A rendering of Palladium USA International Inc.’s apartment development in Las Colinas.

An international developer is expected to break ground on a $60-million apartment complex near Red Bird Mall this week.

Palladium USA International Inc. is planning a 300-unit, four-story residential development with a five-story above-ground parking garage. The new development won’t displace anyone; it will be built entirely on what previously was parking lots serving the mall and other retail, plus land from the demolished JC Penney.

This is the first development of its kind in the Red Bird area in years. It’s part of a $160-million redevelopment of Red Bird Mall, originally built in 1974, to turn the area into more of a cultural center.

An artist’s rendering of the redeveloped Red Bird Mall.