JPI Announces Completion of Luxury Apartment Community in Las Colinas with Nearly 80 Percent

ADDISON, Texas - Jan. 5, 2016 - PRLog -- JPI, a national developer, builder and investment manager of Class A multifamily assets, today announced the completion of its latest project, Jefferson Las Colinas, a 6.6-acre Class A, urban development located in the Las Colinas area of Irving, Texas. The 386 apartment homes are in a mid-rise community and feature urban-style architecture with extensive amenities to attract affluent and discerning residents who want a true live, work and play environment. Pre-leasing interest for the property was strong, with a leasing rate of more than 40 percent after only a few months of leasing. To date, the property boasts nearly 80 percent occupancy.

Located near the intersection of Northwest Highway and Las Colinas Boulevard, the community’s residents are within walking distance to the Irving Convention Center and orange line DART rail station, providing quick access to Plano, Richardson, downtown Dallas and D/FW International Airport.

“Jefferson Las Colinas meets the growing demand for high-end lifestyle options in the area while also providing a unique space for residents to experience everything they need in one place,” said Matt Brendel, JPI’s senior vice president and development partner. “The true live, work, play environment with beautiful outdoor spaces continues to drive leasing interest and promotes a strong sense of community among residents.”

The property offers a long list of high-end amenities including a 10,000-square-foot clubhouse, limited access gates, onsite maintenance, elevators, a 24-hour business center, a conference room, high-speed Internet access, a fitness center, walking/running trails,  a resort-style pool, a structured parking garage, barbecue areas, outdoor pizza oven, fire pits, fountains and concierge services. Additionally, residents living on the VIP level receive special amenities and services on their floor including an exclusive coffee bar, breakfast on the go, daily newspapers, Nest thermostats, programmable LED lighting, reserved parking and Elfa custom closets.

Residents can choose from one-, two- or three-bedroom apartment homes with quality upgraded interiors ranging from 572 square feet to more than 1,400 square feet. The home designs feature open-concept living complimented with custom granite countertops, designer appliances, 10-foot ceilings, full-size washers and dryers and the choice of a backyard.

The community is built around five unique courtyards where residents can enjoy outdoor gaming spaces, a beer garden, Zen oasis and an outdoor grotto. Special social events are held regularly for residents in these spaces. Jefferson Las Colinas provides high-end lifestyle options, best-in-class amenities and unequaled opportunities for residents to get to know their neighbors and also to enjoy the great outdoors all in one place.

The completion of Jefferson Las Colinas adds to the increasing momentum JPI has experienced in 2015. JPI has developed more than 300 communities consisting of more than 90,000 homes located in 126 cities covering 27 states and Canada.

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About JPI:
JPI currently has nearly 3,400 units under construction in Texas, California, Arizona, New York and Massachusetts and has asset management responsibilities for more than 5,600 units nationwide.  JPI has plans to develop an additional 4,000 units over the next 18 months that are in various stages of planning and pre-development and is currently raising capital to complement its venture platforms in order to fund its expansion and business plan. 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.