Frost Bank - Granbury Financial Center

Frost Bank is constructing a new financial center at 3904 East US Highway 377 in Granbury. The project involves the new construction of a 5,390 sq ft facility that includes drive-thru Motor Bank lanes. The estimated cost for this build is $12,000,000, which equates to $2,226 per square foot. TDLR completed plan review in August 2026 and construction is scheduled to finish in July 2027, with work starting September 2026.

Project Scope and Design

The owner of record is Frost Bank, which is privately funding the project on private land. Grace Design Studios, LLC serves as the design firm of record for this development. Bonita L Anderson is the registered accessibility specialist listed for the project. The scope of work specifically includes the construction of the new bank structure and the associated drive-thru banking infrastructure.

Context and Comparisons

This $12,000,000 investment is above the county median for new construction filings in Johnson County. The median estimated cost for similar projects in the area is $760,000. The scheduled build window of 329 days is longer than the county median of 222 days. The cost per square foot of $2,226 is significantly above the county median of $133 per square foot.

Frost Bank has six other TDLR-registered projects totaling $39,270,000. These include financial centers in Burleson, Brenham, Marble Falls, and Dallas, as well as a project in Boerne. Grace Design Studios, LLC has six other registered projects totaling $28,240,000, including work on Leddy's Garage in Fort Worth and the Ennis Shopping Center.

Granbury is located in Johnson County with a population of about 30,911. The median household income for the 76049 ZIP code is $103,239. The median owner-occupied home value is $329,200. The Johnson County unemployment rate was 4.4 percent in June 2026, which is higher than a year earlier.