Beal Bank has originated a construction and permanent loan of $619.45 million to a development venture for the construction of a mixed-use development in the Knox Street neighborhood of Dallas, located next to the iconic Katy Trail and nearby town of Highland Park. The world-class destination development, expected to open in 2026, is a project of MSD Partners, Trammell Crow Co., Highland Park Village Associates and The Retail Connection. JLL Capital Markets served as financial adviser to the borrower group in connection with the construction financing.
When completed, the project will cover 4 acres and 1 million square feet of prime, upscale, mixed-used retail, office, hotel and residential space, including a 140-key Auberge Resorts Collection luxury hotel, 48 ultra-luxury high-rise for
