JPI ANNOUNCES CLOSING ON 346-HOME COMMUNITY IN ARLINGTON
FOR IMMEDIATE RELEASE
Jefferson North Collins Will Provide Luxury Amenities Surrounded By Entertainment And Event Centers
IRVING, Texas (October 30, 2019) – JPI is proud to announce a close on financing for its newest project in a long line of successful Class A multi-family communities, Jefferson North Collins. This new development has a footprint of 300,000 square feet and sits on nearly 16-acres of land. The stunning community will open its doors in July 2021 and fully complete construction in December 2021.
Jefferson North Collins will be constructed at Madison Drive and Washington Drive, a prime location for events and entertainment in the area. Arlington is the seventh largest city in Texas and the third largest in the Dallas-Fort Worth area. Known as the “Entertainment Capital of Texas,” Arlington is home to Six Flags Over Texas, Hurricane Harbor, and the AT&T Stadium. The community will be located just five miles from 25,000 jobs at the new American Airlines headquarters and will also be in close proximity to The University of Texas at Arlington campus.
Also near by, the Texas Rangers are building their new state-of-the-art Globe Life Field, which will seat approximately 41,000 fans. The new stadium is adjacent to Texas Live!, a $250 million entertainment development that opened in 2018. The venue includes a 302-room hotel and event space, Grand Event Center, PBR Cowboy Bar, and 200,000 square feet of retail, dining and entertainment open year-round.
“Bringing a new multi-family community to such a vibrant and exciting area is a great opportunity for us,” said Payton Mayes, Executive Vice President and Regional Managing Partner at JPI. “Arlington has so much to offer, whether you’re looking for work, entertainment, or education. We look forward to seeing Jefferson North Collins become a thriving center of work and leisure for our residents.”
Jefferson North Collins will be a gated community with controlled access, exclusively offering residents a suite of amenities, including:
- Four acres of green space on site
- Resort-style pool
- Dog park
- State-of-the-art fitness center
- Yoga studio
- Business center
- Wireless connection in all common areas
Each unit will also include its own set of luxury features, including a side-by-side refrigerator with icemaker, urban 10-foot ceilings, walk-in closets, balconies and patios with ground floor private yards, granite countertops, designer appliance package, and full-sized washer and dryer. The average home size will be 942 square feet.
“I’m proud of the project we’re starting here in Arlington,” said Blake Taylor, Vice President and Area Development Partner at JPI. “It’s a city full of energy and ambition, and Jefferson North Collins is going to fit right in. I can’t think of a better way for JPI to make an impression than to bring a luxurious multi-family community to the center of it all.”
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 an office in California. 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, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.