RETAIL/SHOPPING CENTER in Celina, TX

A new retail and shopping center structure is under development at the intersection of Aubrey Parkway and FM 1385 in Celina, Texas. The project, identified as Block a, LOT 3. Building 02, involves the architectural design of a shell structure building totaling 15,470 square feet. This single, cohesive envelope is dedicated to retail and shopping center space within the Mustang Addition area of Denton County.

The estimated cost for this new construction is $1,933,000, which works out to $125 per square foot. The project is privately funded and located on private land for private use. The owner and developer of record is 1385 Rainbow LLC, which also holds a registration for an adjacent building, Building 01, Block a, LOT 03, valued at $1,260,000. This suggests a coordinated development effort in the area.

Design and Construction Details

Design Group, LLC serves as the design firm of record for this project. The firm has six other TDLR-registered projects across Texas, including locations in Frisco and Haltom City. The registered accessibility specialist for this specific filing is Blair Baker. The scope of work explicitly covers the architectural design of the shell structure, preparing it for future tenant fit-out.

The project was registered with the Texas Department of Licensing and Regulation in October 2026. Plan review is pending, and the scheduled completion date is targeted for July 2027. This represents a scheduled build window of approximately 273 days. Compared to the 4,522 new construction filings in Denton County, this project's cost is above the county median of $900,000, while its size of 15,470 square feet exceeds the median of 8,010 square feet.

The surrounding ZIP code 76227 has a population of about 55,437 and a median household income of $107,065 according to U.S. Census estimates. The housing stock is predominantly owner-occupied, with a median home value of $376,200.