DALLAS--(BUSINESS WIRE)--Southern Land Company (SLC), a national real estate developer of award-winning mixed-use developments and master-planned communities, hosted a grand opening event at its new luxury multifamily high-rise, Novē at Knox, on Wednesday, May 12. The community was developed in partnership with KBS, one of the largest owners of real estate in the U.S.
SLC employees and partners who were part of the development project attended a reception on the property’s fourth-floor pool deck and resident lounge to celebrate the milestone, marking the completion of the project.
While Novē at Knox began welcoming residents in the fall of 2020, SLC held off on having a grand opening celebration due to the pandemic.
“It has been almost five years since we first recognized the tremendous opportunity to provide a unique luxury housing solution in this part of Dallas, and it has been several months since we welcomed the first residents into Novē at Knox during a year that nobody could have predicted,” said Tim Downey, founder and CEO of SLC. “It feels great to finally put a feather in the cap of this project and have a proper celebration. We are proud of this property and look forward to being part of the growth and future of the vibrant Knox-Henderson area.”
Following brief remarks from Downey, guests enjoyed food and drinks provided by G Texas Catering and live music performed by Fort Worth-based duo Danni + Kris. Additionally, guests were given tours of the property by Novē’s leasing team, providing them with a first look at Novē’s amenity spaces, model apartment homes, and penthouses.
SLC planned the grand opening in partnership with event management group CSI DMC.
Novē at Knox is the first and only apartment complex in KBS’ Dallas-area portfolio. The company currently manages eight best-in-class office properties in the Dallas/Fort Worth region.
“Novē at Knox is an excellent example of KBS’ expertise in strategically finding the right companies to partner with for multifamily projects,” says Brett Merz, asset manager for Novē at Knox and senior vice president at KBS. “This grand opening event emphasizes the growing demand for luxury apartment units in the Dallas area.”
Novē at Knox was designed by local firm GDA Architects. The 310-unit, 19-story property boasts a variety of luxury in-home amenities, including high-efficiency stainless steel appliances, personal washers and dryers, granite countertops, 10-foot ceilings, and floor-to-ceiling windows providing sweeping views of the city. Additional amenities available to all residents include 10,000 square feet of private open space connected to McKinney Avenue; a resort-style pool on the fourth floor with a large sundeck, outdoor kitchen, and private cabanas; a full fitness center and yoga studio; a dog park and washing station; and 24-hour concierge service.
SLC developed and operates other multifamily and single-family communities in neighboring Collin County, including Morada Plano and Tucker Hill (McKinney). Additionally, SLC developed and sold multifamily communities Junction 15 (Plano) and The Lofts at Watters Creek (Allen). SLC plans to break ground on a luxury high-rise multifamily project in Fort Worth later this year.
About Southern Land Company
Southern Land Company is a national real estate developer headquartered in Nashville, TN, with regional offices in New York City, Denver, CO, and Vallejo, CA. Founded by CEO Tim Downey in 1986, the company upholds stringent standards for design and quality in their single-family, multifamily, mixed-use, and hospitality developments. The fully integrated company combines a comprehensive set of services spanning the entire development cycle, including planning, design, construction, and marketing. The holistic business model enhances innovation and long-term viability on which investors, residents, and partners can rely. The current project pipeline is valued at over $2 billion. To learn more visit www.southernland.com.
KBS is one of the largest owners of premier commercial real estate in the nation. As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $43 billion on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. The firm is committed in its business ethics, its business relationships and its constant focus on exceeding the expectations of its investors, partners and tenants. Registration as an investment adviser does not imply any particular level of skill or training. For more information on KBS, please visit www.kbs.com.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS’ ability to invest in and manage a diverse portfolio, and the performance of Novē at Knox and of the Dallas real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’ and/or Novē at Knox’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.