UCR and Sarofim Realty Advisors have announced the opening of Lululemon, Kate Spade, and Steven Alan on Knox Street in Dallas. The new fashion tenants mark a shift in the Knox Street market, long known for its home-furnishings and restaurant offerings, said Kevin Hickman with Sarofim. “The Knox District is taking strides toward becoming a truly balanced shopping district,” he said.
The area first began to diversify with the addition of an Apple store at McKinney Avenue and Knox Street in 2003. (The store significantly expanded in 2011.) But it was the success of boutiques like Forty Five ten and Octane that proved the demand was there for fashion concepts, too, said Michael Nagy, managing partner at UCR Urban.
“Dallas has lacked a true ‘street shopping’ experience, due to the absence of great clothing, accessories, shoes and other apparel retailers,” he said. “We plan to add a much larger apparel component to the district so that Knox will be thought of in the same vein as Montana Avenue in Santa Monica, Newbury Street in Boston, M Street in D.C. and other nationally-known street retail.”
Nagy says L.A. retailers are starting to take notice, with Jonathan Adler and Steven Alan being two examples of West Coast concepts that have made Dallas their first location outside of Los Angeles. Other tenants in the Knox Street district include Crate and Barrel, Restoration Hardware, Toulouse, and Mr. Mesero.
UCR has been involved with Sarofim and Lynn O’Neil in shaping the new Knox Street—a district that generates sales that top $600 per square foot, said Mickey Ashmore, CEO. “The transformation started in the mid-1990s with Starbucks and Pottery Barn,” he said. “Today Knox Street is Dallas’s only true, organic retail street.”
