Palladium USA announced the closing and construction start of Palladium San Antonio, a new $75 million, multifamily community in San Antonio, Texas.
This is the second multifamily development for Palladium in the city of San Antonio.
The four-story development has amenity-rich residences featuring 288 units of thoughtfully designed one, two, and three-bedroom floor plans with upgraded finishes including granite countertops, nine-foot ceilings, hard floor services, dual sinks in primary bath, balcony/terrace, and elevator served. Upscale community amenities will include a resort swimming pool, state of the art fitness center, conference center, dog park, business center, children’s playroom, and clubroom containing a mini-kitchen with upgraded appliances and quartz countertops.
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 who is 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.
The groundbreaking celebration planned for the near future will be attended by community leaders, elected officials, and will feature photo renderings of the multi-family community, branded promotional items, and refreshments.
The new 18-acre multi-family community is located on Military Drive, south of Hwy 90 in the 410 loop and West of I-35W. Pre-leasing is expected by Winter of 2025.
