Teel Plaza 3 - Retail Building

3840 W. University Drive, Prosper, TX, 75078

Opening ~Dec 2026Review Complete

Teel Plaza 3 - Retail Building is a new construction project at 3840 W. University Drive, Prosper, in Denton County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Dec 2026. The project has an estimated value of $4.1M across about 21,750 sq ft.

Estimated project value: $4.1M; 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: 21,750 ft²; About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
Estimated cost / ft²: $189/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: 1 year; 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.

Oct 21, 2025406 days across supplied datesDec 1, 2026

Project registeredOct 21, 2025 · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
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Scheduled construction startDec 1, 2025 · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
41 days after the preceding date shown.
Source: TDLR filing
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Review completeMay 15, 2026 · TDLR filing
The filing records completion of the accessibility review.
165 days after the preceding date shown.
Source: TDLR filing
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Scheduled completionDec 1, 2026 · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
200 days after the preceding date shown.
Source: TDLR filing
View source record

Review Complete

Design review complete, construction may proceed

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Teel Plaza 3 - Retail Building is a New Construction project located at 3840 W. University Drive, Prosper, TX 75078 in Prosper, Texas. The project has an estimated value of $4.1M covering 21,750 sq ft. Vinessa Properties LP is the property owner and Hodges Architecture is the design firm of record. The project was registered with TDLR on October 21, 2025.

Frequently Asked Questions

What is Teel Plaza 3 - Retail Building?

Teel Plaza 3 - Retail Building is a new construction project at 3840 W. University Drive in Prosper, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: New commercial retail shell building and site work.

Is Teel Plaza 3 - Retail Building open in Prosper?

Teel Plaza 3 - Retail Building is still under construction in Prosper, TX, with an estimated completion of Dec 2026 according to its TDLR registration.

Where is Teel Plaza 3 - Retail Building located?

Teel Plaza 3 - Retail Building is located at 3840 W. University Drive, Prosper, TX, 75078, in Denton County.

Who is the owner or developer of Teel Plaza 3 - Retail Building?

Vinessa Properties LP is the property owner/developer of record for Teel Plaza 3 - Retail Building, per its TDLR project registration.

Who is the architect or design firm for Teel Plaza 3 - Retail Building?

Hodges Architecture is the design firm of record for Teel Plaza 3 - Retail Building, according to its TDLR filing.

How much does Teel Plaza 3 - Retail Building cost and how big is it?

Teel Plaza 3 - Retail Building has an estimated construction value of $4.1M and approximately 21,750 square feet (about $189/sqft), based on its TDLR filing.

Scope of Work

New commercial retail shell building and site work.

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.