Harwood Seeks New Partners To Recapitalize As Y’all Street Takes Shape

By Billy Wadsack / May 2, 2025 / Bisnow

Harwood Seeks New Partners To Recapitalize As Y’all Street Takes Shape

As Y’all Street gets more crowded, one Dallas-based developer is on the hunt for partners to grow the Harwood District in the heart of the burgeoning financial center.

Harwood International announced Friday that it would work with longtime adviser Newmark to recapitalize its office portfolio and the next phase of development within its 30-plus acre master-planned community. 

“Uptown Dallas is Dallas’ most vibrant and sought after mixed-use location commanding the highest office and multifamily rental rates in the city,” Harwood International co-President Alexis Barbier-Mueller said in a statement.

“With the opening of the Goldman Sachs project in 2027 and the establishment of the Texas Stock Exchange, we are confident in the continued growth of the Harwood District, which we view as the ‘Capital Corridor’ within Y’all Street.”

With investors like BlackRock and Citadel Securities, the Dallas-based Texas Stock Exchange started the rise of Y’all Street last year when it raised $120M to create an alternative to the New York Stock Exchange and Nasdaq. TXSE aims to host its first listings in 2026 and establish its headquarters in the heart of Dallas, including executive offices, a conference center and a broadcast center.

The existing securities exchanges followed so they wouldn’t be left out of the Texas heat, with the NYSE announcing in February that it would reincorporate its Chicago branch in Dallas and Nasdaq announcing in March that it was planning a regional headquarters in the city that would serve the entire Southeast. 

Leasing activity in the 19-block Harwood District surpassed 342K SF and scored more than $200M in transactions last year. The mixed-use district’s occupancy rate has been over 90% historically, but that’s balanced with a high walkability score and two access points to the Katy Trail. 

Newmark has worked with Harwood International for more than 15 years and will help find equity and debt partners to support the growth of the district as Dallas-Fort Worth prepares for the opening of the TXSE as well as hosting nine matches of the 2026 FIFA World Cup.

“As the city of Dallas has grown, the world has paid attention,” Newmark Executive Vice Chairman Bill Fishel said in a statement. “With investors’ interest peaking in Dallas and particularly its Uptown, we know this unique opportunity to invest in the best submarket in Texas will attract a global audience.”

The impending rise of Y’all Street is also expected to attract more companies to North Texas.

Relocations to the Lone Star State have cooled since the turn of the decade, but 2024 was the first year since 2021 that Texas corporate relos inched up, and site selection experts say 2025 is slated to come in hot.