In a decisive move to boost local development, the Dallas City Council has given the green light to a significant economic incentive aimed at transforming the landscape of southeast Dallas. The council has unanimously approved a $14.5 million economic development incentive aimed at supporting the ambitious $107 million Buckner Station Project, according to a recent bulletin from the City of Dallas. The Palladium Buckner Station Project, spearheaded by Palladium USA Inc. in partnership with the Dallas Housing Finance Corporation, plans to repurpose an underused parking lot into a mixed-income residential haven featuring over 300 apartments located at the DART Buckner Light Rail Station.
Progress doesn’t stop there, as Dallas officials commenced the University Hills mixed-use development—a Hoque Global venture bolstered by the University TIF District’s financial support. This considerable undertaking will yield more than 500 single-family houses, 200 apartments, and 30,000 square feet worth of commercial space in proximity to UNT-Dallas, aligning with the City Council-approved UNT-Dallas Area Plan. With a projected cost hitting around $1 billion, the entire development spans a hearty 270 acres.
In addition to these ambitious housing and commercial initiatives, Downtown Dallas is set to welcome a new addition in the form of Fire Station No. 18, projected to open its doors by 2028. The new fire station comes as part of a Public/Private Partnership, authorized by the City Council on May 14, with an affiliate of Headington Companies to place the station a short distance from its original site…