Knox Street Mixed-Use Development in Dallas Reaches Major Construction Milestone with Topping Out

The joint venture partnership of BDT & MSD Partners (“BDT & MSD”), Trammell Crow Company (“TCC”), Highland Park Village Associates, and The Retail Connection (“the JV”) today announced the topping out of its Knox Street mixed-use development in Dallas, Texas. Spanning more than one million square feet, the project will deliver 150,000 square feet of office space, 100,000 square feet of retail, a 27-story, 186-unit apartment tower, a half-acre park with a direct connection to the Katy Trail, and The Knox Hotel and Residences, a 140-room hotel and 47 ultra-luxury condominiums operated by Auberge Collection.

“Reaching this milestone at Knox Street is a testament to the dedication and collaborative spirit of the entire development team,” said Joel Behrens, Market Leader for TCC Dallas-Fort Worth. “It’s incredibly rewarding to see the project's vision, which we've been working on for so long, finally take shape. This mixed-use development is poised to become a vibrant hub for the community, offering a unique blend of retail, residential, and office spaces. We're excited to contribute to the continued growth and dynamism of the Knox Street neighborhood, and we're confident that this project will enhance the experience for residents and visitors alike when it delivers later this year.”

“From the beginning, we set out to thoughtfully assemble a mix of exceptional uses, partners, and experiences that would feel enduring and deeply rooted in the neighborhood," said Sabrina Gleizer, Partner at BDT & MSD. "That approach is reflected in how the district is now coming together, and we’re excited to see Knox Street take shape in a way that will serve the community for decades to come.”

One of the first buildings to deliver this summer will be the 27-story, 186-unit ultra-luxury multifamily rental tower, The Lora. Its name draws from the Spanish word lora, an homage to the bright green monk parakeets, originally native to South America, who are now beloved residents of the Katy Trail bordering the site. The Lora will offer a mix of one-, two-, three and four-bedroom units ranging from 800 to over 3,500 square feet. Designed by the internationally acclaimed architecture firm Woods Bagot, The Lora is distinguished by a sculptural façade of warm, earth-toned precast concrete articulated through generous arches framing each residence. These architectural gestures subtly reference the site’s history along the Missouri–Kansas–Texas Railroad line, grounding the building within Knox Street’s layered heritage. Learn more at www.TheLora.com

Upon arrival, residents of The Lora will find themselves immersed in one of Dallas’s most thoughtfully curated retail and dining environments. In June 2025, celebrated Italian hospitality group Sant Ambroeus announced Knox Street as the location of its first Texas outpost. Anchoring the base of The Lora and overlooking Knox Street Park, the restaurant will offer all-day dining, an elegant café, and dedicated outdoor patio seating. In December 2025, a highly anticipated collection of lifestyle retail brands confirmed their plans to open locations at Knox Street, three of which would be making their Texas debuts. These retailers include DÔEN, STAUD, TOTEME and TWP.

Set to debut in late 2026, The Knox Hotel and Residences is already emerging as one of Dallas’ most coveted luxury addresses, with the private residences nearly sold out well ahead of completion. Operated by the prestigious Auberge Collection, the hotel features a 140-room hotel and 47 ultra-luxury condominiums ranging from 2,500 to over 15,000 square feet. Designed by the internationally acclaimed Martin Brudnizki Design Studio, the hotel will feature signature restaurants, bars, lounges, expansive event spaces, and a full-floor spa and wellness retreat connected to an outdoor pool and bar with sweeping views of Downtown Dallas. The residences, designed by Dallas-based interior designer Chad Dorsey Design, will include exclusive private amenities such as a clubroom, bar and lounge, entertainment spaces, fitness center, and indoor pool. Residential sales are led by Allie Beth Allman & Associates. Learn more at https://www.aubergeresorts.com and https://www.theknoxresidences.com.

The nine-story, 150,000-square-foot office building, 3333 Knox, is also scheduled for delivery in late 2026 and has been 100% preleased since fall 2024. Anchor tenant ISN Software Corporation will be joined by Paul Hastings LLP and BDT & MSD.

More highly anticipated announcements in the coming months will unveil first-to-market brands and premier dining concepts coming to Knox Street. Retail leasing is led by Stephen Summers and Kaitlin Travis of Highland Park Village Associates. For retail leasing inquiries, please email [email protected].

About BDT & MSD Partners
BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families, and businesses, as well as by its differentiated capital base and culture of aligned investing. Through an affiliated investment adviser, BDT & MSD has invested in or manages approximately $17 billion of real estate equity and credit. The firm is also a developer and operator of world-class, one-of-a-kind luxury hospitality and residential real estate, conceived, designed, and executed by its vertically integrated team from the ground up. Its portfolio includes the Four Seasons Maui at Wailea and Four Seasons Hualalai in Hawaii, Four Seasons Vail, The Boca Raton, the Waldorf Astoria Washington D.C., and multiple large-scale developments, notably the newly-opened Naples Beach Club (Four Seasons Resort and Four Seasons and Discovery Land Company Residences and Club) and the soon-to-open Knox Street in Dallas, anchored by an Auberge Collection Hotel and Residences. For more information, visit www.bdtmsd.com.