Another big swing is hitting the Knox District.
Dallas-based Trammell Crow Company is leading a group of local real estate players, including Ray Washburne’s Highland Park Village Associates, to develop a 12-story office building on the site of Chuy’s Tex-Mex restaurant at 4544 McKinney Avenue, with an eye toward delivery in 2028.
Dubbed Knox & McKinney, the 300,000-square-foot building will include ground-floor retail space at the southeast corner of Knox Street and McKinney Avenue, the Dallas Morning News reported.
The CBRE-owned developer signed a long-term ground lease for the site alongside co-partners BDT & MSD Partners, Washburne’s firm and The Retail Connection.
Chuy’s will close permanently at the end of service on Saturday, after more than three decades in Uptown. The restaurant plans to relocate to 1520 Greenville Avenue, taking over the former Desert Racer space.
The high-end office project is another phase in a broader Knox District revitalization led by the same investor group.
Trammell Crow and its partners are also behind the Knox Street Development, a 4-acre, 1-million-square-foot mixed-use project under construction just blocks away. That development includes 150,000 square feet of office space, which is 100 percent pre-leased to tenants including ISN Software and law firm Paul Hastings.
The development comes amid early signs of life in Dallas-Fort Worth’s office market.
The region posted positive net absorption in the first quarter for the first time in over two years, according to Cushman & Wakefield, a trend led in part by demand for next-generation, Class A space in walkable urban districts.
— Judah Duke
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