AMLI Devlopment Company LLC Expansion in Addison, TX

Liberty Plaza II at 5057 Keller Springs Road, Suite 410, in Addison, Texas, has completed an interior renovation of its office space. The project, filed under the name AMLI Devlopment Company LLC Expansion, involved alterations to 2,808 square feet of existing high-rise office area. The building passed its final TDLR accessibility inspection in March 2026, confirming that the construction work is complete.

The renovation was estimated at a cost of $70,000, which translates to $25 per square foot. This figure is notably below the median cost per square foot for similar renovation and alteration projects in Dallas County, which stands at $72. The total estimated cost also falls in the bottom quarter of comparable filings in the county, where the median project cost is $249,000. The scheduled build window for this project was 59 days, shorter than the county median of 92 days for similar work.

FSP Liberty Plaza Limited Partnership is the owner of record for this project. The design firm of record is Go Studio, which has registered six other TDLR projects totaling $4,192,000 in Dallas, Plano, and Austin. These include projects such as Willow Bend Office Center I in Plano and Las Cimas III in Austin. The registered accessibility specialist for this renovation is Fred Dean Shinault.

The project was registered with TDLR in January 2026. Plan review was completed in February 2026, and construction began in the same month. The filing indicated an April 2026 completion date, but the record shows the final inspection was passed in March 2026.

Local Context and Market Position

Liberty Plaza II is situated in ZIP code 75001, an area with a population of approximately 16,808 according to U.S. Census American Community Survey 2023 five-year estimates. The median household income in this ZIP code is $82,577, and the median owner-occupied home value is $455,800. Housing in this area is predominantly renter-occupied, with 10,590 housing units reported. Third-party sources like CoStar have noted that Foundation Energy maintains a lease at Liberty Plaza II, while Holt Lunsford Commercial reported that Forward Financial Inc. signed a 6,600-square-foot lease at the property in January 2025.

The Dallas County labor market showed an unemployment rate of 3.3 percent in July 2026, a figure higher than a year earlier according to FRED data. This renovation project fits within the broader commercial real estate activity in the Addison area, where office spaces are frequently leased and modified to meet tenant needs. The specific scope of work here was limited to the interior renovation of the existing office space, ensuring compliance with accessibility standards as verified by the completed TDLR inspection.