When the Weir family and their development partners, Four Rivers Capital, wanted to set about transforming the Knox Street property Weir’s Furniture had occupied for seven decades, it went to Duncan Fulton of GFF for help.
The goal was to create a vertical mixed-use development that would not only fit within the neighborhood built around a new 43,000-square-foot flagship store, but also preserve the existing façade of the historic Highland Park Soda Fountain building and find a way to integrate the two.
The result is a 12-story, 297,000-square-foot redevelopment underway at the high-profile corner of Knox and Travis streets in Dallas. Along with the Weir’s Furniture store, it includes 12,500 square feet of street-level retail space and 250,000 square feet of Class AA office space. A six-level underground parking garage will accommodate up to 800 vehicles and be shared by the mixed-use functions.
Knox and Travis Streets, Dallas
Delivering: Late 2021
With a dearth of office space in the neighborhood, the project set a record for preleasing, winning a three-floor lease from Kirkland & Ellis—one of the country’s largest law firms—and from coworking giant WeWork, which signed on for another three floors.
Weir’s Plaza is among other urban infill projects in the charming Knox Street district between East Dallas and the Park Cities. Several multifamily communities are in the works, and The Retail Connection has teamed up with billionaire Michael Dell to acquire dozens of buildings and land along the eastern edge of Highland Park.
Along with views of the downtown Dallas skyline, access to bountiful surrounding shops and restaurants, and close proximity to the Katy Trail, tenant amenities at Weir’s Plaza include greenscape areas and a resort-style fitness center. Construction is expected to wrap up at the end of 2021.
Anatomy of a Deal
Here are five notable projects underway:
Ben Swanger contributed to this story.
A version of this story first published in the Summer 2020 edition of the Dallas-Fort Worth Real Estate Review.
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