Palladium USA hosted a grand opening celebration on May 13 for Palladium Park Row Katy Living, a $33 million mixed-income multifamily community in the Katy area of western Harris County. Project partners, community leaders, and residents gathered to celebrate the new property, which offers modern apartment homes for individuals and families in a growing area of Harris County.
“Today, we are proud to celebrate with our residents at the grand opening of Palladium Park Row Katy Living,” said Kim Parker, Executive Director Development for Palladium USA. “With one of the fastest lease-ups in our company’s history, Palladium Park Row Katy Living delivers 93 high-quality, attainable homes with modern amenities for individuals and families in the Katy area. We thank Harris County, the Harris County Housing Finance Corporation, our partners, our residents, and our on-site team, and we remain committed to strong property operations and long-term stewardship.”
The three-story community includes 93 apartment homes, with 58 income-restricted affordable units for households earning between 30% and 80% of the Area Median Income (AMI) and 35 market-rate units. The property reached full occupancy in less than three months – a timeline that far outpaces the typical year-long lease-up period for most properties, according to Palladium USA leasing data. The accelerated lease-up underscores the depth of demand for high-quality, attainable housing in the Katy area.
Situated on 3.2 acres, Palladium Park Row Katy Living features one-, two-, and three-bedroom floor plans with upgraded finishes, including granite countertops, 42-inch cabinetry, hard-surface flooring, designer lighting packages, large closets, and private balconies. Community amenities include a resort-style swimming pool, fitness center, business center, dog park, children’s playroom, sports court, grilling areas, EV charging stations, and a resident clubhouse with gathering spaces and upgraded finishes.
Palladium Park Row Katy Living is a public-private partnership with the Harris County Housing Finance Corporation (HCHFC) and is supported by funding from Harris County, the Texas Department of Housing and Community Affairs, and PNC Bank.
Palladium Park Row Katy Living was developed by Palladium USA in partnership with the Harris County Housing Finance Corporation, designed by HEDK Architects, and built by The Brownstone Group.
The Harris County Housing Finance Corporation (HCHFC) creates affordable housing opportunities for Harris County residents. The Corporation is authorized to issue debt for the purpose of supporting affordable single-family home mortgages or interests and providing financing for multi-family housing projects for low- and moderate-income owners. The Corporation is led by a nine-member Board of Directors appointed by Harris County Commissioners Court.
