|
|
For
Immediate Release:
JPI Begins Construction on Jefferson at Aspen Ridge in Aurora, Colorado
(Denver, CO) April 4, 2001
-- JPI, one of the country's largest luxury apartment developers, has begun
construction on Jefferson at Aspen Ridge, announced J. Frank Miller III, Chairman
and CEO. Scheduled to open in February, 2002, the 468-unit community is situated
within close proximity to employment centers including the Denver Tech Center,
Buckley Air Force Base and the DIA corridor, with easy access to E-470 and I-70.
"As the amount of available land diminishes, home prices increase, the
cost of borrowing increases, and current apartment communities are converted
into condominiums, the demand for rental housing is increasing significantly,"
states Brad Taylor, Senior Vice President and Regional Managing Partner for
the Rocky Mountain Region. "The Denver economy continues to outperform
most metros in the US, spurring the need for increased quality housing alternatives."
Jefferson at Aspen Ridge will consist of 468 luxury apartment homes in 3-story
garden?style buildings. The site contains approximately 28 acres and is bordered
by Tower Road on the west and Iliff Avenue on the south.
As a JPI standard, all units will feature microwaves, six-panel doors, crown
molding and fireplaces. Washers and dryers will also be included in select units.
The clubhouse will feature a state-of-the-art fitness center, laundry facility,
and a business center equipped with computers, fax, and copier. Exterior amenities
will include a resort-style pool and spa along with a children's playground.
JPI has become one of the major residential developers in Colorado. In Denver
alone, JPI has over 1,800 apartment homes in various stages of development or
construction. JPI's has developed luxury apartment communities throughout Colorado,
including Denver, Aurora, Douglas County, Broomfield, Lakewood, Englewood and
Colorado Springs.
JPI is one of the nation's largest luxury apartment developers, providing acquisition,
development, construction, property management, asset management, leasing, and
disposition services for its multifamily and student housing communities nationwide.
JPI is currently developing apartment communities in Arizona, California, Colorado,
Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Missouri, Nevada,
New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina,
Tennessee, Texas, Virginia, Washington and West Virginia. The Dallas-based company
is also pursuing new developments nationwide and currently provides property
management and leasing services for more than 24,000 apartment homes throughout
America.
JPI maintains a significant investment partnership with GE Capital to build
multifamily communities across the country. Last year, JPI broke ground on more
than 9,000 new apartment homes and was active in the acquisition of various
apartment communities. For the past three years, Builder magazine has named
JPI one of the top three apartment builders in the nation.
JEFFERSON AT ASPEN RIDGE FACT SHEET
Property Facts
468 apartment homes
Located on approximately 28 acres in bordered by Tower Road on the west and
Iliff Avenue on the south.
Clubhouse to open January 2002
Expected completion date for the community is March 2003
Leasing Facts
Features one-, two- and three-bedroom floor plans Rent range: approx. $866 to
$1,475
Apartment sizes range from 747 to 1,276 sq. ft. Pre-leasing to begin November
2001
Community Amenities
Apartment Amenities
Architectural Firm - Pucciano & English, Inc.
Return to Press Release Table
of Contents
