Palladium USA hosted a groundbreaking ceremony on October 2, 2025, for Palladium Buckner Station, a $107 million transit-oriented, mixed-income multifamily community located at 400 S. Buckner Boulevard in Southeast Dallas, adjacent to the Buckner DART Station. The event marked the start of construction on a development that will deliver 304 amenity-rich residences, with 244 units available at 60% of the area median income and 60 market-rate units.
Interior finishes include granite countertops, nine-foot ceilings, hardwood-style flooring, dual sinks in primary baths, and covered balconies. Among the residences are 30 three-bedroom, two-story townhomes. Community amenities will feature a resort swimming pool, state-of-the-art fitness center, conference center, business center, children's playroom, a 1,600-square-foot community room, playground, basketball court, gazebos with grilling stations, and a clubroom with a mini-kitchen. A unique public pedestrian promenade with enhanced landscaping will connect the community.
"Construction has started, and we are proud to break ground on this transformational community, which reflects Palladium USA's ongoing commitment to providing high-quality, mixed-income housing in Dallas and for the surrounding community," said Tom Huth, President and CEO of Palladium USA. The project was designed by ARRIVE Architecture Group, with BBL Building Company and Operation Community Care serving as general contractors in a joint venture. The community will be a four-story wrap with elevators and two structured parking garages.
Financing includes $34 million in tax credit equity, $26 million in bridge loan proceeds, and a $47 million FHA 221(d)(4) loan provided by Regions Bank, along with $14.5 million from the City of Dallas, $49.9 million in tax-exempt bonds issued through the Dallas Housing Finance Corporation (DHFC), and $39 million in 4% housing tax credits approved by the Texas Department of Housing and Community Affairs.
"Buckner Station is exactly the kind of mixed-income, transit-oriented development we need in District 5," said Dallas City Council Member Jaime Resendez. "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." Marcy Helfand, President of the DHFC, added, "This was a true example of the phrase 'it takes a village'... The DHFC welcomes this opportunity to partner with Palladium USA to fulfill our mission to provide quality, affordable housing to the residents of the City of Dallas."
Caitlin Holland, Vice President of Real Estate & Economic Development at DART, noted the project's significance: "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." Kim Parker, Executive Director of Development and Site Selection for Palladium USA, emphasized the community impact: "This isn't just about building new housing; it's about giving more Dallas families a stable place to call home. With Palladium Buckner Station, we're creating high-quality, affordable homes that are directly connected to public transit."
The 6.72-acre community is located at 401 S. Buckner Boulevard, adjacent to the Buckner DART Station, offering convenient access to major highways. Preleasing is scheduled for fall 2026, with the first units delivered in early 2027. Palladium USA, headquartered in Dallas since 1992, serves as the holding company for all Palladium Group assets across the United States.
