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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

JPI to Start Construction on Its 10th Irving-Las Colinas Community

February 19, 2019
JPI closed into construction today on Jefferson Texas Plaza, which will feature 282 apartment homes and premier amenities, with close proximity to the Urban Center of Las Colinas.

IRVING, Texas--(BUSINESS WIRE)--Feb 19, 2019--JPI, the most active multifamily developer in the Dallas-Fort Worth metroplex four years running, closed into construction today on a 9-acre development in their backyard of Irving, adjacent to the University of Dallas. The community will feature 282 apartment homes and premier amenities, with close proximity to the Urban Center of Las Colinas.

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JPI closed into construction today on Jefferson Texas Plaza, which will feature 282 apartment homes and premier amenities, with close proximity to the Urban Center of Las Colinas.

“This is our 10th community in the Irving-Las Colinas submarket,” said Matt Brendel, divisional president and managing partner at JPI. “Over the years, we have developed a deep knowledge of this submarket. We understand the residents and their lifestyle – where they work, how they spend leisure time, and what is most important to them in choosing a home. Jefferson Texas Plaza is going to provide an unrivaled living experience to meet their needs.”

Jefferson Texas Plaza will serve as a hub for residents who work in the Las Colinas Urban Center – conveniently located off of Loop 12, less than three miles from retail and restaurants as well as attractions including an Alamo Drafthouse and the Toyota Music Factory. In addition, the community will be less than two miles from Lake Carolyn, for those residents looking for access to hike and bike trails and additional green space.

“We are excited to continue strengthening our presence in Las Colinas, delivering another community that residents will be proud to call home,” said Brad Taylor, JPI’s chief development officer. “Las Colinas is a thriving submarket that has undergone tremendous economic growth within the last several years. New developments, such as the Pavilion at the Toyota Music Factory and other retail entities, have made Las Colinas a popular and lively destination where people can truly live, work and play.”

The community will feature a resort-style pool, premium parking in private garages, a state-of-the-art fitness and yoga studio, a pedestrian trail directly connecting to the University of Dallas campus trail, a two-story clubhouse with a coffee bar and a spacious dog park.

Individual apartment homes at Jefferson Texas Plaza will feature luxury amenities including granite countertops, 10-foot ceilings, high-end appliance packages, large balconies and spacious patios with private yards on select ground-floor units.

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 37 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.

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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 2019.

PUB: 02/19/2019 11:02 AM/DISC: 02/19/2019 11:02 AM

http://www.businesswire.com/news/home/20190219005686/en