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 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 convenient public transportation access, addressing critical housing needs in the region.

The 304-unit community will feature 244 below-market-rate units available at 60% of the area median income and 60 market-rate units, creating an economically diverse residential environment. The development includes one-, two-, and three-bedroom floor plans, with 30 three-bedroom two-story townhome units among the 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 unique public pedestrian promenade with enhanced landscaping will connect residents to the adjacent transit station.

Tom Huth, President and CEO of Palladium USA, stated that construction has started on this transformational community, which reflects the company's ongoing commitment to providing high-quality, mixed-income housing in Dallas. The property will deliver 304 thoughtfully designed homes with convenient access to the Buckner DART Station, enhancing mobility options for residents.

The financing structure for the project demonstrates extensive public-private collaboration, 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) emphasized 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 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, highlighting the partnership's mission to provide quality, affordable housing to Dallas residents. The development converts underutilized parking at DART's Buckner Station into urgently needed mixed-income housing.

Caitlin Holland, Vice President of Real Estate & Economic Development at DART, described the project as a significant step toward building more connected, sustainable communities within DART's service area where people can live, work, and thrive with access to efficient public transportation.

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 for Dallas families, with high-quality affordable housing directly connected to public transit, making it easier for residents to access jobs, schools, and essential services.

The 6.72-acre multifamily community is scheduled to begin preleasing in Fall 2026, with the clubhouse and first units delivered in early 2027. The project's location at 401 S. Buckner Boulevard offers convenient access to major highways and the city's core, positioning it as a model for future transit-oriented development in the region.