JPI Expands TX Footprint
- Jan 18, 2018
JPI has acquired land in Farmers Branch, Texas that will be developed into a new luxury community called Jefferson East Branch.
“Our data and research, along with our longstanding tradition of keeping our ears to the ground, convinced us a few years ago that Farmers Branch was certain to offer us a prime area to invest,” said Matt Brendel, senior vice president & development partner at JPI. “Jefferson East Branch will join that submarket’s JPI inventory of Jefferson Landmark and Jefferson Boardwalk.”
Located at 14175 Dallas Parkway, the community will be constructed in two phases, the first beginning in late 2018 and the second in spring 2020. Phase one will comprise 390 units at 869 square feet and phase two will feature 351 units at 872 square feet.
Interior features include conditioned corridors, washer/dryers in each apartment, separate showers and quartz countertops. The development will also house a rooftop deck and two-level mezzanine units on the top floor with 20-foot glass. Jefferson East Branch is within close proximity to nearby retail, dining and shopping in the area, such as Galleria Dallas. It will also provide access to Addison Circle, an 80-acre property that features half a million square feet of office and 120,000 square feet of retail space.
This same time last year, JPI secured the financing for Jefferson Mercer and Jefferson Creek, two other luxury communities in Farmers Branch and Richardson, Texas.
Rendering courtesy of JPI