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. This development represents a significant investment in addressing housing affordability while promoting sustainable urban planning through transit-oriented design.
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, creating a walkable community environment.
The financing structure demonstrates the complex public-private partnership required for such developments, 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. More information about the developer can be found at https://www.palladiumusa.com.
Dallas City Council Member Jaime Resendez (District 5) emphasized the project's significance, stating "Buckner Station is exactly the kind of mixed-income, transit-oriented development we need in District 5. It will bring hundreds of quality apartment homes near DART access, schools, and services, and it shows how public-private partnerships can deliver real benefits to our neighborhoods."
The development's location adjacent to the Buckner DART Station provides residents with direct access to public transportation, reducing dependence on personal vehicles and promoting sustainable commuting patterns. Caitlin Holland, Vice President of Real Estate & Economic Development at DART, noted "We are thrilled to partner with Palladium USA and the City of Dallas to advance this important transit-oriented development project, converting underutilized parking at DART's Buckner Station into urgently needed mixed-income housing."
Construction has already commenced on the 6.72-acre site, with preleasing scheduled for Fall 2026 and the clubhouse and first units expected to be delivered in early 2027. The project represents a model for future urban development that combines affordable housing with transit accessibility, addressing two critical challenges facing growing metropolitan areas. For transportation information, residents can visit https://www.dart.org.
