Key Takeaways
- • Hines, the Houston-based developer, investor and property manager, acquired nine Bishop Arts District properties in Dallas for more than $170 million, according to the Dallas Morning News; the transaction closed Sept. 30, 2026.
- • The portfolio includes 539 multifamily units and roughly 49,000 square feet of retail space, with apartments about 95% leased and retail about 98% leased across 22 tenants.
- • The purchase includes the building housing Lucia, a Michelin Bib Gourmand-recognized Italian restaurant, alongside other notable tenants such as Written by the Seasons, Paradiso, Bar Eden Lounge and Village Baking Co.
- • Hines will assume existing leases, and the company told the Dallas Morning News the sale will not affect current restaurant and retail operations.
- • County tax records indicate all or part of the properties are owned by entities tied to Dallas-based Exxir Capital, the seller side of the transaction.
Summary
Hines, the Houston-based developer, investor and property manager, has acquired nine properties in Dallas' Bishop Arts District for more than $170 million, according to The Dallas Morning News. The acquisition, which Hines Global Trust Inc. announced on a Tuesday, closed on September 30. The deal covers a mix of residential and retail assets in one of the city's most established mixed-use neighborhoods.
The residential component includes four apartment properties with 539 total units: Bishop North at 200 N. Bishop Ave. (246 units), Bishop Canopy at 515 W. 10th St. (141 units), Bishop Flats at 305 and 431 Melba St. (118 units), and Treehaus at 211 W. 10th St. (34 units). The apartments are about 95% leased. The retail component comprises roughly 49,000 square feet across several addresses on N. Bishop Avenue, Melba Street and W. Ninth Street, and is about 98% leased to 22 tenants, including restaurants, boutiques and other businesses.
The most prominent retail tenant is Lucia, an Italian restaurant that has earned Michelin Bib Gourmand recognition and James Beard attention. Other tenants include Michelin-recommended Written by the Seasons, Paradiso, Bar Eden Lounge and Village Baking Co. Hines will inherit the existing leases, and the company told the Dallas Morning News that the sale will not affect current operations.
According to county tax records, all or part of the properties are owned by entities with ties to Dallas-based Exxir Capital. Corbin Eckel, managing director at Hines, said in a statement that Bishop Arts is a "special place" and that the firm plans to build on the previous ownership's foundation. "Our goal is to synergize the residential and retail components in ways that serve residents, businesses, and the broader district as it enters its next chapter," Eckel said.
The residential component includes four apartment properties with 539 total units: Bishop North at 200 N. Bishop Ave. (246 units), Bishop Canopy at 515 W. 10th St. (141 units), Bishop Flats at 305 and 431 Melba St. (118 units), and Treehaus at 211 W. 10th St. (34 units). The apartments are about 95% leased. The retail component comprises roughly 49,000 square feet across several addresses on N. Bishop Avenue, Melba Street and W. Ninth Street, and is about 98% leased to 22 tenants, including restaurants, boutiques and other businesses.
The most prominent retail tenant is Lucia, an Italian restaurant that has earned Michelin Bib Gourmand recognition and James Beard attention. Other tenants include Michelin-recommended Written by the Seasons, Paradiso, Bar Eden Lounge and Village Baking Co. Hines will inherit the existing leases, and the company told the Dallas Morning News that the sale will not affect current operations.
According to county tax records, all or part of the properties are owned by entities with ties to Dallas-based Exxir Capital. Corbin Eckel, managing director at Hines, said in a statement that Bishop Arts is a "special place" and that the firm plans to build on the previous ownership's foundation. "Our goal is to synergize the residential and retail components in ways that serve residents, businesses, and the broader district as it enters its next chapter," Eckel said.
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