JPI, a multifamily developer in the Dallas-Fort Worth metroplex, is set to begin construction on Jefferson Texas Plaza, a nine-acre development in Irving, adjacent to the University of Dallas.
The community will consist of 282 apartment homes and premier amenities, with close proximity to the Urban Center of Las Colinas.
JPI divisional president and managing partner Matt Brendel said: “This is our 10th community in the Irving-Las Colinas submarket. Over the years, we have developed a deep knowledge of this submarket.
“We understand the residents and their lifestyle – where they work, how they spend leisure time, and what is most important to them in choosing a home.
“Jefferson Texas Plaza is going to provide an unrivaled living experience to meet their needs.”
Jefferson Texas Plaza is expected to serve as a hub for residents who work in the Las Colinas Urban Center, located off Loop 12, less than three miles from retail and restaurants as well as attractions, such as Alamo Drafthouse and the Toyota Music Factory.
The community will also be less than two miles from Lake Carolyn for residents looking for access to hike and bike trails and additional green space.
JPI chief development officer Brad Taylor said: “We are excited to continue strengthening our presence in Las Colinas, delivering another community that residents will be proud to call home.
“Las Colinas is a thriving submarket that has undergone tremendous economic growth within the last several years.
“New developments, such as the Pavilion at the Toyota Music Factory and other retail entities, have made Las Colinas a popular and lively destination where people can truly live, work and play.”
The new community will include a resort-style pool; premium parking in private garages; modern fitness and yoga studio; pedestrian trail connecting to the University of Dallas campus trail; two-storey clubhouse with a coffee bar; and a dog park.
Individual apartment homes will feature luxury amenities, including granite countertops, 10ft ceilings, high-end appliance packages, large balconies and spacious patios with private yards on select ground-floor units.
Texas-based JPI is a developer, builder and investment manager of Class A multifamily assets across the US and has more than 5,000 apartment homes under construction.
It offers investment management, predevelopment, underwriting, marketing and asset management, construction, financial and administrative services.
Image: Rendering of Jefferson Texas Plaza near the University of Dallas. Photo: Courtesy of JPI / Business Wire.