The development team of Jack Matthews and Ray Washburne has purchased the final 10,000 square feet of the former Greyhound bus station site at 205 S. Lamar St. in downtown Dallas, pulling the entire property under single ownership just as the last buses prepare to roll out of the historic terminal.
The acquisition, confirmed by a broker, was reported by The Business Journals, which first detailed that the Matthews-Washburne team had closed on the last sliver of land tied to the long-running bus depot. Washburne, described by wfaa.com as the developer and owner of the soon-to-be-former Greyhound bus station, originally bought the 45-year-old station at the same address in October 2024, according to the station's reporting.
Buses Are Leaving, But the Timeline Has Been Messy
Greyhound's last bus out of the downtown Dallas terminal was scheduled to depart Dec. 8, per the earlier wfaa.com report. That date lines up with a corporate announcement from Greyhound itself: the company and partner FlixBus said they would begin operating out of a new terminal starting Dec. 9, phasing out service at what the company called the legacy downtown Dallas terminal on Lamar Street.
The replacement facility sits at 9755 Harry Hines Blvd., a 5,600-square-foot terminal the company says offers car-free connections across from DART's Bachman Station, according to the announcement on news.greyhound.com. That's a steep downsize from the aging downtown depot, which has anchored the corner of South Lamar for decades before falling fully into private development hands.
Police Substation? World Cup Office? Nothing's Locked In Yet
Washburne has floated several possible futures for the Lamar Street site, though none have been finalized. He told wfaa.com he's pitched the property as a potential Dallas Police substation or a FIFA World Cup ticketing office, but said he has not worked out a deal with either entity. He also mentioned the site could be a candidate for Dallas College as the community college system eyes a newly announced expansion, the station reported.
Separately, Washburne described plans for a boutique hotel at the former Dallas Morning News site, with a possible 2027 groundbreaking timed so the hotel could open by 2029, when the city's expanded convention center begins hosting attendees, per the same wfaa.com report. No construction schedule or confirmed end use has been reported for the Greyhound property itself.
Old Bus Depots Are Hot Real Estate Elsewhere Too
Dallas isn't alone in watching a downtown Greyhound footprint turn into a redevelopment target. In Richmond, New York-based firms are planning a $132 million redevelopment of that city's former Greyhound station site, according to Virginia Business. In Denver, however, an update on that city's former Greyhound site redevelopment pointed to a tougher road, with the Denver Business Journal reporting a poor office-market outlook weighing on those plans.
For now, the downtown Dallas site's next chapter remains unwritten. What's confirmed is that Matthews and Washburne control the whole parcel, the buses are on their way out, and multiple institutional suitors are circling a prime chunk of land a few blocks from the city's core.
