Funding type
This project is privately funded, on private land for private use.
Caris Life Sciences at Pegasus Park
3020 Pegasus Park Drive, Dallas, TX, 75238
Caris Life Sciences at Pegasus Park is a renovation/alteration project at 3020 Pegasus Park Drive, Dallas, in Dallas County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Feb 2027. The project has an estimated value of $180K across about 16,000 sq ft.
- Estimated project value
- $180K
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
- 16,000 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $11/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
- 5 months
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.
24 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.
145 days after the preceding date shown.
Source: TDLR filing
View source record
📰About Caris Life Sciences at Pegasus Park
Caris Life Sciences is executing a tenant fit-out of 16,000 square feet at 3020 Pegasus Park Drive in Dallas, transforming an existing structure into a dedicated office and laboratory environment. The project, filed under the name Pegasus Bridge Labs, is registered with TDLR and is targeted for February 2027. The work involves renovation and alteration of the interior space to support life sciences operations.
Project Specifications and Scope
The estimated cost for this renovation is $180,000, which equates to $11 per square foot. This figure is below the median estimated cost of $248,661 for renovation and alteration filings in Dallas County over the last 24 months. The scheduled build window is 145 days, which is longer than the county median of 92 days for similar projects.
Bridge Labs Dallas, LLC is the owner of record for this development. The company has one other TDLR-registered project in Dallas, the UDX Expansion, which has a value of $1,800,000 and has completed review. SmithGroup serves as the design firm of record. The firm has six other TDLR-registered projects totaling $25,819,969, including facilities in Tyler, Denton, Roanoke, Houston, and Shenandoah. Marcela Abadi Rhoads is the registered accessibility specialist for this specific filing.
Location and Market Context
The project is situated in ZIP code 75238, a census area with a population of approximately 33,439 residents. The median household income in this area is $75,498, and the median owner-occupied home value is $526,100. The housing stock is an even mix of owner- and renter-occupied units. The Dallas County unemployment rate was 3.3 percent in July 2026, a figure higher than the rate a year earlier. This project is privately funded and located on private land for private use.
Plan review for the project is pending. Construction is scheduled to begin in September 2026. The TDLR status is listed as Project Registered. The scope of work is strictly limited to the tenant fit-out of the 16,000 square feet designated for office and laboratory use within the existing building structure.
Project Registered
Project has been registered with TDLR and is in pre-construction phase
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Caris Life Sciences at Pegasus Park is a Renovation/Alteration project located at 3020 Pegasus Park Drive, Dallas, TX 75238 in Dallas, Texas. The project has an estimated value of $180K covering 16,000 sq ft. Bridge Labs Dallas, LLC is the property owner and SmithGroup is the design firm of record. The project was registered with TDLR on August 31, 2026.
Frequently Asked Questions
What is the primary scope of work for this project?
The project involves a tenant fit-out of 16,000 square feet of an existing building. The work creates office and laboratory environments for Caris Life Sciences at the Pegasus Park location in Dallas.
Who is the design firm for this renovation?
SmithGroup is the design firm of record. They have six other TDLR-registered projects in Texas, including facilities in Tyler, Denton, Roanoke, Houston, and Shenandoah.
Is the project located in a flood zone?
It is located in zone X according to the FEMA National Flood Hazard Layer data for the site coordinates.
Who is the owner of record?
Bridge Labs Dallas, LLC is the owner of record. They have one other TDLR-registered project in Dallas called the UDX Expansion, which is valued at $1,800,000 and has completed review.
What is the estimated cost per square foot?
The estimated cost is $11 per square foot. This is below the county median of $72 per square foot for renovation and alteration filings in Dallas County.
What is Caris Life Sciences at Pegasus Park?
Caris Life Sciences at Pegasus Park is a renovation/alteration project at 3020 Pegasus Park Drive in Dallas, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Tenant fit-out of 16,000 sf of an existing building with office and laboratory environments.
Is Caris Life Sciences at Pegasus Park open in Dallas?
Caris Life Sciences at Pegasus Park is still under construction in Dallas, TX, with an estimated completion of Feb 2027 according to its TDLR registration.
Where is Caris Life Sciences at Pegasus Park located?
Caris Life Sciences at Pegasus Park is located at 3020 Pegasus Park Drive, Dallas, TX, 75238, in Dallas County.
Who is the owner or developer of Caris Life Sciences at Pegasus Park?
Bridge Labs Dallas, LLC is the property owner/developer of record for Caris Life Sciences at Pegasus Park, per its TDLR project registration.
Who is the architect or design firm for Caris Life Sciences at Pegasus Park?
SmithGroup is the design firm of record for Caris Life Sciences at Pegasus Park, according to its TDLR filing.
How much does Caris Life Sciences at Pegasus Park cost and how big is it?
Caris Life Sciences at Pegasus Park has an estimated construction value of $180K and approximately 16,000 square feet (about $11/sqft), based on its TDLR filing.
Scope of Work
Tenant fit-out of 16,000 sf of an existing building with office and laboratory environments.
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
3020 Pegasus Park Drive, Dallas, TX, 75238
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