Palladium USA has secured financing for Palladium Craig Ranch, a planned 327-unit multifamily community in the Craig Ranch Town Center area of McKinney. The project will rise at 7909 Collin McKinney Parkway and is planned as a four-story residential building constructed around a concrete parking structure, positioning it as a sizable addition to the local apartment inventory.
The community is designed with a mix of floor plans aimed at a range of renter profiles. According to reporting from Community Impact cited in the announcement, the development will feature 35 efficiency homes, 165 one-bedroom units, 119 two-bedroom units and 8 three-bedroom units. Across this unit mix, the average residence is expected to measure 842 square feet, suggesting a balance between space efficiency and livability.
Palladium Craig Ranch is planned with a suite of on-site amenities intended to support both lifestyle and convenience for residents. Planned shared spaces include a swimming pool, an activity courtyard, a dog park and a dog spa. A fitness center is also part of the program, along with additional amenities that have not yet been detailed publicly. The first residential units are scheduled to be delivered in summer 2027, setting the initial occupancy timeline for the community.
The capital stack for the project includes both debt and equity participants. Financing for the development was provided by Gershman Investment Corp., while equity is being supplied by Phoenix Capital in partnership with Palladium USA. HEDK Architecture has been engaged as the project architect, and Brownstone Construction is serving as the general contractor responsible for bringing the plans to completion.
Palladium USA remains active in the Texas multifamily market beyond this single development. The company operates a portfolio of multifamily communities across the state, with 10 communities currently under construction. Within McKinney specifically, Palladium already has another community located at 2656 Virginia Parkway, underscoring the firm’s ongoing interest in the local market. With financing now closed for Palladium Craig Ranch, the company is positioned to expand its presence in McKinney as new units come online later in the decade.
