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Palladium Craig Ranch, a new multifamily development, is expected to bring 327 apartment homes to a roughly 4.7-acre site in Craig Ranch Town Center, according to a news release.
The project by Dallas-based Palladium USA will bring a four-story residential building wrapped around a concrete parking structure to southwest McKinney.
The specifics: The apartment community’s 327 apartment homes will total over 275,000 square feet of rentable space, the release states. The development will be located at 7909 Collin McKinney Parkway in the Craig Ranch area.
Diving in deeper: Project officials closed on the development March 3, with financing support provided by Gershman Investment Corp. and equity provided by Phoenix Capital alongside Palladium USA, the release states.
Quote of note: "Palladium Craig Ranch will bring new energy and vibrancy while continuing the vision of a walkable, connected district that serves residents and the broader McKinney community,” Craig Ranch Founder and Master Developer David Craig said in the release.
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