Palladium McKinney in McKinney, Texas

Palladium USA Breaks Ground on $48 Million Palladium McKinney in Dallas Suburb

by Channing Hamilton

MCKINNEY, TEXAS — Palladium USA has begun construction on Palladium McKinney, a $48 million, 172-unit community in the Dallas suburb of McKinney. The project is being developed in partnership with the McKinney Housing Finance Corporation. The Texas Department of Housing and Community Affairs issued $23 million in tax-exempt bonds purchased by Cedar Rapids Bank and Trust. PNC Bank provided $19 million of equity for this placement. Kim Parker of Dynamic Commercial Real Estate represented Palladium in the purchase of the land. James Craig of Craig International represented the seller. Palladium McKinney was designed by Cross Architects.

The four-story development will offer one-, two-, and three-bedroom floor plans. Amenities will include a pool, fitness center, conference center, dog park, computer lounge, children’s playroom and a clubroom with a kitchenette. Palladium expects to deliver the clubhouse and the first units in October 2024. Pre-leasing is expected to begin by mid-2024.

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