Palladium Buckner Station breaks ground on $107M mixed‑income transit housing in Southeast Dallas

Southeast Dallas, Texas, October 9, 2025

News Summary

Construction has begun on Palladium Buckner Station, a $107 million, 304‑unit mixed‑income residential project adjacent to the Buckner DART Light Rail Station in Southeast Dallas. About 244 units (roughly 80%) will be income‑restricted for households at or below 60% of AMI, with 60 market‑rate units. The development includes 90 one‑bed, 147 two‑bed, and 67 three‑bed units (30 townhomes), two parking garages with roughly 350 spaces, a landscaped public promenade to the rail stop, and amenities such as a pool, fitness center, community room and business spaces. Financing combines LIHTC equity, loans, tax‑exempt bonds and city incentives.

Palladium Buckner Station breaks ground on $107 million mixed‑income, transit‑oriented development in Southeast Dallas

Construction has started on Palladium Buckner Station, a new $107 million mixed‑income residential project being built adjacent to the DART Buckner Light Rail Station at 8008 Elam Rd. in the Pleasant Grove area of Southeast Dallas. The Dallas‑based developer has begun ground‑up construction on land that is currently an underused DART station parking lot, with the goal of adding housing that connects directly to transit and local services.

What the project will deliver

The development will include 304 apartments across a mix of unit sizes: 90 one‑bedroom units, 147 two‑bedroom units, and 67 three‑bedroom units. Of the three‑bedroom product, 30 are planned as two‑story townhome units. Roughly 244 units — about 80 percent of the total — will be income‑restricted and leased to households earning at or below 60 percent of area median income (AMI). The remaining 60 units will be market‑rate.

Parking, access and public space

The site plan includes two residential parking garages that together will provide 350 spaces. A publicly accessible pedestrian promenade, described in planning documents as carefully designed and heavily landscaped, will create a direct pedestrian link from the housing to the DART Buckner Light Rail Station. The design emphasizes walkability and transit connectivity as part of a broader city effort to encourage rail use and concentrate housing near transit nodes.

Amenities, design and partners

On‑site amenities will include a resort swimming pool, a fitness center, a conference center, a business center, a children’s playroom, a 1,600‑square‑foot community room, and a basketball court, among other features. ARRIVE Architecture Group is the design architect and BBL Building Co. is the construction partner. Operation Community Care is listed as a community partner for resident services and programming.

Financing and public support

The project’s reported development cost is listed as $107 million to $107.1 million. Financing includes several components: Regions Bank provided key financing in the form of $34 million in low‑income housing tax credit (LIHTC) equity, $26 million in bridge loan proceeds, and a $47 million Federal Housing Administration (FHA) Section 221(d)(4) loan. The Texas Department of Housing and Community Affairs awarded the 4% LIHTCs. Additional public financing includes $49.9 million in tax‑exempt bonds issued through the Dallas Housing Finance Corporation and a $14.5 million economic development incentive from the City of Dallas.

The Dallas City Council unanimously approved the $14.5 million incentive. That amount is structured as a loan not to exceed $6,183,092 and a grant not to exceed $8,316,907, and will be drawn from several funding sources administered by the city’s Office of Economic Development, including proceeds from economic development and housing bond programs. The development is being advanced in partnership with the Dallas Housing Finance Corporation.

Policy context and local reactions

City officials frame the project as part of a push to concentrate housing around transit, and it is one of five transit‑oriented development proposals on DART‑owned property under review. The proposal aligns with recent city policy moves to reduce or eliminate parking minimums, a change proponents say frees land for housing and supports transit ridership. Local officials have pointed to the project as a milestone in coordinated planning with DART to create sustainable communities around rail stations.

Reactions among the public have been mixed. Supporters note the large share of income‑restricted units and argue that adding housing near transit is appropriate and needed. Opponents raised concerns about public incentives for developers, preferences for single‑family housing, and local issues such as crime and homelessness. City representatives and council leadership highlighted the potential for the development to catalyze further economic activity and revitalization in an area that has seen limited private investment.

Related developments

In related local development news, a separate mixed‑use project scheduled to open in 2028 will include a major office tower, a high‑end residential tower and extensive retail and outdoor public space. That project is being positioned as a high‑amenity, high‑design addition to another part of the city and contrasts with the Buckner Station project’s explicit emphasis on mixed‑income housing and transit connectivity.

Project timeline and next steps

Groundbreaking has occurred and construction is underway. No public completion date has been provided in project filings. The development team will move forward with building infrastructure, the residential structures, and the pedestrian connection to the DART station, while coordinating long‑term property management and community programming.

Frequently asked questions

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Key project features

Deeper Dive: News & Info About This Topic

Additional Resources

• Housing Finance: Construction begins on transit-oriented development in Dallas
• Wikipedia: Transit-oriented development
• CultureMap Dallas: Buckner Station / Palladium Buckner Station coverage
• Google Search: Palladium Buckner Station
• WFAA: Dallas / Buckner Station project report
• Google Scholar: Buckner DART Station transit-oriented
• CandysDirt: Dallas green-lights $14.5M for transit-oriented project
• Encyclopedia Britannica: Transit-oriented development (search)
• Hoodline: Dallas City Council approves $14.5M incentive for Palladium Buckner Station
• Google News: Palladium Buckner Station

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