Palladium Delivers $65M Fort Worth Affordable Housing Venture
Palladium City Skyline, a new $65 million affordable housing complex, recently opened in East Fort Worth. A children’s learning lab is among the amenities at the new 243-unit luxury multifamily development at 4909 E. Lancaster Ave. The complex is about 37% occupied as leasing continues.
Palladium City Skyline features one-, two- and three-bedroom floor plans. Besides the learning lab, amenities include a resort-style swimming pool, gym, business center, dog park, children’s playroom and a clubhouse with a mini-kitchen.
The complex was built through a public-private partnership led by Palladium USA International Inc. alongside the Fort Worth Housing Finance Corp. and Treymore Construction. The project, designed by Arrive Architecture Group, received a $6 million multifamily direct loan and $30 million in tax-exempt bonds from the Texas Department of Housing and Community Affairs.
The project was also financed through $27 million in equity and $30 million in long-term debt provided by Regions Bank. The complex accepts individuals earning 30% to 80% of the area’s median income.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout