Hillwood HCS

A $1,533,110 tenant finish out is underway at The Offices on Katy Trail in Dallas, specifically targeting Suite 380 at 2929 Carlisle Street. This renovation project spans 5,035 square feet of space within the Uptown neighborhood. The work is registered with TDLR under the project name Hillwood HCS and is scheduled to finish in November 2026.

The project involves a renovation and alteration of the existing structure to create specific office configurations. The estimated cost of $1,533,110 translates to approximately $304 per square foot. This figure is above the county median of $72 per square foot for similar renovation filings in Dallas County. The scheduled build window of 349 days is longer than the county median of 92 days for this type of work.

Project Details and Design

KLP Newville is the owner of record for this privately funded development on private land. BHA Studio serves as the design firm of record, a company that has six other TDLR-registered projects in the region totaling over $8 million. Michael Clayton Smith is the registered accessibility specialist associated with the filing.

Third-party real estate listings describe The Offices on Katy Trail as a commercial property with various suite configurations. One listing from f.tlcollect.com details suite layouts including reception, conference, and office spaces. Another source from listingsprod.blob.core.windows.com identifies the address and contact information for the property management. These external references confirm the building's presence in the Dallas commercial market.

Local Context and Market Position

The site is situated in a dense business district with nearby establishments including Texas de Brazil and Rosewood Mansion on Turtle Creek. The U.S. Census American Community Survey estimates the population of ZIP code 75204 at approximately 33,552 residents. The median household income in this area is estimated at $93,007. Housing in this ZIP code is predominantly renter-occupied, with a median owner-occupied home value of $451,900.

Dallas County labor market data from FRED indicates an unemployment rate of 3.3 percent in July 2026, which is higher than the rate recorded a year earlier. The project’s registration status is Review Complete, with plan review finished in November 2025. Construction began in November 2025 as per the filing details. The project represents a significant investment in the Uptown office market, contributing to the ongoing development of the area’s commercial infrastructure.