Palladium USA Breaks Ground on $107 Million Transit-Oriented Community in Southeast Dallas
Palladium USA has begun construction on a 304-unit mixed-income development adjacent to the Buckner DART Station, representing a significant public-private partnership that will provide affordable housing with direct transit access 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 affordable housing with 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 for households earning 60% of the area median income and 60 units at market rate. The development includes 30 three-bedroom two-story townhome units among its residential offerings. Interior finishes will include granite countertops, nine-foot ceilings, hardwood-style flooring, dual sinks in primary baths, and covered balconies.
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.
Construction has started on the 6.72-acre property located at 401 S. Buckner Boulevard, with the development designed by ARRIVE Architecture Group and BBL Building Company serving as general contractor along with Operation Community Care in a joint venture. The community will be a four-story wrap with elevators and two structured parking garages.
The financing structure for this placement included $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 City of Dallas funding, $49.9 million in tax-exempt bonds issued through the Dallas Housing Finance Corporation, and The Texas Department of Housing and Community Affairs approved $39 million in 4% housing tax credits.
Dallas City Council Member Jaime Resendez of District 5 emphasized that Buckner Station represents exactly the kind of mixed-income, transit-oriented development needed in the area, bringing hundreds of quality apartment homes near DART access, schools, and services while demonstrating how public-private partnerships can deliver real benefits to neighborhoods.
Marcy Helfand, President of the DHFC, noted the collaborative effort involving Palladium USA, the Dallas Housing Finance Corporation, DART, the City of Dallas, and Regions Bank 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, advancing the goal of building more connected, sustainable communities within DART's service area.
Preleasing is scheduled for the Fall of 2026, with the clubhouse and first units being delivered in early 2027. The development's location offers convenient access to major highways and the city's core, providing residents with enhanced mobility options through its proximity to the Buckner DART Station.