Palladium City Skyline Opens at 4909 East Lancaster

Palladium City Skyline, a 243-unit affordable community, has opened at 4909 East Lancaster Avenue in Fort Worth. The four-story building sits on eight acres in the 4900 block of East Lancaster. Palladium USA developed the project; Arrive Architecture Group designed it.

All 243 units are income-restricted, serving households at 30%, 60%, 70% and 80% of area median income. The $65 million development is a public-private partnership between Palladium USA and the Fort Worth Housing Finance Corp. Financing included a $6 million TDHCA multifamily direct loan, $30 million in tax-exempt bonds and roughly $30 million in 4% Housing Tax Credits. Regions Bank provided $27 million in equity and $30 million in long-term debt.

Construction began in August 2024, and the complex opened in June 2026. It was about 37% occupied as leasing continued. Amenities include a resort-style pool, fitness center, clubhouse with mini-kitchen, business center, playground, indoor children's playroom and dog park. The property also houses a free children's learning lab. It is the first new private construction in Fort Worth's Public Improvement District #20 in two decades.