JPI to Start Construction on Its 10th Irving-Las Colinas Community

JPI, the most active multifamily developer in the Dallas-Fort Worth
metroplex four years running, closed into construction today on a 9-acre
development in their backyard of Irving, adjacent to the University of
Dallas. The community will feature 282 apartment homes and premier
amenities, with close proximity to the Urban Center of Las Colinas.

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JPI closed into construction today on Jefferson Texas Plaza, which will feature 282 apartment homes and premier amenities, with close proximity to the Urban Center of Las Colinas.

“This is our 10th community in the Irving-Las Colinas submarket,” said
Matt Brendel, divisional president and managing partner at JPI. “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 will serve as a hub for residents who work in the
Las Colinas Urban Center – conveniently located off of Loop 12, less
than three miles from retail and restaurants as well as attractions
including an Alamo Drafthouse and the Toyota Music Factory. In addition,
the community will be less than two miles from Lake Carolyn, for those
residents looking for access to hike and bike trails and additional
green space.

“We are excited to continue strengthening our presence in Las Colinas,
delivering another community that residents will be proud to call home,”
said Brad Taylor, JPI’s chief development officer. “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 community will feature a resort-style pool, premium parking in
private garages, a state-of-the-art fitness and yoga studio, a
pedestrian trail directly connecting to the University of Dallas campus
trail, a two-story clubhouse with a coffee bar and a spacious dog park.

Individual apartment homes at Jefferson Texas Plaza will feature luxury
amenities including granite countertops, 10-foot ceilings, high-end
appliance packages, large balconies and spacious patios with private
yards on select ground-floor units.

About JPI

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 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 37 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, predevelopment, underwriting, marketing and asset
management services as well as construction, financial and
administrative services. To learn more about JPI, please visit JPI.com.

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