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’s under development by Trammell Crow Company (TCC), MSD Partners, Highland Park Village Associates, and The Retail Connection.

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.

The office building accounts for 150,000 square feet of top-tier Dallas office space 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 café. In total, the four-acre development will incorporate 1 million square feet of built space and a landscaped plaza. It’s expected to open in 2026.

“We 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,” said Andy Beal, founder and president of Beal Bank. “We believe strongly that this project will create a new standard of luxury in one of Dallas’ most vibrant neighborhoods, and we are proud to be a part of it.”

“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,” said Joel Behrens, managing director at TCC. “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.”

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