Promontory Retail

Promontory Retail is a new 9,760 sq ft shell retail building located at the southeast corner of Preston and Spring Creek in Plano, Texas. The project is registered with the Texas Department of Licensing and Regulation (TDLR) under the name Building 4 and is privately funded by Promontory LTD. The estimated cost for this construction is $1,700,000, which works out to $174 per square foot. This figure is above the Collin County median of $120 per square foot for similar new construction filings. The building will include site modifications in addition to the main structure.

Project Scope and Design

O'Brien Architects serves as the design firm of record for this development. The scope of work includes the construction of the 9,760 sq ft shell building and associated site improvements. Promontory LTD is the owner of record and has two other TDLR-registered projects in Plano, totaling $3,227,000 in estimated costs. Both of those projects, Building 2 and Building 3, have also completed plan review. O'Brien Architects has six other registered projects across the region, including locations in Fairview, Cypress, Dallas, and Allen.

The project was registered with TDLR in February 2026. Plan review for the accessibility requirements was completed in April 2026. Construction is scheduled to begin in August 2026. The filing indicates a completion date of June 2027, meaning the project is scheduled to finish in June 2027. This creates a scheduled build window of 333 days, which is longer than the county median of 212 days for new construction projects. Jeffery L Kelley is the registered accessibility specialist associated with the filing.

Location and Area Context

The site is situated in ZIP code 75024 in Collin County. According to U.S. Census Bureau American Community Survey estimates for 2023, the area has a population of about 45,051 people. The median household income in this ZIP code is estimated at $117,445. There are approximately 20,362 housing units in the area, with housing described as mostly renter-occupied. The median owner-occupied home value is estimated at $566,200. The Collin County unemployment rate was 4.6 percent in July 2026, which is higher than the rate from a year earlier.

This project represents a private investment in retail infrastructure within the Plano market. The specific location at the intersection of two major roads suggests high visibility for the future tenant. The TDLR status is listed as Review Complete, confirming that the administrative and accessibility review phases are finished. The remaining steps involve physical construction starting in August 2026 and concluding in June 2027. The project is a standalone new construction effort on private land for private use.