DALLAS—Richardson has landed yet another multimillion-dollar mixed-use project.

BC Station Partners LLC has acquired 54 acres at the southeast corner of Central Expressway and the President George Bush Turnpike from the W.W. Caruth Jr. Foundation at Communities Foundation of Texas for a $500-million “transit-oriented development.” The site is due west of KDC’s CityLine project and adjacent to DART’s Bush Turnpike light rail station, and will include office, retail, residential and hotel components.

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