Palladium USA Begins Work on 288-Unit San Antonio Apartments

Palladium USA is starting construction on Palladium San Antonio – a new $75 Million, multi-family community in San Antonio. This is the second multi-family development for Palladium in the city of San Antonio. The four-story development has 288 units of one-, two-, and three-bedroom floor plans with balconies or patios. Community amenities will include a resort swimming pool, fitness center, conference center, and business center. The first units will be delivered in November of 2025. The new 18-acre multi-family community is located on Military Drive, south of Hwy 90. 

Palladium San Antonio is a public-private partnership with the San Antonio Housing Trust Public Facility Corporation (SAHTPFC) and was designed by Cross Architects. Brownstone Group is the general contractor teaming up with the SAHTPFC on construction.

SAHTPFC issued $35 million in tax-exempt bonds, PNC Bank provided $33 million of equity and over $30 million of long-term debt, and the Texas Department of Housing and Community Affairs (TDHCA) provided over $36 million of 4% Housing Tax Credits for this placement. 

Today is the day! Join us this afternoon in Dallas at Connect Texas Multifamily to learn from and connect with leaders and experts from Lument, Legacy Partners, Tower Capital, Transwestern, Kairoi Residential, TruAmerica Multifamily, LaTerra Development, Helu Capital, Institutional Property Advisors, RCKRBX, Greystone, ZOM Living, and more! Don’t miss out on the most anticipated event of the year that brings together the most active investors, owners, developers, forecasters, managers, brokers, lenders, and more that are doing business in Texas. Register online or onsite, and we’ll see you today at the Virgin Hotels Dallas venue!