Construction has started on a 4-acre mixed-use development in the Knox Street neighborhood of Dallas, according to a Dec. 5 news release.

What you need to know

The development is expected to open in 2026 and will feature 1 million square feet of mixed-use space, including:
  • The Knox Hotel and Residences
  • Office space
  • Retail and restaurant space
  • Multifamily residential space
  • A park
MSD Partners, Trammell Crow Company, The Retail Connection and Highland Park Village Associates are partnering in a joint venture for the project, according to the news release. Plano-based Beal Bank provided construction financing.

"We are excited to be associated with a world-class sponsorship team to finance this one-of-a-kind multiuse development in our own backyard of Texas,” said Andy Beal, Beal Bank founder and president, 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."

The specifics

The Knox Hotel and Residences will be managed by Auberge Resorts Collection, a hospitality company headquartered in California. The hotel will hold 140 rooms and 48 luxury condos ranging between 2,500-15,000 square feet.

Martin Brudnizki Design Studio designed the hotel, which will include restaurants, bars, event spaces, and a full-floor spa and wellness center. Dallas-based interior designer Chad Dorsey designed the residences, which will include private amenities, such as a clubroom, a bar and lounge, entertainment spaces, a fitness center, and an indoor pool.

The development includes a 150,000-square-foot office building fronting Knox Street. Dallas-based ISN Software Corporation will anchor the building, having already leased the top four floors.

The office amenities will include a fitness center, a tenant lounge and a cafe.

Also of note

Retail leasing is already underway for more than 100,000 square feet of retail space in the development. Space will be leased to a mix of national and local businesses to bring in shopping, art, culinary, and health and wellness experiences, according to the news release.

The development will also include a 27-story multifamily building equipped with 173 units as well as amenity spaces, luxury interiors and balconies.

The development will also include a half-acre park with direct connection to Katy Trail.

Quote of note

“Knox Street 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,” Trammell Crow Managing Director Joel Behrens said in a statement. “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.”