Wednesday, February 05, 2014

Knox Street redevelopment to include apartments, shops, Trader Joe's


REAL ESTATE EDITOR
 
The new Knox Street development will include luxury apartments, shops and a Trader Joe's grocery store.
The new Knox Street development will include luxury apartments, shops and a Trader Joe's grocery store.Hill & Wilkinson

After more than a year of speculation, details are out for the new retail and residential development planned for Dallas’ Knox Street district.
Contractor Hill & Wilkinson distributed plans for the project on Monday.
The building at Cole and Armstrong avenues is to be developed by Dallas’ Sarofim Realty Partners and Lincoln Property Co.
The mixed-use development will include a Trader Joe’s grocery store and replaces the old Ed Kellum & Son appliance retail location and two restaurants on Cole. The buildings have been vacated and are awaiting demolition.
Sarofim has declined to comment on the development.
But Richardson-based contractor Hill & Wilkinson said the building at 4501 Cole will cost $38.6 million and will include a six-story, 165-unit luxury rental building on top of the retail.
“The Lincoln Knox apartments are a natural extension of this upscale, walk-able neighborhood and will offer outstanding amenities,” Hill & Wilkinson’s Jay Graham said in a statement.
The project will include “a specialty grocery store, as well as other high-end retail shops,” the contractor said.
Real estate brokers identified Trader Joe’s months ago as the primary tenant of the ground-floor shopping space. And the drawing of the building has a Trader Joe’s sign out front.
Construction on the project will start this month and will be done in September 2015.
Womack + Hampton Architects LLC is the architect for the development.
Sarofim is already working on one Knox district project. It’s a partner with Mill Creek Residential Trust in an another apartment community under development on North Central Expressway just north of Knox.