A big new neighbor is heading for McKinney's Craig Ranch Town Center. Developer Palladium USA is moving ahead with plans for a 327-unit apartment community called Palladium Craig Ranch, set on roughly 4.7 acres at 7909 Collin McKinney Parkway. The four-story project will wrap around a concrete parking structure and is planned as a market-rate community with a hefty amenity list. Construction is expected to kick off in early 2026, with preleasing targeted for mid-2027 and first move-ins in summer 2027.
Project details and timeline
The community's 327 apartment homes are slated to total more than 275,000 rentable square feet, with units averaging about 842 square feet. The mix includes 35 efficiency homes, 165 one-bedrooms, 119 two-bedrooms and eight three-bedrooms. Many apartments are planned to feature stainless steel appliances, balconies and in-unit washers and dryers.
On the shared-amenities side, plans call for a resort-style pool, an activity courtyard, a dog park and dog spa, plus a fitness center. In a release, Palladium President and CEO Tom Huth said the development represents the high-quality housing and long-term investment that aligns with our mission and growth, a sentiment that helps explain why the company is planting such a dense community in the heart of Craig Ranch. Those details were outlined in the developer's release and reported by Community Impact.
Design and permitting
State filings identify HEDK Architects as the design firm for the leasing center and confirm the site at 7909 Collin McKinney Parkway. The Texas Department of Licensing and Regulation project page lists a 7,500-square-foot leasing center and notes that architectural review is complete.
Those records line up with planning documents describing a four-story wrap design with structured parking and an anticipated construction start in the first quarter of 2026, according to the Texas Department of Licensing and Regulation's project page.
Financing and partners
Project officials closed on the development March 3, with financing support from Gershman Investment Corp. and equity coming from Phoenix Capital alongside Palladium USA, according to the release. Brownstone Construction, Cross Engineering and Operation Community Care Living are among the firms listed for construction, engineering and community-related contributions. The financing structure and partner lineup were detailed in the developer's release and reported by Community Impact.
Where this fits in Craig Ranch
The Palladium site is one of the town-center parcels Craig Ranch has been holding for more urban-style uses as nearby hospitality and entertainment options have grown. McKinney signed off on incentives in 2025 for a JW Marriott resort at Craig Ranch, a move that highlighted the push for hotels and mixed-use amenities in the area, as detailed by Craig International.
Industry pipeline trackers list Palladium Craig Ranch among planned multifamily projects in the broader Dallas-Fort Worth pipeline, offering a snapshot of how those town-center parcels are getting built out, per MMG Real Estate Advisors.
Site activity is expected to become noticeable as permitting and site preparation move ahead, and McKinney residents can look for public notices tied to that work. We will be watching permit filings, construction milestones and the leasing schedule as the project heads toward its mid-2027 preleasing goal.
