Palladium USA has commenced construction on a $65 million multifamily development in San Antonio, known as Palladium Crestway. In partnership with the San Antonio Housing Trust Public Facility Corporation (PFC), this project marks Palladium’s first affordable housing venture in the city. The PFC issued $31 million in tax-exempt bonds, which were purchased by Cedar Rapids Bank and Trust, while PNC Bank provided an additional $27 million of equity.
The three-story community will feature 271 units with upscale amenities such as a swimming pool, fitness center, conference center, sports court, dog park,and computer lounge. All residences will be offered at 60% of the area median income (AMI) level and include upgraded appliances and granite countertops.
Located on Crestway Drive near Hwy 410 and I-35,the new 10-acre development is expected to begin pre-leasing by Summer2024.
