Palladium USA Breaks Ground on 327-Unit Luxury Community in McKinney

Palladium USA has officially launched construction on Palladium Craig Ranch, a new 327-unit multifamily community in McKinney, Texas, marking a significant milestone in the Craig Ranch Town Center development. Located across from Lifetime Fitness at 7909 Collin McKinney Parkway, this four-story residential project will offer a diverse mix of apartment homes, including 35 efficiency units, 165 one-bedroom, 119 two-bedroom, and 8 three-bedroom homes, totaling 275,466 rentable square feet on 4.714 acres. The community is designed with a robust amenity package featuring a resort pool, activity courtyard with a fenced dog park, state-of-the-art fitness center, Sky Lounge, and smart home features like Wi-Fi controlled thermostats and energy-efficient appliances, aiming to create a vibrant, walkable district for residents.

Key players in this development include Tom Huth, President and CEO of Palladium USA, who emphasized the project's alignment with the company's mission for high-quality housing and long-term investment. Financing was secured through a HUD 221(d)4 construction-to-permanent loan from Gershman Investment Corp, with equity provided by Dallas-based Phoenix Capital and Palladium USA. David Craig, Founder and Master Developer of Craig Ranch, highlighted that this project represents the final urban residential site in the Town Center, building on a two-decade partnership with Palladium USA to enhance the community's connectivity and vibrancy. Additional project partners include HEDK Architecture, Cross Engineering, and Brownstone Construction as the general contractor, collaborating with Operation Community Care Living to bring this vision to life.

Brendan Orient, Managing Director of Phoenix Capital, praised the project as a well-located, amenity-rich investment in North Texas's strong growth corridor. Preleasing is scheduled to begin mid-2027, with the first units expected to deliver in Summer 2027, adding to Palladium USA's portfolio of ten multifamily developments across Texas. This initiative underscores Palladium USA's commitment to delivering thoughtfully designed homes with professional management, as detailed on their website at palladiumusa.com, focusing on long-term neighborhood impact and resident experience in McKinney and beyond.