Retail Building Renovation

Construction is scheduled to finish in December 2026 for the Shops at Spring Creek, a 14,900 sq ft retail renovation at 4000 Spring Creek Pkwy in Plano. The project involves converting an existing CVS pharmacy into a shell building for multi-tenant retail spaces, with work starting in February 2026. This transformation is part of a broader effort to update the commercial landscape in Collin County, where the site is located within a densely populated area with a median household income of $117,445 according to U.S. Census estimates for ZIP 75024.

Benchmark Equity LLC is the owner of record for this privately funded project. The design firm of record is D1 Architect & Associates Inc., which has registered six other projects in Texas totaling $12,891,044, including developments in Argyle, Flower Mound, and Garland. Sheri Bumgardner serves as the registered accessibility specialist for this filing. The estimated cost for the renovation is $500,000, which translates to $34 per square foot. This cost per square foot is below the county median of $77 for similar renovation and alteration filings, although the total estimated cost is above the county median of $220,000 for this type of work.

Project Scope and Timeline

The scope of work includes exterior facade renovation and interior demolition of the existing pharmacy. The TDLR completed plan review in December 2025, and the project is in the pre-construction phase. The scheduled build window is 319 days, which is longer than the county median of 92 days for comparable projects. This extended timeline reflects the complexity of converting a single-tenant pharmacy into a multi-tenant retail shell, requiring significant structural and mechanical updates to accommodate future tenants.

Nearby businesses include Patel Brothers, Lonestar Dental Group Plano, and Walmart Supercenter, indicating a well-established commercial corridor. The area profile suggests a strong local market for retail services, with housing in ZIP 75024 mostly renter-occupied and a median owner-occupied home value of $566,200. The Collin County unemployment rate was 4.6 percent in July 2026, higher than a year earlier, which may influence local hiring for construction roles.

Shops at Spring Creek is not the only renovation in the vicinity; nearby registered projects include Raising Cane's DRSO, HEB Corp#790, and QuikTrip #934. These concurrent developments suggest a period of active commercial investment in the Plano area. The project’s registration with TDLR ensures compliance with state accessibility standards, a critical consideration for any new retail space intended for public access.