JAG, CP Capital Deliver J Veridian at Upper Dublin in Greater Philadelphia Area

Luxury Community Features 310 Units, Pickleball, Community Garden, Dog Park and More

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Jefferson Apartment Group (JAG) and equity partner CP Capital announce the delivery of J Veridian at Upper Dublin, a 310-unit Class A community on 14 acres in Fort Washington, Pennsylvania, a Philadelphia suburb in Montgomery County.

The community, located at 1125 Virginia Drive, spans three 5-story buildings situated among 8 acres of open space. A pedestrian promenade creates a walking path that connects each building. It also connects to existing walking and biking trails in Fort Washington and provides access to adjacent retail.

Residents will enjoy 12,000 square feet of indoor amenities anchored by a grand clubroom and bar. Other features include a game area with billiards, shuffleboard and arcade gaming; a lounge with a double-sided fireplace; a poker room; leading-edge fitness center; resident movie theater; private dining room; and co-working area with soundproof office pods.

Outdoor amenities are just as extensive. Two pickleball courts, a dog park with separate areas for large and small dogs, and community garden plots are bonus features alongside a resort-style courtyard area with swimming pool, grilling stations, fire pits, abundant lounge areas, and multiple pocket parks.

“J Veridian at Upper Dublin pulls out all the stops for resident life and is a wonderful addition to a sought after suburb of Philadelphia,” said Drew Chapman, JAG Senior Vice President and Development Partner. “Our partners at CP Capital recognized the strength of this development opportunity, and we’re excited to deliver on the vision for this fully-amenitized community with them.”

Unit options range from 1- to 3-bedroom floorplans, with each reflecting JAG’s luxury standard to include top-line quartz countertops, stainless steel appliances, tile backsplashes and plank flooring throughout.

The community also provides surface parking, private garage options, and EV charging stations.

“JAG is a proven leader in East Coast multifamily, and we are happy to have forged a new partnership with them for J Veridian at Upper Dublin,” said Jay Remillard, Co-Head at CP Capital. “It’s a standout development in a prime location with a formula for success – easy access to Philadelphia, exceptional schools, major employers, and abundant lifestyle and recreation offerings.”

The community’s location provides immediate access to the Pennsylvania Turnpike (I-276) and easy accessibility to major employment centers. It’s a 20-minute drive to King of Prussia, 30 minutes to Center City, and is only 90 miles to New York City. Residents will also benefit from adjacent retail options including Wawa, LA Fitness, CVS, Walmart, Sam’s Club, Sprouts, Lululemon, Chipotle, Chick-fil-A and Starbucks.

This initial delivery is one building, with final delivery expected this spring. Leasing information is available at JVeridianUpperDublin.com.

Financing was provided by United Bank.

This is JAG’s second major delivery in the Philadelphia area in the past year. Rivermark at Northern Liberties delivered this summer on the city’s Delaware River waterfront. The long-awaiting community features 470 luxury units across two mid-rise buildings, 45,000 square feet of retail anchored by a 24,000-square-foot Sprouts Farmers Market, and 4 acres of public-use space.

JAG has developed four other multifamily communities in the Philadelphia region: 230 units in West Chester, 250 units in Wynnewood, and 291 units in Exton in Pennsylvania, and 490 units in Mount Laurel, New Jersey. JAG’s fifth community in the region broke ground early this year Burlington, New Jersey.

About Jefferson Apartment Group

Jefferson Apartment Group is a leading full-service real estate firm specializing in luxury multifamily and mixed-use real estate investments on the East Coast, from acquisition and development through construction, in addition to property management services through JAG Management Company. Headquartered in McLean, Virginia in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte and Orlando. Founded in 2009, JAG is celebrating their milestone 15-year anniversary this year. The firm is committed to creating and managing communities that are high quality, innovative and environmentally responsible.

About CP Capital

CP Capital is a highly disciplined U.S. real estate investment manager focused on the multifamily sector. Founded in 1989, the firm has invested in nearly $16 billion of U.S. real estate on behalf of global institutions, family offices and ultra-high net worth individuals. These investments total more than 70,000 residential units and 21 million square feet of commercial space. In-house capabilities of CP Capital also include asset and construction management, capital markets, reporting, and tax structuring expertise. Through its consistent participation in the market over the past three decades, the firm has developed deep relationships across the real estate industry. CP Capital’s primary investment strategy focuses on opportunistic and value-add rental apartment investments with best-in-class joint venture partners in growth markets throughout the U.S., which has resulted in a strong track record of more than 235 realized multifamily fund investments as of June 30, 2024. Visit cpcapitalus.com for more information.