Trammell Crow Company Teams with Northwestern Mutual on Dallas Mixed-Use Property
- Dec 18, 2014
Dallas—High Street Residential, the residential subsidiary of Trammell Crow Company, has teamed with Northwestern Mutual Real Estate to develop Knox Heights, a Class A, six-story, mixed-use project featuring 182 luxury residential units and ground-floor retail and restaurants in Dallas’ popular Knox Street Corridor.
“High Street Residential specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities,” Joel Behrens, Trammell Crow Company’s senior vice president, tells MHN. “This opportunity will enable us to replace five aging buildings with shops, restaurants and apartments that will add to the walkability and vibrancy of the neighborhood.”
Situated on 1.3 acres, Knox Heights will feature 13,500 square feet of ground floor retail, a 2,400-square-foot fitness facility and lounge, and a 4,500-square-foot amenity deck and pool overlooking McKinney Avenue. The project will also include a three-level subterranean garage providing an ample amount of parking for both the retail and residential components.
Situated between Uptown and Highland Park, proximate to the Katy Trail, on McKinney Avenue, the project is ideally situated to appeal to a wide demographic that will enjoy the organic character and walkability of the neighborhood.
“In a district that is defined by its abundance of retail amenities, Knox Heights will do its part to add to the retail base; as a result, increasing the desirability of the district and the property in particular,” Behrens says. “The western facing second-level amenity deck will provide the residents with great exposure to the sun while also marketing the property to pedestrians walking on the sidewalk to one of the retailers within the property.”
The development team will design the project with sustainable components and seek national green certification. Construction is scheduled to commence in 2015.