Palladium USA Launches Construction of 327-Unit Multifamily Community in McKinney's Craig Ranch Town Center

Palladium USA has closed on and begun construction of Palladium Craig Ranch, a 327-unit multifamily community located across from Lifetime Fitness in the Craig Ranch Town Center in McKinney, Texas. The four-story residential community, wrapped around a concrete parking structure, will include 275,466 rentable square feet on approximately 4.714 acres, with a unit mix of 35 efficiency homes, 165 one-bedroom homes, 119 two-bedroom homes, and 8 three-bedroom homes averaging 842 square feet.

The community's amenity package features a resort pool and courtyard with tanning ledges, private cabanas, hot tub spa, BBQ grills, and seating areas, alongside an activity courtyard with a fenced dog park, fire table, Bocce Ball court, and bag toss area. Additional amenities include a clubroom, Sky Lounge on the fourth floor, dog spa, state-of-the-art fitness center with yoga room, smart lockers, bike storage, and workspace pods. Interior home features encompass energy-efficient stainless steel appliances, quartz countertops, wood-style flooring, Wi-Fi controlled thermostats, and accessible layouts.

Tom Huth, President and CEO of Palladium USA, stated that the closing occurred on March 3rd, with construction immediately following, emphasizing that Palladium Craig Ranch aligns with the company's mission of providing high-quality housing and long-term investments. The project was financed with a HUD 221(d)4 construction-to-permanent loan provided by Gershman Investment Corp, with equity from Dallas-based Phoenix Capital and Palladium USA.

David Craig, Founder and Master Developer of Craig Ranch, noted that Palladium Craig Ranch represents the final urban residential site in the Craig Ranch Town Center, home of the Corporal R.D. Foster Veterans Memorial Park, highlighting a partnership with Palladium USA spanning over two decades. He described the development as bringing new energy and vibrancy while continuing the vision of a walkable, connected district serving residents and the broader McKinney community. Project partners include HEDK Architecture, Cross Engineering, and general contractor Brownstone Construction in partnership with Operation Community Care Living.

Brendan Orient, Managing Director of Phoenix Capital, characterized Palladium Craig Ranch as a well-located, amenity-rich community that is thoughtfully designed, built to last, and positioned in one of North Texas's strongest growth corridors, expressing excitement about partnering with Palladium USA to deliver a best-in-class community for McKinney. The community is located at 7909 Collin McKinney Parkway, McKinney, TX 75070, with preleasing scheduled to begin mid-2027 and first units expected to deliver in Summer 2027.

Including Palladium Craig Ranch, Palladium USA has ten multifamily developments in construction across Texas, with two in San Antonio, two in Dallas, three in Mesquite, and one each in Lewisville, Fort Worth, and McKinney. Palladium USA is a Texas-based developer, owner, and operator focused on long-term neighborhood impact and resident experience, partnering with local governments, housing finance agencies, and community organizations. More information is available at https://palladiumusa.com.