{"id":1004694126,"date":"2023-12-14T04:22:04","date_gmt":"2023-12-14T12:22:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004694126"},"modified":"2023-12-19T08:38:24","modified_gmt":"2023-12-19T16:38:24","slug":"trammell-crow-jv-lands-620m-for-dallas-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-jv-lands-620m-for-dallas-mixed-use-project\/","title":{"rendered":"Trammell Crow JV Lands $620M for Dallas Mixed-Use Project"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"736\" height=\"552\" alt=\"Knox Street project rendering\" class=\"wp-block-jetpack-slideshow_image wp-image-1004694132\" data-id=\"1004694132\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-Street-project-rendering-1-e1702540393806.jpg?w=736\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-Street-project-rendering-1-e1702540393806.jpg 736w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-Street-project-rendering-1-e1702540393806.jpg?resize=300,225 300w\" sizes=\"(max-width: 736px) 100vw, 736px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">The Knox Street Development will come online in 2026. Renderings courtesy of Trammell Crow Co.<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1104\" height=\"552\" alt=\"Knox Street project rendering\" class=\"wp-block-jetpack-slideshow_image wp-image-1004694129\" data-id=\"1004694129\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-4.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-4.jpg 1104w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-4.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-4.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-4.jpg?resize=1024,512 1024w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1104\" height=\"552\" alt=\"Knox Street project rendering\" class=\"wp-block-jetpack-slideshow_image wp-image-1004694130\" data-id=\"1004694130\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-3.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-3.jpg 1104w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-3.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-3.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Knox-street-rendering-3.jpg?resize=1024,512 1024w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1104\" height=\"552\" alt=\"Knox Street project rendering\" class=\"wp-block-jetpack-slideshow_image wp-image-1004694131\" data-id=\"1004694131\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/knox-street-rendering-2.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/knox-street-rendering-2.jpg 1104w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/knox-street-rendering-2.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/knox-street-rendering-2.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/knox-street-rendering-2.jpg?resize=1024,512 1024w\" sizes=\"(max-width: 1104px) 100vw, 1104px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>A joint venture of <strong>MSD Partners<\/strong>, <strong>Trammell Crow Co.<\/strong>, <strong>The Retail Connection<\/strong> and <strong>Highland Park Village Associates <\/strong>secured $619.5 million in construction financing for a 1 million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/here-comes-the-neighborhood-mixed-use-projects-bid-to-fit-in\/\">mixed-use development<\/a> in Dallas. <strong>JLL Capital Markets<\/strong> worked on behalf of the borrowers to obtain the loan from <strong>Beal Bank<\/strong>. The 4-acre project, which broke ground earlier this month, is scheduled for delivery in 2026.<\/p>\n<p>The multi-building development will include office, retail, residential and hospitality components. The office segment will span 150,000 square feet across nine stories above 100,000 square feet of retail space on the first and second floor. Office amenities will include a fitness center, tenant lounge and caf\u00e9. <strong>ISN Software Corp<\/strong>. will anchor the building, having leased the top four floors.<\/p>\n<p><strong>Auberge Resorts Collection <\/strong>will manage the Knox Hotel and Residences slated to encompass a 140-key hotel and 48-unit luxury condominiums. Designed by <strong>Martin Brudnizki Design Studio<\/strong>, the hotel will feature a full-floor spa and wellness facility, along with a swimming pool and various bars and restaurants. Condo residents will have access to private amenities such as a clubroom, fitness center and swimming pool. Additionally, the development will include a separate 27-story multifamily building comprising 173 luxury apartments.<\/p>\n<h2>A highly collaborative Dallas project\u00a0<\/h2>\n<p><strong>Stream Realty <\/strong>Vice Chairman Randy Cooper and Managing Director Craig Wilson, along with <strong>CBRE <\/strong>Vice Chairman Jeff Ellerman represented ISN Software in the transaction. A CBRE team led by Senior Vice President David Barnes handles leasing efforts for the rest of the office space. Retail leasing is led by Highland Park Village Managing Director Stephen Summers and Vice President Kaitlin Travis.<\/p>\n<p><strong>Balfour Beatty <\/strong>and <strong>Andres Construction <\/strong>are providing construction services and <strong>HKS <\/strong>is the architect of record. The development also includes a half-acre park designed by <strong>OJB Landscape Architecture<\/strong>. Architecture firms <strong>Woods Bagot <\/strong>and <strong>Kohn Pedersen Fox<\/strong> are the designers for the residential and office components, respectively.<\/p>\n<p>Located in the Knox Street neighborhood, the development will be adjacent to Katy Trail. It will be north of the city\u2019s downtown and within close driving distance of the Dallas Love Field Airport and the Parkland Health general hospital.<\/p>","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets arranged the financing for the 1 million-square-foot development. <\/p>\n","protected":false},"author":3120,"featured_media":1004694132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21825,21752,21742,51973],"tags":[32978,32789,34927,32796,33717,51830,33358,32893,38810],"class_list":["post-1004694126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-finance","category-mixed-use","category-latest","category-southwest","tag-balfour-beatty-construction","tag-cbre","tag-hks","tag-jll","tag-kohn-pedersen-fox","tag-ojb-landscape-architecture","tag-stream-realty-partners","tag-trammell-crow-company","tag-woods-bagot"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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Renderings courtesy of Trammell Crow Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-jv-lands-620m-for-dallas-mixed-use-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trammell Crow JV Lands $620M for Dallas Mixed-Use Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2","name":"Radu Corfus","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","caption":"Radu Corfus"},"description":"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. 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