Curated News
By: NewsRamp Editorial Staff
September 12, 2025
Palladium USA Launches $36M Mixed-Income Community in Mesquite
TLDR
- Palladium USA's $36 million Mesquite development offers investors strategic positioning with mixed-income housing near major highways for strong rental demand and appreciation potential.
- Palladium Mesquite comprises 111 units across two five-story buildings with 95 income-restricted homes and 16 at 140% AMI, featuring granite countertops and nine-foot ceilings.
- This mixed-income community provides 111 quality affordable homes with amenities that enhance living standards and support workforce housing needs in Mesquite, Texas.
- The development includes a resort pool, state-of-the-art fitness center, and quartz countertops in clubrooms, creating a luxury living experience at accessible price points.
Impact - Why it Matters
This development addresses critical housing shortages by providing 111 new mixed-income units, including 95 income-restricted homes, making quality housing more accessible to diverse income levels in the growing Dallas County area. The project supports local economic growth through job creation during construction and enhances community infrastructure with premium amenities. For residents, it offers affordable luxury living with convenient transportation access, while setting a benchmark for future mixed-income developments in the region.
Summary
Palladium USA has successfully closed financing and begun construction on Palladium Mesquite, a $36 million mixed-income multifamily community in Mesquite, Texas. The development represents the company's second project in the city and features 111 amenity-rich residences, with 95 homes income-restricted across various AMI set-asides and 16 reserved at 140% of area median income. The project showcases Palladium USA's ongoing commitment to providing high-quality workforce housing options in Dallas County.
The new community will offer thoughtfully designed one, two, and three-bedroom floor plans with premium interior finishes including granite countertops, nine-foot ceilings, hardwood-style flooring, and covered balconies. Residents will enjoy upscale amenities such as a resort swimming pool, state-of-the-art fitness center, conference and business centers, children's playroom, athletic court, and gazebos with grilling stations. The development is strategically located at 940 Military Parkway with convenient access to major highways including I-635, U.S. 80, I-30, and I-20.
Key partners in this ambitious project include HEDK Architects for design, BBL Building Company as general contractor, and Operation Community Care Living. The complex financing structure involved $17.6 million in equity from Redstone, a $14 million FHA loan arranged by Walker & Dunlop, and additional funding from Bridgewater Bank, TDHCA, and the City of Mesquite. Preleasing is scheduled for Summer 2026, with the first units expected to be delivered in Fall 2026, marking a significant addition to the citybiz landscape of multifamily developments in the region.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Palladium USA Launches $36M Mixed-Income Community in Mesquite
