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As Growth in Farmers Branch Remains Steady, JPI Continues to Meet the Need for Multifamily Housing

December 19, 2018

IRVING, Texas--(BUSINESS WIRE)--Dec 19, 2018--As the most active developer in Dallas-Fort Worth, JPI has seen firsthand how Farmers Branch, among the fastest-growing suburbs in the Metroplex, has flourished over the past couple of years. With more than 250 corporate headquarters and booming progress, JPI chose Farmers Branch as the site of their newest development, Jefferson East Branch, which will bring 390 new apartment homes to the North Dallas community.

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Jefferson East Branch, located along the Dallas North Tollway south of Spring Valley Road, is one of the last available sites along the tollway. (Photo: Business Wire)

“Farmers Branch has been growing at a rapid pace, and we don’t foresee that slowing down any time soon,” said Matt Brendel, divisional president and managing partner at JPI. “We want to ensure that the residents of Farmers Branch have the highest-quality multifamily living easily accessible to them, and that’s exactly what Jefferson East Branch will provide. Its location, amenities, quality and service – everything will be top-of-the-line.”

Jefferson East Branch, located along the Dallas North Tollway south of Spring Valley Road, is one of the last available sites along the tollway. The community is less than one mile from Galleria Dallas, which holds Macy’s, Nordstrom and recently named “Hotel of the Year” Westin Galleria, and welcomes around six million annual visitors.

The community will also be less than two miles from Addison Circle, which encompasses over a half million square feet of office space as well as 120,000 square feet of retail space. At the center of Addison Circle is Addison Circle Park, a 10-acre park which provides an oasis for residents to escape the big city and enjoy the natural surroundings.

Within the community, residents will be able to utilize a two-story state-of-the-art fitness center and yoga studio, a resort-style pool, and a 2,400-square-foot “sky lounge,” as well as a dedicated office space for those who work from home.

Individual apartment homes at Jefferson East Branch will feature urban-style architecture with luxurious interiors and extensive amenities such as:

Minimum 10-foot ceilings Balconies and patios with ground-floor private yards Separate glass-enclosed showers Washers and dryers included Urban mudrooms

Jefferson East Branch will be built in two phases. The first phase, which will deliver 390 apartment homes, is under construction. Its first apartment homes are scheduled to be delivered in the third quarter of 2020.

Texas Capital Bank is the lender for the project. WDG Architecture, Dement Designs and Kimley-Horn and Associates collaborated as the design team.

About JPI

JPI is a national developer, builder and investment manager of Class A multifamily assets across the U.S. and is the most active multifamily developer in Dallas-Fort Worth, with over 5,000 apartment homes under construction. Headquartered in Irving, Texas, JPI also has offices in California, Arizona and New York. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI’s executive leadership team has an average of 25 years of comprehensive experience in multifamily developments – ranging from low-density garden apartments and mid- to high-density wrap and podium projects to student-living housing projects and mixed-use high-rise developments. The firm offers investment management, predevelopment, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005621/en/

CONTACT: JPI MEDIA CONTACT

Chelsea O’Neal

chelsea_oneal@richards.com

214-891-7731

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: JPI

Copyright Business Wire 2018.

PUB: 12/19/2018 04:06 PM/DISC: 12/19/2018 04:06 PM

http://www.businesswire.com/news/home/20181219005621/en

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