Allen Retail Center

The Allen Retail Center is a new construction project located at the intersection of SH 121 and Custer Road in Allen, Texas. The scope of work involves constructing two new retail shell buildings with a total area of 32,557 square feet. The project is registered with TDLR and is targeted for March 2027.

Custer HEB Retail LLC is the owner and developer of record for this privately funded development on private land. The estimated cost for the construction is $5,500,000, which calculates to $169 per square foot. This cost per square foot is above the county median of $120 for similar new construction filings in Collin County. The total estimated cost is also above the county median for this type of project.

The site is situated within a FEMA Special Flood Hazard Area, specifically designated as zone AE within a floodway. This designation is based on the site coordinates in the FEMA National Flood Hazard Layer. The project was registered with TDLR in August 2026, with a scheduled construction start date of October 2026. The filing indicates a completion date of March 2027, resulting in a scheduled build window of 151 days, which is shorter than the county median of 212 days.

Local Context and Market Data

The Allen area, specifically ZIP code 75013, has a population of approximately 48,557 people according to U.S. Census ACS 2023 five-year estimates. The median household income in this ZIP code is $151,618, and the median owner-occupied home value is $561,000. Housing in the area is mostly owner-occupied, with 18,341 housing units recorded. The Collin County unemployment rate was 4.6 percent in July 2026, higher than a year earlier.

Jeffrey A Gutknecht is the registered accessibility specialist for this project. Third-party sources, such as Weitzman Group, have listed retail space in Allen for lease, though these listings refer to existing properties and do not confirm the status of this specific new construction. The project remains in the registration phase with plan review pending.