SAN ANTONIO – Palladium USA, in partnership with the San Antonio Housing Trust Public Facility Corp., has broken ground on Palladium Crestway, a $65 million affordable housing project.
The three-story building will have 271 units with one-, two-, and three-bedroom floor plans. Amenities will include a pool, fitness center, conference center, sports court, dog park, computer lounge, children’s playroom, and clubroom with a mini kitchen.
The San Antonio Housing Trust PFC issued $31 million in tax-exempt bonds that were purchased by Cedar Rapids Bank & Trust. PNC Bank provided a $27 million equity investment.
Dynamic Commercial Real Estate represented Palladium USA in the land purchase. Cross Architects is listed as the designer, and Brownstone Construction is the project’s general contractor.
Completion is slated for winter 2024.