Endeavor funds The Lucille, a 265-unit Uptown Dallas tower

Endeavor Real Estate Group has secured construction financing for The Lucille, a 265-unit rental high-rise at 2700 McKinney Avenue, clearing one of the higher hurdles in today’s market: funding new vertical multifamily in the heart of Uptown Dallas.

Why it matters

That a 22-story ground-up rental tower can still assemble a full capital stack says something about where lenders and equity will commit in 2026. Endeavor paired construction debt from German bank Helaba with equity from Canyon Partners Real Estate, a value-add investor, to move a dense urban project that many markets can no longer finance at current rates and costs. For developers, the actionable read is location and sponsor: capital is flowing to the strongest submarkets and proven builders while it stays scarce elsewhere. Uptown, next to the emerging “Y’all Street” financial cluster, is exactly the kind of demand-anchored infill that still clears in Dallas.

The numbers

The Lucille will rise 22 stories with 265 units and a four-level parking garage, totaling about 320,000 square feet of rentable space plus roughly 10,000 square feet of ground-floor retail. Construction is set to start in summer 2026 and deliver in the fourth quarter of 2028. Endeavor declined to disclose the size of the new financing. “There’s tremendous job growth in the immediate vicinity of the site,” said Endeavor principal Will Marsh, pointing to the professionals the tower is designed to draw.

What’s next

With financing in place, Endeavor begins construction this summer toward a late-2028 opening. The deal joins a run of Uptown and greater Dallas multifamily capital this month, and it reinforces the pattern developers are watching: new starts are concentrating in a handful of high-demand submarkets while the broader pipeline thins.