Big deal

Houston investor acquires Bishop Arts mixed-use portfolio in $170M deal

Michelin-recognized Written by the Seasons is one of several Bishop Arts businesses acquired by a Houston-based investor.

Photo courtesy of Hines

A Houston investor has snapped up a mixed-use portfolio of nine buildings in the Bishop Arts District, the second Bishop Arts property acquisition since August.

Hines Global Income Trust told CultureMap it paid more than $170 million for a mixed-use complex with 539 apartments and 49,000 square feet of high-end shops. The Bishop Arts Portfolio, as Hines refers to the real estate package on its website, sits on almost seven acres.

“Bishop Arts is a special place, shaped by the care and investment of its prior ownership. We see our role as building on that foundation through thoughtful ownership and Hines’ integrated operating platform,” Corbin Eckel, managing director at Hines, told CultureMap.

Hines identified the seller as Dallas-based Exxir Capital. Exxir developed Oak Cliff's 750,000-square-foot, two-block Bishop Main Street area, which features retail, residences, and offices, and includes the properties acquired by Hines.

Tenants of the newly acquired properties include:

Italian restaurant Lucia, a Michelin recommended restaurant.
Michelin-praised Written by the Seasons, which serves a New American menu.
Paradiso, a Southern European-inspired eatery.
Bar Eden Lounge, a swanky cocktail bar.
Village Baking Co., an artisan bakery.

Hines is taking over all leases at the residential properties:

Bishop North, 200 N. Bishop Ave.
Bishop Canopy, 515 W. 10th St.
Bishop Flats, 305 and 431 Melba St.
Treehaus, 211 W. 10th St.
Retail at 308 and 275 N. Bishop Ave.; 404, 332, 336 and 337 Melba St.; and 403 and 321 W. Ninth St. Altogether, the portfolio’s retail component comprises 22 tenants.

The Hines deal comes two months after Dallas-based investor 90Ten purchased 301-321 N. Bishop Ave.301-321 N. Bishop Ave. in Bishop Arts. Tenants include burger diner Hunky’s, Italian pastry and coffee purveyor Palmieri Café, vintage clothing store Dolly on Bishop, gift shop Kawaii Candle Co., and cosmetics retailer Simply Bella.

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Safety First

2 Dallas neighbors top list of safest cities for new homeowners

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McKinney and Frisco are rated among the five safest on the list.

Roughly 15 miles separate two fast-growing Dallas-Fort Worth suburbs, McKinney and Frisco. Yet they share highly coveted territory in the safety department.

Home security system company Vivint has put McKinney at No. 2 and Frisco at No. 4 in its ranking of the safest U.S. cities for new homeowners.

Vivint analyzed 93 U.S. cities based on 2025 property crime rates, share of homeowners under 35, share of recent movers, and employment of security and fire alarm installers. Property crime rates carried the greatest weight.

McKinney and Frisco both benefited from low rates for property crimes, with McKinney at No. 2 and Frisco at No. 3 in this category. McKinney posted a rate of 680 incidents per 100,000 residents, according to Vivint, and Frisco had a rate of 789.4 incidents per 100,000 residents.

The two suburbs also tied in a few categories, which were based on metro-level data. They ranked No. 12 for employment of security and fire alarm installers; No. 29 in the recent-mover category; and No. 35 in the young-homeowner category.

McKinney and Frisco aren’t strangers to high rankings in safety studies. In 2025, a SmartAsset list of the country’s safest suburbs ranked McKinney at No. 9 and Frisco at No. 10.

Here are the rankings for other North Texas cities in the Vivint study:

Plano ranked 11th
Garland ranked 16th
Irving ranked 18th
Arlington ranked 24th
Fort Worth ranked 28th
Dallas ranked 66th

Vivint ranked Texas' other major metros as follows:

Austin ranked 20th
San Antonio ranked 53rd
Houston ranked 57th

Port St. Lucie, Florida, topped the Vivint list, thanks largely to its No. 1 showing in the category for property crime rates.

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