JPI ADDS TO NORTH TEXAS PORTFOLIO WITH JEFFERSON ROCKHILL IN MCKINNEY
FOR IMMEDIATE RELEASE
JPI’s first McKinney property offers convenient access to two of the fastest-growing employment hubs in DFW
IRVING, Texas (Jan. 6, 2020) – JPI announced today the close of construction financing on Jefferson Rockhill, a Class A multifamily development that will feature urban-style architecture, extensive amenities and upgraded interiors and is located just off of US-75 in McKinney, Texas. The community will feature 354 apartment homes and is expected to open in Summer 2021. Jefferson Rockhill joins nearly 20 other JPI projects that are currently operating or under construction in the North Texas region.
“The entire JPI team is elated to enter the McKinney market,” said Miller Sylvan, senior vice president and development partner for JPI’s Central Region. “McKinney is in the heart of the growing DFW economic boom, and Jefferson Rockhill will put residents just a short drive away from the top employment centers in McKinney, Allen, Plano, Frisco and Richardson, while still offering convenient access to other parts of the Metroplex.”
Spread over 16 acres, Jefferson Rockhill will offer residents unmatched community amenities, including a resort-style pool, putting green and seating area, enclosed dog park, beer garden, state-of-the-art fitness center and yoga studio, coffee bar, concierge service and more. In addition, the community will connect to a trail system leading to the public Towne Lake Recreation Area and community center.
Apartment homes will feature the latest urban design finishes, including hardwood look flooring, designer kitchen spaces with islands, 10-foot ceilings, balconies and patios with ground floor private yards and full-sized washers and dryers in all units, among other upgrades.
“Jefferson Rockhill sits on a large piece of land, allowing us to offer some incredible onsite amenities to residents while remaining convenient to some of the area’s best restaurants and entertainment offerings, including Historic Downtown McKinney, Legacy West, and The Village at Allen,” said Payton Mayes, executive vice president and regional management partner at JPI.
For this project, JPI will retain partnerships with many of the top consultants within the multifamily industry, including Womack + Hampton, Kimley-Horn, RTM Engineering Consultants, Viewtech, Inc., and Keaton Interiors. JPI is partnering with First United Bank who is providing financing for the Project.
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.
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