Uptown Dallas just got itself a big time investor as Michael Dell has decided to help out with the ongoing redevelopment according to a Dallas Morning News article from March 17 which reports,
“An investment fund created by Austin billionaire Michael Dell is financing Uptown Dallas’ Quadrangle redevelopment.
MSD Partners LP, a New York-based investment company that represents the Dell Technologies CEO and his family, provided the construction financing for the 3.8-acre Quadrangle development, according to Jones Lang LaSalle.
MSD Partners has teamed up with Trammell Crow Co. and The Retail Connection on an even larger mixed-use development on Knox Street that will include luxury residential units, a boutique hotel, retail, offices and a new park.
Dell’s investment firm purchased several blocks of buildings in the Knox Street district at the edge of Highland Park in 2018.”
Just in time, Dallas’ Stream Realty Partners also initiated the project that they have been working on after buying the Quadrangle back in 2019 according to a Rebusiness Online article from March 18. They say,
“Stream Realty Partners has broken ground on The Quad, a 350,000-square-foot project in Uptown Dallas that will consist of a 335,000-square-foot office building and 15,000 square feet of retail and restaurant space. Office amenities will include a fitness center, rooftop terrace, club lounge, conference center and a full acre of outdoor space. Stream acquired the 3.8-acre site, which also houses a 131,000-square-foot office building, in 2019.”
While the project in the Quadrangle is mainly worked on by the Stream Realty Partners, it is one of the two major developments being sponsored and supported by Dell. They are expecting to finish the project before the second quarter of 2024 begins.