Palladium USA Closes on Palladium Mesquite, a $36 Million Multifamily Community in Mesquite, TX

Mesquite, TX (September 2025) – Palladium USA is pleased to announce the closing of Palladium Mesquite, a new mixed-income community in the City of Mesquite. Palladium Mesquite, a $36 million investment in Dallas County, is the latest addition to Palladium USA’s portfolio of multifamily housing and its second multifamily community in Mesquite.

The new development will offer 111 amenity-rich residences featuring thoughtfully designed one, two, and three-bedroom floor plans. Of these, 95 homes are income-restricted across a range of AMI set-asides, and 16 homes are reserved at 140% of the area median income. Interior finishes will include granite countertops, nine-foot ceilings, hardwood-style flooring, dual sinks in primary baths, and covered balconies.

Upscale community amenities will include a resort swimming pool, state-of-the-art fitness center, conference center, business center, children’s playroom, community room, playground, athletic court, gazebos with grilling stations, and a clubroom featuring a mini-kitchen with upgraded appliances and quartz countertops. 

“We closed our equity and debt placement on August 28, 2025, and construction began. This project represents Palladium USA’s ongoing commitment to providing high-quality, mixed-income housing in Mesquite, Texas, and for the surrounding community. Palladium Mesquite will deliver 111 thoughtfully designed homes in two five-story buildings with a great amenity package. We are grateful to our partners and the City of Mesquite for helping bring more housing options to Dallas County,” says Tom Huth, President and CEO of Palladium USA.

"We are excited to once again work with Palladium on bringing workforce housing to Mesquite! This has been a high priority of the City Council in our efforts to provide a variety of housing choices for our growing community. Palladium has proven their commitment to developing quality communities, and we look forward to welcoming another project to our downtown area," Mayor Daniel Alemán Jr. said.

Palladium Mesquite was designed by HEDK Architects, and BBL Building Company will serve as the general contractor in partnership with Operation Community Care Living.  The financing structure for this placement included $17.6m in equity from Redstone, a $14m FHA 221(d)(4) loan arranged by Walker & Dunlop, a $13.1mequity bridge loan from Bridgewater Bank, $4m in TDHCA MFDL, and $500 in City of Mesquite local participation.

The new 4.74-acre multifamily community, located at 940 Military Parkway in Mesquite, offers convenient access to I-635 (LBJ Freeway), U.S. 80, I-30, and I-20. Preleasing is scheduled for Summer 2026, with the clubhouse and first units being delivered in Fall 2026.