{"id":2487,"date":"2024-01-03T14:57:35","date_gmt":"2024-01-03T14:57:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=2487"},"modified":"2024-01-18T07:50:08","modified_gmt":"2024-01-18T07:50:08","slug":"knox-street-project-619m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/knox-street-project-619m-construction-loan\/","title":{"rendered":"Trammel Crow Knox Street Project Gets $619M Construction Loan"},"content":{"rendered":"

Plano, Texas-based private financial institution Beal Bank recently announced that it had originated construction financing of more than $619 million for the Uptown Dallas project that\u2019s under development by Trammell Crow Company (TCC), MSD Partners, Highland Park Village Associates, and The Retail Connection.<\/p>\n

Located next to the iconic Katy Trail and the nearby town of Highland Park, the Knox Street mixed-use development will deliver a nine-story office building with ground-floor and second-story retail and restaurant space, as well as a 140-key hotel. Plans also call for a residential component that will include a 173-unit multifamily tower rising nearly 30 stories.<\/p>\n

The office building accounts for 150,000 square feet of top-tier Dallas office space<\/a> above two floors of more than 100,000 square feet of retail and restaurants. Locally based ISN Software Corporation has signed on as anchor office tenant and has leased the top four floors. Amenities at the boutique office building include a fitness center with high-end locker rooms, a tenant lounge, and a caf\u00e9. In total, the four-acre development will incorporate 1 million square feet of built space and a landscaped plaza. It\u2019s expected to open in 2026.<\/p>\n

\u201cWe are 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,\u201d said Andy Beal, founder and president of Beal Bank. \u201cWe believe strongly that this project will create a new standard of luxury in one of Dallas\u2019 most vibrant neighborhoods, and we are proud to be a part of it.\u201d<\/p>\n

\u201cKnox Street represents our team\u2019s 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,\u201d said Joel Behrens, managing director at TCC. \u201cWith 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.\u201d<\/p>\n

Looking for office space for rent opportunities in Dallas or other top markets? Select any of the locations linked below or visit the CommercialSearch <\/a><\/em>home page to start your search!<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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The project will deliver a nine-story building incorporating 150,000 square feet of new boutique Dallas office space on top of two stories of retail and dining, in addition to a 140-key hotel, and a residential component. <\/p>\n","protected":false},"author":48,"featured_media":183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":["post-2487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office-news"],"acf":[],"yoast_head":"\nKnox Street Project Gets Construction Loan | CommercialCafe<\/title>\n<meta name=\"description\" content=\"The Knox Street mixed-use project kicks off with a $619 million construction loan, is expected to deliver new trophy Dallas office space in 2026.\" \/>\n<meta name=\"robots\" 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