Construction has begun on a sprawling new mixed-use development in the Knox Street neighborhood of Dallas, the joint venture partnership of MSD Partners, Trammell Crow Co., The Retail Connection, and Highland Park Village Associates announced.
The development sits on a four-acre site adjacent to the iconic Katy Trail and the neighboring town of Highland Park and is expected to open in 2026. Once completed, it will total 1 million square feet of world-class mixed-use space, the developers said. It will feature a luxury hotel and condominiums, a 27-story multifamily building, nine floors of offices above two stories of retail, restaurants, and a half-acre park connected to the Katy Trail.
Joel Behrens, managing director with Trammell Crow in Dallas, said the development “represents our team’s vision to preserve and enhance the authentic character of Knox Street, amplify and expand upon its connection to the Katy Trail, and strategically add new and exciting uses and experiences to solidify the neighborhood as one of the most recognizable shopping, dining, and residential districts in the country.”
“With its array of premier offerings in an irreplaceable location, this project is positioned to fill a void in the Dallas market and cater to the unmet demand for world-class, mixed-use space in the city,” Behrens added in a statement.
Plano-based Beal Bank is providing the construction financing for the project.
“We’re excited to be associated with a world-class sponsorship team to finance this one-of-a-kind multi-use development in our own backyard of Texas,” Beal Bank founder and President Andy Beal said in a statement. “We believe strongly that this project will create a new standard of luxury in one of Dallas’s 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 hotel, resort, and residence operator Auberge Resorts Collection, the 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 is designed by Martin Brudnizki Design Studio It will include restaurants, bars and lounges, expansive event spaces, and a full-floor spa and wellness destination connected to an outdoor pool and bar with expansive views of downtown Dallas. The residences are designed by Dallas-based interior designer Chad Dorsey and will feature private residential amenities including a clubroom, a bar and lounge, entertaining spaces, a fitness center, and an indoor pool.
Allie Beth Allman & Associates is the listing agent for the residences and has overseen a “highly successful” pre-sale launch, the developers said.
The development will include a 27-story, 173-unit multifamily building featuring expansive amenity spaces, “ultra-luxury” interiors, and oversized balconies.
Office space to be anchored by ISN Software Corp.
Fronting Knox Street, the development’s 150,000-square-foot office building will rise nine stories above two floors of retail and restaurants, the developers said. Dallas-based ISN Software Corp. will anchor the office building, leasing the top four floors. Stream’s Craig Wilson and Randy Cooper and CBRE’s Jeff Ellerman represented ISN Software. Office amenities will include a fitness center with high-end locker rooms, a tenant lounge, and a café. A CBRE team led by Dennis Barnes is handling leasing for the remaining office space, the developers said.
Retail and restaurant space
The Knox Street development will have more than 100,000 square feet of ground-floor and second-story retail and restaurant space that will be leased to a mix of local and national “best-in-class” operators to bring in shopping, art, culinary, and health and wellness experiences.
Stephen Summers and Kaitlin Travis with Highland Park Village Associates are leading the retail leasing for the project, which is already underway, the developers said.
Developers said the development will be anchored by a half-acre park with a direct connection to the Katy Trail.
Development team members
The Knox Street project’s design team is led by the New York office of Australia-based Woods Bagot and New York-based Kohn Pederson Fox. Woods Bagot is leading the design of the hotel and residences, multifamily residential building, and retail. KPF is designing the boutique office building.
Dallas-based HKS is serving as the architect of record. OJB Landscape Architecture is leading the design of the development’s green space.
Balfour Beatty and Andres Construction are providing construction services for the development, developers said.
JLL Capital Markets served as financial adviser to the joint venture regarding the construction financing.
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