Funding type
This project is privately funded, on private land for private use.
Building 2 Shell in Southlake, TX
416 S Nolen Drive, Southlake, TX, 76092
Building 2 Shell is a new construction project at 416 S Nolen Drive, Southlake, in Tarrant County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Nov 2026. The project has an estimated value of $1.3M across about 5,970 sq ft.
- Estimated project value
- $1.3M
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
- 5,970 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $209/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
- 10 months
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 recordReview complete · TDLR filing
The filing records completion of the accessibility review.
Same day as the preceding date shown.
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.
42 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.
304 days after the preceding date shown.
Source: TDLR filing
View source record
📰About Building 2 Shell
Cornerstone Crossing is a new construction project located at 416 S Nolen Drive in Southlake, Tarrant County. The filing identifies the specific work as the Building 2 Shell, with a total size of 5,970 square feet. The estimated cost for this phase is $1,250,000, resulting in a cost of $209 per square foot.
Third Element Capital LLC is the owner of record for this development. Blake Architects serves as the design firm, a company that has six other TDLR-registered projects totaling $4,570,000 across Texas. Jack Randall Roseberry is the registered accessibility specialist for the project. The site is privately funded and located on private land for private use.
Timeline and Regulatory Status
The project was registered with TDLR in December 2025. Plan review was completed in the same month, giving the project a status of Review Complete. Construction is scheduled to start in January 2026 and is scheduled to finish in November 2026. This creates a scheduled build window of 304 days, which is longer than the Tarrant County median of 214 days for similar new construction filings.
The estimated cost of $1,250,000 is above the Tarrant County median of $800,000 for new construction projects registered in the last 24 months. The cost per square foot of $209 is also above the county median of $120 per square foot.
Southlake is a community with a population of about 31,344 and a median household income of $250,001, according to U.S. Census estimates for ZIP code 76092. The area includes existing businesses such as Armend's Pizza & Pasta and Bassett Furniture. A City of Southlake development activity report references zoning changes and site plans for the Cornerstone Crossing business park, which includes the address at 416 S. Nolen Dr.
Review Complete
Design review complete, construction may proceed
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Building 2 Shell is a New Construction project located at 416 S Nolen Drive, Southlake, TX 76092 in Southlake, Texas. The project has an estimated value of $1.3M covering 5,970 sq ft. Third Element Capital LLC is the property owner and Blake Architects is the design firm of record. The project was registered with TDLR on December 4, 2025.
Frequently Asked Questions
Is Cornerstone Crossing open for business?
The TDLR record indicates construction is scheduled to finish in November 2026. It does not confirm that the business is open or operating.
Who is the owner of Cornerstone Crossing?
Third Element Capital LLC is listed as the owner or developer of record for the project in the TDLR filing.
What is the total size of the building?
The filing specifies a total size of 5,970 square feet for the Building 2 Shell.
When does construction start and end?
Construction is scheduled to start in January 2026 and is scheduled to finish in November 2026.
Who is the architect for this project?
Blake Architects is the design firm of record for the Cornerstone Crossing project in Southlake.
What is Building 2 Shell?
Building 2 Shell is a new construction project at 416 S Nolen Drive in Southlake, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Build Shell Building 5970sf
Is Building 2 Shell open in Southlake?
Building 2 Shell is still under construction in Southlake, TX, with an estimated completion of Nov 2026 according to its TDLR registration.
Where is Building 2 Shell located?
Building 2 Shell is located at 416 S Nolen Drive, Southlake, TX, 76092, in Tarrant County.
Who is the owner or developer of Building 2 Shell?
Third Element Capital LLC is the property owner/developer of record for Building 2 Shell, per its TDLR project registration.
Who is the architect or design firm for Building 2 Shell?
Blake Architects is the design firm of record for Building 2 Shell, according to its TDLR filing.
How much does Building 2 Shell cost and how big is it?
Building 2 Shell has an estimated construction value of $1.3M and approximately 5,970 square feet (about $209/sqft), based on its TDLR filing.
Scope of Work
Build Shell Building 5970sf
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
416 S Nolen Drive, Southlake, TX, 76092
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