Preston Corner Retail Building Lot 5 in Celina, TX

Preston Corner Retail Building Lot 5 is a new construction project located at 4340 S. Preston Rd in Celina, Texas. The development involves the construction of a retail shell building covering 8,207 sq ft. The estimated cost for this specific phase of work is $1,500,000, which translates to a cost of $183 per square foot. The project is privately funded on private land for private use.

The owner of record is PF20 Development LLC. Jeffrey A Gutknecht is the registered accessibility specialist associated with this filing. The project was registered with TDLR in August 2026. According to the filing, construction start is scheduled for October 2026, and completion is targeted for April 2027. The current status of the project is Project Registered, with plan review still pending.

Project Context and Comparison

This development is part of a broader retail initiative in Celina. PF20 Development LLC has one other TDLR-registered project, Preston Corner Retail Building Lot 9, which totals $1,750,000 and is also in the project registered status.

Within Collin County, this project’s estimated cost is above the county median for new construction filings. The median estimated cost for similar filings is $800,000, with a middle half range of $250,000 to $2,500,000. The median size for these filings is 7,048 sq ft, and the median cost per square foot is $120. The scheduled build window for this project is 182 days, which is close to the county median of 212 days.

The surrounding area, identified by ZIP code 75009, has a population of about 30,257 according to U.S. Census ACS 2023 five-year estimates. The median household income in this area is $166,064, and the median owner-occupied home value is $471,300. Housing in this region is predominantly owner-occupied. The Collin County unemployment rate was 4.6 percent in July 2026, which is higher than a year earlier.