JPI Grows Again in Dallas
This 450-unit community is the first phase of a project in Grand Prairie.
The Jefferson Loyd Park community will be situated near Dallas and feature eight buildings. Image courtesy of Sterling Morris
JPI is looking to expand its multifamily development footprint in Grand Prairie, Texas, with a new 450-unit community. The developer has broken ground on the first phase of Jefferson Loyd Park and is expecting to welcome the community’s first occupants in January 2025.
The first phase of Jefferson Loyd Park will include one-, two- and three-bedroom units located across eight three-story walkup buildings. The Class A development will offer 10-foot ceilings, walk-in closets, full-size washer and dryer units, and a balcony or patio in each unit. The community’s amenities will include a pool with cabanas and a fitness center with virtual class offerings.
Located on more than 25-acres along Highway 360, between Debbie Lane and Broad Street, residents will have nearby access to Loyd Park and Joe Pool Lake. The community will also be near several retail and restaurant options. Kroger, Target and Starbucks locations are within a five-mile radius.
The developer tapped Demarest as the project’s architect, while Kimley Horn will serve as the civil engineer. The first phase of Jefferson Loyd Park also secured an undisclosed amount of project debt from Happy State Bank. Following the start of construction for the first phase, JPI plans to break ground on the community’s second phase in late 2023, with plans to complete the property in early 2026. Jefferson Loyd Park’s second phase will include 352 units and its own separate amenities building.
JPI solidifies presence in Grand Prairie
Besides Jefferson Loyd Park, JPI has worked on two other projects in Grand Prairie in the last 18 months. The developer is also constructing Jefferson Peninsula, a 283-unit Class A development, and is leasing Jefferson Vine, another 380-unit community in Grand Prairie.
Including Jefferson Loyd Park, the developer currently has more than 7,600 units under construction, more than 6,200 of which are located in North Texas. Outside of Grand Prairie, JPI is also currently working on the 360-unit Jefferson Cedar Ridge in Dallas.
