DART Launches $123M Transit-Oriented Development In Dallas

Construction has commenced on a $123 million transit-oriented development at the SMU/Mockingbird Station in Dallas. The project, a joint venture between Dallas Area Rapid Transit (DART) and Trammell Crow Co., will occupy a 16-acre site currently serving as a surface parking lot.

Public financing for the development totals $49 million. This funding is composed of a $29 million contribution from a City of Dallas tax increment financing district and a $20 million regional transportation grant from the North Central Texas Council of Governments.

The first phase of the project includes a 394-unit apartment building and a 500-space subsurface parking garage for DART commuters. The completion of this residential structure is scheduled for the end of 2027. Future construction phases are planned to incorporate hotel and office space.