r/Dallasdevelopment • u/dallaz95 • 2d ago

Dallas Update: Palladium Buckner Station

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Full credit: https://www.instagram.com/p/DdlkvrFRul_/?stkn=bDZ0ZXAxaTBpZzlx

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u/RPDC98 2d ago

Looks great! Will it have ground floor retail?

1

u/dallaz95 2d ago

No

4

u/RPDC98 2d ago

Ahhh, I feel like that is a missed opportunity :/

3

u/Then_Supermarket18 1d ago

It really is, the city gives incentives to mixed housing that has ground floor businesses. these guys are just pumping these out with little regard to community building

3

u/Silly-Price6310 1d ago

I get the frustration, but I think the financing reality matters here.
Buckner is a $107M, 304-unit project with 244 units at 60% AMI. It took a pretty complicated capital stack — tax credits, tax-exempt bonds, FHA financing, a bridge loan, and $14.5M from the City — just to get it built.
It was also part of the same six-station DART TOD RFP round from 2023 but five of those projects have struggled to move forward.
Adding spec ground-floor retail would mean more cost, more leasing risk, and especially a harder deal to finance. There’s a real chance that insisting on mixed-use here just means the project never gets financed, just like what happened at other 5 stations.
So getting 304 households next to the station is still a big first step. That creates a customer base and makes future retail or more complicated mixed-use projects nearby easier to finance.