Palladium USA Celebrates Grand Opening of Palladium Lewisville | Multifamily Dive
Palladium USA celebrated the grand opening of Palladium Lewisville, a $30 million mixed-income community in Lewisville, Texas, which has reached 100% occupancy. The event marked the company's first apartment community in the city and highlighted public-private partnerships in housing development.
LEWISVILLE, Texas (July 2026) — Palladium USA has officially opened Palladium Lewisville, a $30 million mixed-income apartment community that has already achieved full occupancy, underscoring robust demand for quality housing in Lewisville and across Denton County.
A ribbon-cutting ceremony brought together community leaders, elected officials, development partners, residents, and guests to mark the completion of Palladium USA's first apartment community in Lewisville. The event celebrated two key milestones: the successful delivery of the development and its rapid lease-up to 100% occupancy.
Located at 305 E. Round Grove Road, Palladium Lewisville comprises 90 apartment homes, including 24 one-bedroom, 51 two-bedroom, and 15 three-bedroom units. Of these, 57 are income-restricted and 33 are market-rate, creating a mixed-income environment that broadens housing options while supporting the continued growth of Lewisville and Denton County.
Residents have access to a range of modern amenities, including a clubhouse, fitness center, resort-style pool, business center, conference room, children's playroom, landscaped outdoor spaces, and professional on-site management. The community's location near Interstate 35E and State Highway 121 offers convenient connections to major employers, shopping, dining, healthcare, and entertainment throughout the Dallas-Fort Worth metroplex.
"Celebrating the grand opening of Palladium Lewisville while reaching 100% occupancy is an incredible milestone for our team and our partners," said Kim Parker, Executive Director of Development for Palladium USA. "The strong demand for this community reinforces the need for high-quality housing in Lewisville. We are grateful to everyone who helped make this vision a reality and are proud to welcome our residents home."
The rapid lease-up reflects sustained demand for thoughtfully designed apartment homes in North Texas. Achieving full occupancy in a short period highlights the value of public and private partnerships in delivering housing that meets current resident needs.
The $30 million development was financed through a collaborative partnership that included the Texas Department of Housing and Community Affairs (TDHCA) 9% Housing Tax Credit Program, HUD Section 221(d)(4) financing through PNC Bank, tax credit equity from PNC Real Estate, and the TDHCA Multifamily Direct Loan Program (MFDL). The development team comprised Treymore Construction, Arrive Architecture Group, Cross Engineering Consultants, Inc., Coats Rose, P.C., and Operation Community Care Living, whose expertise and collaboration were instrumental in bringing the community to completion.
The celebration also highlighted the impact Palladium Lewisville has already made on its residents.
Resident Molly Salcido shared her appreciation for the community, saying, "Palladium's mission is 'Changing lives, one apartment home at a time,' and that mission is reflected in the care and dedication shown to residents every day."
The completion of Palladium Lewisville represents another milestone in Palladium USA's commitment to developing high-quality apartment communities throughout Texas.
About Palladium USA
Palladium USA serves as the holding company for all Palladium Group assets across the United States. Since its establishment in 1992, the company has been headquartered in Dallas, Texas, solidifying its reputation as a premier leader in the multifamily market. Its commitment to quality, innovation, and community remains at the core of its mission.
