DALLAS — Read this story and more North Texas business news from our partners at the Dallas Business Journal At the convergence of the affluent enclave of Highland Park and the vibrant Uptown neighborhood is a small but popular district tapping into both those worlds. It's now largely controlled by some of the biggest names in Dallas real estate and finance. Knox Street, spanning about a half mile from Central Expressway to Abbott Avenue, is lined with luxury retailers and high-end restaurants as well as offices and homes.
Since 2018, a joint venture between Michael Dell-affiliated investment firm BDT & MSD Partners and local firms Trammell Crow Co., The Retail Connection and Highland Park Village Associates has been assembling properties throughout the district. Many previously belonged to Sarofim Realty Advisors, a subsidiary of Houston-based Fayez Sarofim & Co.
"We didn’t want to just buy an office building or buy a piece of retail," said Sabrina Gleizer, managing director for BDT & MSD Partners. "We wanted to buy something large, something at scale, something that really speaks to the kind of capital we have, which is long-duration placemaking capital, where we buy iconic real estate and create something truly differentiated." Stephen Summers, managing director of Highland Park Village Associates, said the partnership owns about 14 acres on Knox Street, on both its north and south sides — what he estimated to be about 70% of the properties along Knox.
That includes .