Rio Bank Jackson

Rio Bank is constructing a new 19,000 sq ft commercial facility at 720 East Jackson Avenue in McAllen, Texas. The project involves new construction and site improvements for office and retail banking services, including a drive-through lane. The estimated cost for this build is $5,300,000, which translates to $279 per square foot.

The project was registered with TDLR in September 2026, and plan review is pending. Construction is targeted for May 2027. The filing indicates a scheduled build window of 242 days. This timeline is close to the county median of 212 days for similar new construction projects in Hidalgo County.

Project Details and Cost Context

Rio Bank is the owner of record for this privately funded development on private land. BRW Architects serves as the design firm of record. Asa Joel Meyer is the registered accessibility specialist. The estimated cost of $5,300,000 is above the county median for its type, placing it in the top quarter of Hidalgo County filings. The per-square-foot cost of $279 is also above the county median of $100.

Rio Bank has six other TDLR-registered projects totaling $11,442,400. These include locations in Brownsville, Edinburg, and McAllen. BRW Architects has six other TDLR-registered projects totaling $37,082,150, including facilities in Killeen, Huffman, and Dallas. The Rio Bank Jackson project adds to the bank's presence in the Rio Grande Valley region.

Local Market Context

The project is located in ZIP code 78501. U.S. Census ACS 2023 five-year estimates for this area show a population of about 59,095. The median household income is $49,451, and the median owner-occupied home value is $149,000. The area has 24,807 housing units with an even mix of owner- and renter-occupied households. Hidalgo County unemployment rate was 6.8 percent in July 2026, higher than a year earlier.