Weir’s Plaza: A New Mixed-Used Development Transforms Knox Street Property

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.

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.

READ NEXT  Upward & Onward: Development Moves Forward In Dallas-Fort Worth

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.

Weir’s Plaza
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.

Weir’s Plaza [Rendering: GFF]

Anatomy of a Deal

Here are five notable projects underway:

The Link

2601 Olive Street, Dallas
Delivering: Fall 2021
Read more.

Phase IV, The Star

Cowboys Way, Frisco
Delivering: Late 2021
Read more.

Pegasus Park

3000 Pegasus Park Drive, Dallas
Delivering: Spring 2021
Read more.

Alliance Center North 7

Litsey Road and Beach Street, Fort Worth
Delivering: Fall 2020
Read more.

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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