IRVING, Texas--(BUSINESS WIRE)--JPI is proud to announce the close of construction financing on its newest 353-home community, Jefferson Gallery House. The community is strategically located in Farmers Branch, one of the fastest-growing suburbs in the Dallas-Fort Worth metroplex, and it will help meet the growing housing need facing this vibrant and expanding city.
“The North Dallas submarket offers residents a unique live-work-play environment,” said Miller Sylvan, senior vice president and area development partner for JPI’s Central Region. “This unique living environment, paired with the city’s strong job growth and substantial employment centers, makes for the perfect location for future JPI communities. We are very bullish on the Farmers Branch submarket, as Jefferson Gallery House will mark the start of JPI’s fourth community within the area.”
Jefferson East Branch, which is currently under construction, is the first phase of this multi-phase community. Upon completion of Jefferson Gallery House, the two communities will provide a total of 750 homes and ensure residents of Farmers Branch have the highest-quality living accessible.
Jefferson Gallery House will be less than two miles from well-known Addison Circle, which encompasses over 500,000 square feet of office space and 120,000 square feet of retail space. The area is anchored by Addison Circle Park, a 10-acre city escape that serves as a community park and event center for activities throughout the year. Jefferson Gallery House is also less than a mile from Galleria Dallas, one of the largest mixed-use retail facilities in North Texas. The mall consists of three levels of shopping and dining and covers over 43 acres.
“We’re proud of the hard work that has gone into making Jefferson Gallery House a reality,” said Brad Taylor, chief executive officer at JPI. “This incredible design team has come together again to create an industry-leading luxury apartment community we know future residents will be proud to call home.”
This community will feature urban-style amenities and quality interior finishes. On the property, residents can utilize the state-of-the-art fitness center and yoga studio, resort-style pool, and the rooftop dog park that includes a large “off-leash” area with a multi-station indoor dog wash.
Each apartment home at Jefferson Gallery House will include unrivaled amenities such as:
- Stainless appliance package
- Quartz countertops
- Urban 10-foot ceilings
- Balconies and patios with private ground-floor yards
- Glass-enclosed showers
- Full-size washers and dryers
WDG Architecture led the architectural design for both Jefferson East Branch and Jefferson Gallery House. Synovus Bank provided the construction loan for Jefferson Gallery House, while Clarion Partners partnered with JPI to provide the equity.
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 over 5,000 apartment homes under construction. Headquartered in Irving, Texas, JPI also has an office in California. 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.