Palladium USA Breaks Ground on $107 Million Transit-Oriented Community in Southeast Dallas

Palladium USA will host a groundbreaking ceremony for Palladium Buckner Station on Thursday, October 2, 2025, marking the start of construction on a $107 million transit-oriented, mixed-income multifamily community located adjacent to the Buckner DART Station in Southeast Dallas. The development represents a significant investment in creating housing options that combine affordability with premium amenities and direct access to public transportation infrastructure.

The 304-unit community will feature thoughtfully designed one-, two-, and three-bedroom floor plans, with 244 units available at below market rate pricing set at 60% of the area median income and 60 units at market rate. Interior finishes will include granite countertops, nine-foot ceilings, hardwood-style flooring, dual sinks in primary baths, and covered balconies. The property will include 30 three-bedroom two-story townhome units within the overall residential count.

Community amenities will include a resort swimming pool, state-of-the-art fitness center, conference center, business center, children's playroom, 1,600 square foot community room, playground, basketball court, gazebos with grilling stations, and a clubroom featuring a mini-kitchen with upgraded appliances and quartz countertops. A distinctive feature of the development is its public pedestrian promenade with enhanced landscaping, creating inviting outdoor spaces for residents.

Tom Huth, President and CEO of Palladium USA, emphasized the project's significance, stating that the property will deliver thoughtfully designed homes with convenient access to the Buckner DART Station, reflecting the company's commitment to providing high-quality, mixed-income housing. The development team includes ARRIVE Architecture Group for design and BBL Building Company serving as general contractor, along with Operation Community Care in a joint venture.

The financing structure demonstrates the complex public-private partnership supporting this initiative, including $34 million in tax credit equity, $26 million in bridge loan proceeds, and a $47 million FHA 221(d)(4) loan all provided by Regions Bank, $14.5 million in City of Dallas funding, $49.9 million in tax-exempt bonds issued through the Dallas Housing Finance Corporation, and $39 million in 4% housing tax credits approved by The Texas Department of Housing and Community Affairs.

Dallas City Council Member Jaime Resendez (District 5) noted that Buckner Station represents exactly the kind of mixed-income, transit-oriented development needed in the district, bringing hundreds of quality apartment homes near DART access, schools, and services while demonstrating how public-private partnerships can deliver real neighborhood benefits. Marcy Helfand, President of the DHFC, emphasized the collaborative nature of the project involving multiple stakeholders working to fulfill the mission of providing quality, affordable housing to Dallas residents.

Caitlin Holland, Vice President of Real Estate & Economic Development at DART, highlighted the project's significance in converting underutilized parking at DART's Buckner Station into urgently needed mixed-income housing, representing a step toward building more connected, sustainable communities within DART's service area. Kim Parker, Executive Director of Development and Site Selection for Palladium USA, emphasized that the development goes beyond building new housing to provide stable homes directly connected to public transit, making it easier for residents to access jobs, schools, and essential services.

The 6.72-acre multifamily community located at https://www.palladiumusa.com offers convenient access to major highways and the city's core, with preleasing scheduled for Fall 2026 and the clubhouse and first units expected for delivery in early 2027. This transit-oriented development model represents an important approach to addressing housing affordability while promoting sustainable urban development patterns that reduce transportation costs and environmental impacts for residents.