MCKINNEY, TEXAS — Palladium USA, a Dallas-based affordable, market-rate and mixed-use developer, has broken ground on Palladium Craig Ranch in the northeast Dallas suburb of McKinney. Located at 7909 Collin McKinney Parkway, the new community will include 327 one-, two- and three-bedroom apartments on approximately 4.7 acres. The Palladium Craig Ranch amenity package will consist of a resort-style pool with private cabanas, a hot tub, grills, string lighting and seating areas.
In addition, an activity courtyard will include a fenced dog park with a pet drinking fountain, a fire table with seating, shade structures, a Bocce Ball court and dining areas. Other amenities will consist of a clubroom, leasing center, a lounge on the 4th floor, a fitness center with a yoga room, a mailroom lounge, smart lockers, bike storage and racks and workspace pods.
Financing closed and construction began on March 3. The community was financed with a HUD 221(d)4 construction-to-permanent loan provided by Gershman Investment Corp. as well as equity from Dallas-based Phoenix Capital and Palladium USA. Project partners include HEDK Architecture, Cross Engineering, Brownstone Construction and Operation Community Care Living. Pre-leasing is expected to begin in 2027.