of Work
Multifamily site with 360 units, 14 residential buildings, clubhouse, 9 garages and 16 carports
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
NE corner of FM 982 and FM 546, Princeton, TX, 75407
Related Projects
Same Owner
$1.82B totalWatch all construction in 75407 (Princeton)
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