JPI Advances Revitalization Efforts of Orange County Community With Close of Jefferson Centerpointe
Proximate to major employment hubs, entertainment destinations and higher education institutions, Jefferson Centerpointe will offer residents an unparalleled living experience
IRVING, Texas – JPI announced today the close of construction financing of Jefferson Centerpointe, a mixed-use development that will consist of 418 luxury multifamily units and more than 8,200 square feet of retail space in Placentia, Calif., an up-and-coming community on the edge of North Orange County.
Jefferson Centerpointe will aid in Placentia’s planned revitalization, which includes a reimagining of the city’s Old Town area, located just .2 miles from the development, into a small-scale, walkable urban center that highlights Placentia’s historical and cultural diversity. A new Metrolink rail station will also be developed within walking distance of Jefferson Centerpointe and Old Town via a pedestrian bridge, offering residents direct, car-free access to Downtown Los Angeles in less than one hour.
“The City of Placentia is full of promising opportunity for young people and families alike, and JPI is proud to play a small part in the future of this growing area,” said Chris Livoni, JPI’s senior vice president and regional development partner. “Every detail of Jefferson Centerpointe, from its best-in-class design to prime location and amenities, will aid in attracting future residents to this up-and-coming hot spot community.”
Additionally, Jefferson Centerpointe will be situated less than two miles away from California State University Fullerton, one of the county’s largest employers, and five miles away from Anaheim’s Platinum Triangle, a future entertainment district that will boast commercial office buildings and retail space near the cities’ two major sports venues, Angel Stadium and Honda Center. More than 1,250,000 jobs will be accessible within a 30-minute rush-hour commute from Jefferson Centerpointe.
Conveniently located adjacent to the CA-57 freeway, Jefferson Centerpointe will be developed on 4.6 acres as a five-story, wrap structure with street-level retailers. It will offer spacious studio, one, two, and three-bedroom units, as well as provided parking via an adjacent, multi-level parking structure.
The community will feature a mix of the luxurious amenities standard to all Jefferson developments, including a rooftop terrace, a bicycle storage and repair room, electric vehicle charging stations, a state-of-the-art fitness center, a resort-style pool with cabanas, private courtyards and more. Unit amenities will include French doors, stainless steel appliances, full-sized washer and dryer units, quartz countertops, SMART home technology and more.
Completion of construction is targeted for Spring 2023, with initial units available for lease in September 2022. JPI’s partners for this transaction include TCA Architects. East West Bank, Preferred Bank and Poppy Bank provided the financing for this development.
Jefferson Centerpointe will be located at 501 W. Crowther Ave.