JPI Breaks Ground on Fort Worth Community
- Oct 24, 2018
JPI has broken ground on Jefferson River East, a 400-unit multifamily community in the Riverside Park neighborhood of Fort Worth, Texas. Fifth Third Bank is acting as the senior lender for the project, while CrossHarbor Capital Partners is serving as the preferred equity provider.
Located at the intersection of Oakhurst Scenic Drive and East Belknap Street, the 8-acre property is adjacent to the newly renovated Riverside Park and Trinity River. Interior features will include 10-foot ceilings, balcony/patios, ground-floor private yards, separate glass-enclosed showers, full sized washer/dryers and side-by-side refrigerators and icemakers. Residents will have access to common area amenities including:
- two resort-style pools
- two luxury clubhouses
- “speakeasy-style” amenity area
- two sky lounges
- state-of-the-art fitness center
- yoga studio
- concierge service
- pedestrian trail
“This is truly an exciting time to be in Fort Worth,” said Matt Brendel, divisional president & managing partner at JPI, in a prepared statement. “Fort Worth is home to over 80,000 businesses including household names such as American Airlines, Lockheed Martin and BNSF Railway. With the abundance of employment and entertainment options available, we feel there is no better place than Fort Worth for Jefferson River East.”
Jefferson River East is located within close proximity to downtown Fort Worth, as well as the Fort Worth Medical District and Fort Worth Stockyards District.
Back in August, JPI closed on phase two of Jefferson Mercer, which will add 416 homes to an already planned 424 homes in Farmers Branch, Texas.
Image courtesy of JPI