Work on the Knox & McKinney office development in Dallas has begun.
Developer Trammell Crow Co. and its partners offered a new look at the property and revealed the building’s first tenant — a law firm that will occupy nearly a third of the tower.
The partnership announced Wednesday that they broke ground on the 12-story Class AA tower at 4544 McKinney Ave. The development will feature 280,000 square feet of office space with 20,000 square feet of curated ground‑floor retail and dining.
The project is a joint venture of BDT & MSD Partners, Trammell Crow Co., the owners of Highland Park Village and The Retail Connection. Construction is expected to finish in 2028.
D-FW Real Estate News
Law firm Jones Day will take 76,000 square feet at the property. The firm was previously slated to move into the delayed Harwood No. 15 tower. Jones Day terminated the Harwood lease, said Matt Kairis, partner-in-charge of the firm’s Texas region.
Knox & McKinney is being designed by Pickard Chilton Architects and HKS Architects. Construction is being handled by DPR Construction.
Financing was provided by Goldman Sachs Alternatives and arranged by JLL. Office leasing is led by Trey Smith, Alexandra Cullins and Julee Amparo of CBRE, with retail leasing overseen by The Summers Group.
Trammell Crow Co. and its partners announced plans for the Knox & McKinney development in April 2025. The office and retail project is being built where Tex-Mex restaurant Chuy’s previously operated for 30 years.
The groundbreaking comes a month after the partnership topped out construction on the 1 million-square-foot Knox Street mixed-use development two blocks west of the office project.
The three-tower development will include 150,000 square feet of office space, 100,000 square feet of retail, a 27-story apartment tower and a half-acre park with direct connection to the Katy Trail, as well as The Knox Hotel and Residences, a 140-room hotel and 47 luxury condominiums operated by Auberge Collection.
Uptown’s soon-to-be tallest tower gets big investment
San Francisco-based firm Sixth Street made a significant investment in Bank of America Tower at Parkside.
The funding is part of a joint venture with Dallas-based developer Pacific Elm. Pacific Elm with continue to lead the project’s development, while Sixth Street’s structured equity investment will recapitalize the tower.
“Bank of America Tower at Parkside reflects our conviction in trophy office located in highly desirable submarkets with limited availability,” Adam Rapport, managing director at Sixth Street. “Uptown Dallas is a notably active office submarket which benefits from one of the lowest Class-AA office vacancy rates in the country outside of New York.”
The 30-story, 500,000-square-foot tower is expected to reach its highest point in June, and construction on the high-rise will likely finish in March 2027.
Bank of America will serve as the tower’s anchor tenant. The investment bank and financial services firm will occupy more than 238,000 square feet on Floors 19 through 27.
The $433 million tower is also the leading candidate to land the Texas Stock Exchange headquarters.
Pecan Square nears full buildout
A 1,200-acre development in Northlake is expecting to reach its full build-out within the next few years.
At full buildout, Pecan Square by Hillwood is expected to have a valuation of $1.7 billion, include more than 3,000 homes and house 10,000 residents, according to a Hillwood news release. Construction started on the master-planned community in 2018.
As part of its final phases of development, Hillwood is introducing more half-acre lots and a new townhome product.
The townhomes are priced in the upper $300,000s, homes on traditional lot sizes are priced in the mid-$400,000s and homes on half-acre lots can have over $1 million price tags, according to the news release.
Pecan Square is a great fit for homebuyers at almost every stage of life and is seeing residents upsize and downsize within the community, said Kim Comiskey, vice president at Hillwood Communities and project manager of Pecan Square.
The development is also expanding its commercial retail space in Pecan Plaza. The expansion includes CVS, Little Caesars Pizza and Hand & Stone Massage and Facial Spa, which are expected to open by the end of the year.
Additionally, Northwest ISD’s Floyd Barksdale Middle School will open in the area in August.