JPI on Path to Become Largest Multifamily Developer in DFW
Dallas—A national developer, builder and investment manager of Class A multifamily assets is adding two new communities to its list of active projects in the Dallas/Fort Worth market.
JPI launched construction on Jefferson Riverside and Jefferson Stonebriar, two new luxury multifamily communities. After breaking ground on both projects this summer, JPI is on its way to becoming one of the largest multifamily developers in the DFW market. With nearly 2,300 apartment homes currently in the works or recently completed, JPI anticipates this figure will grow to more than 3,000 apartment homes in the market by the end of the year. With more than 25 years of successful developments in major U.S. markets, JPI established itself at the top of the DFW market.
“DFW has a high demand for quality multifamily development, and we are pleased with the response to JPI’s product. Our luxury developments offer high-end interior and exterior finishes and top-tier amenities,” said Matt Brendel, JPI’s development partner. “It has been a tremendous year for JPI, and we plan to keep up the momentum through the end of 2015 and into 2016.”
The new projects will bring nearly 800 apartment homes to JPI’s portfolio in the DFW market. Jefferson Riverside, situated at the southwest corner of Northwest Highway and Riverside Drive in the Las Colinas Urban Center of Irving, Texas, will offer 371 apartment homes. Jefferson Stonebriar, located at the northeast corner of Gaylord Parkway and Ohio Drive in Frisco, Texas, will offer 424 apartment homes… Read More