A New Jewel in Las Colinas's Crown

JPI Secures Funding and Breaks Ground on Premier Class A Multifamily Community

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Jun 14, 2017, 09:30 ET

IRVING, Texas, June 14, 2017 /PRNewswire/ -- Dallas Metro's Las Colinas submarket is embarking on the next chapter of its success story. Jefferson Eastshore, a 286-home Class A luxury apartment community has closed financing and started construction, according to experts at JPI, a leader in the development of Class A multi-family housing. The community will feature modern amenities such as conditioned corridors, a rooftop terrace overlooking Lake Carolyn, urban mud rooms, private yards, separate showers, and quartz countertops and is expected to be begin initial occupancy in fall of 2018.

"Las Colinas continues to outperform the Dallas Metro submarket," said Matt Brendel, senior vice president and development partner at JPI. "With its access to the best lifestyle amenities the submarket has to offer, we predict Jefferson Eastshore will be extremely successful."

The community sits on Lake Carolyn, just a block away from the Irving Music Factory and Water Street, scheduled to open later this year. Current residents and newcomers to the area will be attracted to Jefferson Eastshore's innovative apartment amenities along with life in close proximity to Las Colinas's modern live/work/play offerings, including:

Direct promenade access to Lake Carolyn
Resort-style pool overlooking the lake
State-of-the-art fitness center and Yoga studio
Walking distance to the Irving Convention Center DART station

"Las Colinas is JPI's home and we are proud that our investment in the area has contributed to the area's success," added Brendel. "We know firsthand that Jefferson Eastshore residents will enjoy the best of Las Colinas living."

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 DFW with 3,874 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 US 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 25 years of comprehensive experience in multifamily developments – ranging from low-density garden apartments, mid to high-density wrap and podium projects, student living housing projects and mixed-use high raise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.JPI.com.

SOURCE JPI