A joint venture partnership of MSD Partners, Trammell Crow Company, The Retail Connection and Highland Park Village Associates announced that construction has begun on a new expansive mixed-use development in Dallas' Knox Street neighborhood.
The development is located on four acres adjacent to the iconic Katy Trail and neighboring Highland Park and is scheduled to open in 2026. When completed, it will total 1 million square feet of world-class mixed-use space. said the developer. The property will include a luxury hotel and condominiums, a 27-story apartment building, two-story retail stores, restaurants, and his nine-story office, including his half-acre park connected to the Katy Trail. It will be.
Joel Behrens, managing director of Trammell Crow in Dallas, said the development will “preserve and enhance the authentic character of Knox Street, amplify and extend its connection to the Katy Trail, and create new and exciting uses.” “It represents our team's vision to strategically add new experiences and experiences.” to solidify this area as one of the most prestigious shopping, dining and residential districts in the country. ”
“With an array of premium offerings in an irreplaceable location, this project is positioned to fill a void in the Dallas market and address the unmet demand for world-class mixed-use space in the city,” Behrens said in a statement. I added it.
Plano-based Beer Bank is providing construction financing for the project.
“We are excited to partner with a world-class sponsorship team to fund this one-of-a-kind mixed-use development in Texas’ backyard,” Andy Beal, founder and president of Beer Bank, said in a statement. “There is,” he said. “We strongly believe this project will create a new standard of luxury in one of Dallas' most vibrant neighborhoods, and we are proud to be a part of it.”
Components of the Knox Street mixed-use development
The Knox Hotel and Residences
Managed by the Auberge Resorts Collection of hotels, resorts and residences, Knox Hotel and Residences will feature a 140-room hotel and 48 ultra-luxury condominiums ranging from 2,500 square feet to more than 15,000 square feet.
The hotel was designed by Martin Brudnicki Design Studio and features a full-floor spa and wellness facility connected to a restaurant, bar, lounge, extensive event space, and an outdoor pool and bar with expansive views of downtown Dallas. included. The residences were designed by Dallas-based interior designer Chad Dorsey and feature private living amenities including a club room, bar and lounge, entertainment space, fitness center, and indoor pool.
Allie Beth Allman & Associates was the listing agent for the home and oversaw the launch of a “highly successful” presale, the developers said.
housing complex
The development will include 27 storeys, 173 apartments with expansive amenity spaces, “ultra-luxury” interiors and oversized balconies.
ISN Software Corp. will be based in the office space.
The development's 150,000-square-foot office building on Knox Street will rise nine stories above two floors of retail and restaurants, developers said. Dallas-based ISN Software Corporation will anchor the office building and lease the top four floors. Craig Wilson and Randy Cooper of Stream and Jeff Ellerman of CBRE represented his ISN Software. Office amenities include a fitness center with premium locker rooms, a tenant lounge, and a cafe. The CBRE team, led by Dennis Burns, is responsible for leasing the remaining office space, developers said.
Merchandise sales space and restaurant space
The Knox Street development will feature more than 100,000 square feet of retail and restaurant space on the first and second floors and will feature local and national “best-in-class” businesses to provide shopping, art and cuisine. It will be rented to a combination of people. , a health and wellness experience.
Stephen Summers and Caitlin Travis of Highland Park Village Associates are leading retail leasing for the project, which is already underway, developers said.
half acre park
The development will be centered around a half-acre park that connects directly to the Katy Trail, developers said.
development team members
The design team for the Knox Street project is led by the New York offices of Australia-based Woods Bagot and New York-based Kohn Pederson Fox. Woods Bagot leads in hotel and residential, multifamily, and retail design. KPF designs boutique office buildings.
Dallas-based HKS serves as a record builder. OJB Landscape Architecture is leading the design of the development's green spaces.
Balfour Beatty and Andres Construction are providing construction services for the development, developers said.
JLL Capital Markets acted as financial advisor to the joint venture regarding construction financing.
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