"Transforming Lewisville with Affordable Housing from Palladium USA"

Overview

The four-story apartment complex, which costs $30 million and consists of 90 units, is Palladium USA's inaugural multifamily development in Lewisville. It is located at 305 E. Round Grove Road and will offer a diverse mix of one-, two-, and three-bedroom units. These units will be equipped with modern features such as granite countertops, a balcony or terrace area, and hard floors. The complex also boasts an array of amenities including a resort-style swimming pool, a fitness center, a conference and business center, a children's playroom, and a clubroom with a mini-kitchen.

The amenities are designed to enhance the living experience of residents, providing them with a range of recreational and functional spaces. The resort-style swimming pool offers a refreshing oasis, while the fitness center allows residents to stay active and healthy. The conference and business center is ideal for those who need a professional space for work or meetings, and the children's playroom provides a safe and fun environment for kids. The clubroom with a mini-kitchen is a great gathering place for residents to socialize and enjoy each other's company.

Looking Ahead

The first units and the clubhouse area are expected to be completed by December 2025, as per the news release. This is an exciting milestone that will bring much-needed housing to the hardworking families in Lewisville. Pre-leasing for the units is expected to begin by winter 2025, giving potential residents the opportunity to secure their homes in this new development.

The construction of this affordable housing project is a strategic investment that aligns with the goals of the Lewisville City Council. It will enhance the vibrancy of the city by creating accessible living options near schools, jobs, and amenities. This, in turn, will contribute to a higher quality of life for Lewisville residents and help meet the housing needs of the community.