RETAIL/SHOPPING CENTER

Building 01, Block a, LOT 03 is a planned 10,087-square-foot retail structure located at the intersection of Aubrey Parkway and FM 1385 in Celina, Texas. The project, registered with the Texas Department of Licensing and Regulation (TDLR) in September 2026, involves the architectural design of a shell structure dedicated to shopping center space within a single, cohesive envelope. Construction is scheduled to begin in October 2026, with completion targeted for April 2027.

The development is owned by 1385 Rainbow LLC, a developer of record that has one other TDLR-registered project in Celina valued at $1,933,000. The estimated cost for Building 01, Block a, LOT 03 is $1,260,000, which translates to $125 per square foot. This figure is close to the Denton County median of $121 per square foot for similar new construction filings, while the total project cost sits above the county median of $900,000.

Design Group, LLC serves as the design firm of record for the project. The firm has six other TDLR-registered projects across Denton County and neighboring areas, totaling $3,843,000, including a pharmacy in Frisco and a convenience store in Haltom City. The registered accessibility specialist for Building 01, Block a, LOT 03 is Blair Baker.

The project is privately funded on private land for private use. The scheduled build window is 182 days, which is close to the county median scheduled build window of 220 days for new construction projects.

Celina, ZIP code 76227, has an estimated population of about 55,437 residents according to U.S. Census ACS 2023 five-year estimates. The median household income in the area is $107,065, and the median owner-occupied home value is $376,200. The housing stock is predominantly owner-occupied, with approximately 20,970 housing units recorded.