Funding type
This project is privately funded, on private land for private use.
The Vaults in Midland, TX
207 Corporate Drive, Midland, TX, 79705
The Vaults is a new construction project at 207 Corporate Drive, Midland, in Midland County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Apr 2027. The project has an estimated value of $11.3M across about 93,500 sq ft.
- Estimated project value
- $11.3M
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
- 93,500 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $121/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
- 1y 1mo
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.
3 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
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.
30 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.
375 days after the preceding date shown.
Source: TDLR filing
View source record
📰About The Vaults
The Vaults LLC is developing a new 93,500-square-foot storage facility at 207 Corporate Drive in Midland. This new construction project, located in the Corporate Plaza area of Midland County, features storage units with mezzanines and is privately funded on private land. The registered accessibility specialist for the project is Richard Todd Lozano.
Project Scope and Design
The filing identifies the owner as Mallard Land Development LLC and the design firm as NC Sturgeon, LP. The estimated cost for the development is $11,300,000, which equates to $121 per square foot. The scope explicitly includes the construction of storage units with mezzanines, a feature that distinguishes this facility from standard ground-level storage options.
NC Sturgeon, LP has a history of working on various projects in the region. Their other TDLR-registered projects include Adoration Chapel in Midland, Optimus Physical Therapy in Odessa, St. Stephen's Catholic Church in Midland, United Way of Midland, Inc, and Mission Agape in Midland. These projects range from $250,000 to $2,500,000 in estimated cost.
Timeline and Construction Status
The project was registered with TDLR in March 2026. According to the filing, construction is scheduled to begin in April 2026. Plan review is pending, and the completion date is targeted for April 2027. This represents a scheduled build window of 375 days.
In comparison to other new construction filings in Midland County, this project’s estimated cost is above the county median. The scheduled build window is longer than the county median of 243 days. However, the cost per square foot of $121 is below the county median of $167. The project is privately funded and intended for private use.
The area surrounding the site includes businesses such as Abacus Computers Inc and Walgreens. The ZIP code 79705 has a population of about 44,516, with a median household income of $105,106. The median owner-occupied home value in the area is $329,300, and housing is predominantly owner-occupied.
Project Registered
Project has been registered with TDLR and is in pre-construction phase
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The Vaults is a New Construction project located at 207 Corporate Drive, Midland, TX 79705 in Midland, Texas. The project has an estimated value of $11.3M covering 93,500 sq ft. Mallard Land Development LLC is the property owner and NC Sturgeon, LP is the design firm of record. The project was registered with TDLR on March 16, 2026.
Frequently Asked Questions
Where is The Vaults LLC located in Midland?
The project is located at 207 Corporate Drive, Midland, TX 79705, in the Corporate Plaza area of Midland County.
What is the size of the new storage facility?
The facility will be 93,500 square feet and will include storage units with mezzanines.
Who is the owner of The Vaults LLC project?
Mallard Land Development LLC is the owner or developer of record for this project.
Is The Vaults LLC open for business?
The project is in the construction planning phase. It is not open for business yet, with completion targeted for April 2027.
What is The Vaults?
The Vaults is a new construction project at 207 Corporate Drive in Midland, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: 93,500 SF Storage units with Mezzanines
Is The Vaults open in Midland?
The Vaults is still under construction in Midland, TX, with an estimated completion of Apr 2027 according to its TDLR registration.
Where is The Vaults located?
The Vaults is located at 207 Corporate Drive, Midland, TX, 79705, in Midland County.
Who is the owner or developer of The Vaults?
Mallard Land Development LLC is the property owner/developer of record for The Vaults, per its TDLR project registration.
Who is the architect or design firm for The Vaults?
NC Sturgeon, LP is the design firm of record for The Vaults, according to its TDLR filing.
How much does The Vaults cost and how big is it?
The Vaults has an estimated construction value of $11.3M and approximately 93,500 square feet (about $121/sqft), based on its TDLR filing.
Scope of Work
93,500 SF Storage units with Mezzanines
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
207 Corporate Drive, Midland, TX, 79705
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