Dallas-Fort Worth’s Most Active Developer Closes on Jefferson Centura II
FOR IMMEDIATE RELEASE
Dallas-Fort Worth’s Most Active Developer Closes on Jefferson Centura II, the Second Phase of their North Dallas Project Plan
IRVING, Texas (May 26, 2019) – Located in a beautiful central Dallas hub, Farmers Branch is one of the fastest-growing suburbs in the metroplex. This steadily flourishing area boasts more than 250 corporate headquarters and is known as a premier transporation center for North Dallas. JPI is proud to add to the area’s growth and today announced the company has closed construction financing on Jefferson Centura II, the second phase of its North Dallas expansion.
“As the oldest settlement in Dallas County, Farmers Branch offers the unique live-work-play environment people are looking for, which is why we’re continuing to grow this area,” said Matt Brendel, divisional president and managing partner for JPI’s Central Region. “What started with Jefferson East Branch in 2018 will continue with phase two to provide a total of nearly 750 apartment homes to ensure residents have the highest quality living accessible to them.”
The second phase of Jefferson Centura will be less than two miles from well known Addison Circle, which encompasses over a half million square feet of office space and 120,000 square feet of retail space. The area is anchored by Addison Circle Park, a 10-acre city escape that serves as a community park and event center for activities throughout the year. Jefferson Centura II is also less than a mile from Galleria Dallas, one of the largest mixed-use facilities in North Texas. The mall consists of the three levels of shopping and dining covering over 43 acres.
“We’re proud of the hard work that has gone into making Jefferson Centura II a reality,” said Brad Taylor, chief development officer and national managing partner at JPI. “This incredible design team has come together again for this second phase to create an industry leading luxury apartment community we know future residents will call home.”
Jefferson Centura II will feature urban-style amenities and quality upgraded interiors. On the property, residents can utilize the state-of-the-art fitness center and yoga studio, as well as a resort-style pool, and rooftop dog park with a large fenced off-leash area and multi-station indoor dog wash.
Each apartment home at Jefferson Centura II will include unrivaled amenities such as:
Urban 10-foot ceilings
Balconies and patios with ground-floor private yards
Separate glass-enclosed showers
Full sized washers and dryers in all units
Synovus Bank is the lender for the project, while Clarion Partners serves as equity partner. WDG Architects will lead the design team.
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 4,000 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, 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.