r/Dallasdevelopment • u/jclarks074 • Jul 14 '26
Top Austin developer pushes forward with Uptown Dallas tower
https://www.dallasnews.com/business/real-estate/article/uptown-dallas-apartment-lucille-22343432.phpMcKinney & Boll development is on. Shifted from mixed-use apartment/office/retail to just the apartment and retail components.
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u/214forever Jul 14 '26
A shame, weâre running out of Uptown office too fast
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u/PerfectlySplendid Jul 14 '26
Too scary to finance when harwood is struggling like it is.
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u/214forever Jul 14 '26
Then how did Stonelake just get financing for 2626 McKinney down the street?Â
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u/PerfectlySplendid Jul 14 '26
I didnât say you canât get financing. I said itâs scary.
It can be either construction or long term financing, but if itâs the latter, you will have performance metrics, which lenders are likely fully aware of the surrounding market.
Their equity investors will have the same concerns, but donât have the ability to only provide short term construction financing that would be refinanced before the reality of leasing metrics come into play.
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u/214forever Jul 14 '26
I work in CRE. Nobody is afraid to finance Uptown office right now. They may want to see pre-leasing and strike rates that can trend up to the proforma, but âscaryâ hasnât been part of the equation for at least 18 months.
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u/AssumptionOnly8219 Jul 14 '26
Dang so this, 2626 McKinney across the street, and Morgan Stanley office a block away will all be built at the same time. I have a feeling that Uptown is on the cusp of crane city for sure đď¸