Named after the adjacent Parañaque Integrated Terminal Exchange (PITX), the station is part of the LRT-1 Cavite Extension Project, which was opened to the public on November 16, 2024.

The plans for the southern extension project were restarted as early as 2012 during the Benigno Aquino III administration and was expected to begin construction in 2014, but was delayed due to right of way issues.

[3] On November 15, 2024, Phase 1 of the extension, where the station is part of, was inaugurated by President Bongbong Marcos; the LRMC management announced the start of its commercial operations to be on the following day.

The two platforms are connected by a pedestrian overpass crossing the two tracks inside the station, allowing commuters to catch a train going in the opposite direction without paying a new fare.

[10][11][12] Hotel Sogo Macapagal, various condominiums and office buildings, and the Marina Bay Town subdivisions, all in Asiaworld, are also located nearby.