JPI, a leading real estate developer, has recently acquired land in Lewisville for the development of Jefferson Marketplace. This five-story apartment community will feature approximately 380 units and is expected to be a highly sought-after residential destination.
According to reports from Multifamily Dive, the land where Jefferson Marketplace will be built was previously owned by retail center specialist Weitzman and grocery store chain Kroger. They have contributed the land value as equity in this deal.
In addition to its Lewisville project, JPI also has plans for another apartment community called Jefferson Eastchase. Located near Interstate I-80 and just 30 minutes away from Dallas Fort Worth International Airport, this walkup community will consist of 398 units. It is set to become JPI’s fourth workforce housing project.
Despite being labeled as attainable or workforce housing, JPI ensures that it follows the same rigorous process for financing approvals and design as it would with any other high-end project. With these developments underway in North Texas, JPI continues its commitment towards providing quality living spaces for all income levels.
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