Palladium Starts Work on Fort Worth Mixed-Income Residential Community
Palladium USA has begun construction on Palladium East Berry Street, a $55.8 million multifamily community in Fort Worth. A portion of the units will be reserved for households earning 30% or less of the area median income. The Texas Department of Housing & Community Affairs issued $26.1 million in tax exempt bonds for the development. Cedar Rapids Bank & Trust purchased the bonds.
The project will offer one, two and three-bedroom units with amenities that include a pool, computer lounge, dog park, fitness center and children’s playroom.
Sitework is underway. Pre-leasing will begin next summer.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.