Grapevine's Commercial Growth Spurs Luxury Multifamily Development

JPI'S Jefferson Silverlake to offer easy access to work and leisure

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Jan 08, 2018, 10:30 ET

IRVING, Texas, Jan. 8, 2018 /PRNewswire/ -- Punctuating Grapevine's recent dynamic growth, JPI, the North Texas leader in multifamily development, announced today the start of construction on Jefferson Silverlake. The luxury multifamily development, a 371-apartment home community located at State Highway 26 and Bass Pro Drive, will be a stone's throw from the new US headquarters for Kubota Tractor and two high-profile transportation projects: The DFW Connector expansion of highway 114 and 121; and the future TEX Rail Grapevine Main Street station.

JPI announced the start of construction on Jefferson Silverlake, a luxury multifamily development located at State Highway 26 and Bass Pro Drive in Grapevine, Texas.

"The Grapevine-Colleyville ISD public school system and its 11 National Blue Ribbon Schools are a great draw for anybody moving to the area," said Brad Taylor, JPI's chief development officer and national managing partner. "Add that to the proximity and easy commutes to work and we predict great success for this submarket and development."

The apartment community's location will offer an easy commute to both Dallas and Fort Worth, along with close proximity to DFW airport. Additional amenities include:

A true mixed use development adjacent to luxury hotels and planned retail and office
A "backyard" including an enhanced trail system and natural area surrounding a 6-acre lake
Concierge service
Resort-style pool
Wireless connection in all common areas
Conditioned corridors with elevators
State-of-the-art fitness center and yoga studio
10-foot ceilings, modern cabinetry and designer appliance packages including full sized washers & dryers in all homes

"This submarket has shown tremendous growth in the last couple of years," said Matt Brendel, senior vice president and development partner at JPI. "We are excited about the opportunity to deliver such a high-quality community in an ideal location."

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 4,201 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 25 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, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.

SOURCE JPI