JPI Broke Ground on Two New Luxury Multifamily Developments in DFW

FRISCO, Texas - Sept. 30, 2015 - PRLog -- JPI, a national developer, builder and investment manager of Class A multifamily assets, has two new luxury multifamily communities to add to its list of active projects in the Dallas/Fort Worth market – Jefferson Riverside and Jefferson Stonebriar. After breaking ground on both projects this summer, JPI is on track to be one of the largest multifamily developers in the DFW market. With nearly 2,300 apartment homes currently under construction or recently completed, JPI expects this figure to grow to more than 3,000 apartment homes in DFW by year end. With more than  25 years of successful developments throughout the major U.S. markets, JPI has established itself at the forefront of the DFW market.

“DFW has a high demand for quality multifamily development, and we are pleased with the response to JPI’s product. Our luxury developments offer high-end interior and exterior finishes and top-tier amenities,” said Matt Brendel, JPI’s development partner. “It has been a tremendous year for JPI, and we plan to keep up the momentum through the end of 2015 and into 2016.”

The company began work on two new developments this summer adding nearly 800 apartment homes  to its project portfolio in the DFW  market. Jefferson Riverside, located at the southwest corner of Northwest Highway and Riverside Drive in the Las Colinas Urban Center of Irving, Texas, will include 371 apartment homes. Jefferson Stonebriar located at the northeast corner of Gaylord Parkway and Ohio Drive in Frisco, Texas, will include 424 apartment homes.

Both communities, Jefferson Riverside and Jefferson Stonebriar, are set to begin leasing in summer 2016 with completion scheduled for 2017.

In addition to Jefferson Riverside and Jefferson Stonebriar, other notable JPI communities recently completed or under construction in DFW include:

·         Jefferson Creekside – 444 apartment homes completed June 2014, located in Allen, Texas

·         Jefferson Center (http://www.jeffersoncenterapts.com/) – 360 apartment homes completed April 2015, located in Richardson, Texas

·         Jefferson Las Colinas (http://www.jeffersonlascolinas.com/) – 386 apartment homes, mid-rise community, located in the Las Colinas area of Irving, Texas

·         South Side Flats by Jefferson (http://www.southsideflats.com/south-side-flats-dallas-tx) – 290 apartment homes, mid-rise community, located in the South Side neighborhood of Dallas

JPI’s rapidly increasing development activity comes on the heels of the company’s recent announcement of the opening of its new Austin office which will target multifamily development in the Austin, San Antonio and Houston markets for JPI.

JPI projects recently completed or under construction in other Texas markets include:

·         Cielo (http://www.livecielo.com/) – 326  apartment homes completed April 2014, located in Bee Cave / Lake Travis area of Austin, Texas

·         Madrone (http://www.livemadrone.com/) – 228 apartment homes completed April 2015, located in Bee Cave / Lake Travis area of Austin

·         Sur 512 by Jefferson (http://www.livesur512.com/) – 352 apartment homes, mid-rise community, located on South Congress in Austin

·         Jefferson Heights (http://www.jheightsapts.com/) – 198 apartment homes, mid-rise community, located in the Heights area of Houston

JPI has developed more than 300 projects consisting of more than 90,000 units located in 126 cities covering 27 states and Canada.

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About JPI

JPI currently has nearly 3,400 units under construction in Texas, California, Arizona, New York and Massachusetts and has asset management responsibilities for more than 6,700 units nationwide.  JPI has plans to develop an additional 3,000 units over the next 18 months that are in various stages of planning and pre-development and is currently raising capital to complement its venture platforms in order to fund its expansion and business plan. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.jpi.com.