JPI Serves as Catalysis for Las Colinas’ Growth with New 387-Unit Jefferson Promenade Development

IRVING, TX - The transformation of the Las Colinas submarket in Irving, Texas is moving rapidly forward, thanks to North Texas's leader in Multifamily Development. JPI, the number one developer in the region, has closed financing on the Jefferson Promenade community, which will feature innovative architecture with extensive amenities, services and quality upgraded interiors.

Situated near the Verizon corporate campus development and the Toyota Music Factory, Jefferson Promenade will offer 387 units (896 square feet) to affluent and discerning residents looking for a true live, work, play environment. The nearby 1,000-acre Cypress Waters development – the headquarters of 7-Eleven – and the under-construction Westin Irving Convention Center Hotel are further proof of Las Colinas' accelerated growth.

"Las Colinas is our corporate home, so we are very grateful for the opportunity to help attract more residents," said Brad Taylor, JPI's Managing Partner, Central Region. "People who work in the area's many corporate offices want all the amenities of an upscale urban lifestyle without a long commute. Jefferson Promenade will more than answer that need."

Jefferson Promenade will also offer its residents:

Close proximity to the recently opened $200M Toyota Music Factory/ Entertainment center that features 410,000 square feet of entertainment including retail and restaurants, an Alamo Drafthouse, and The Pavilion, an 8,000 seat amphitheater that is operated by Live Nation Entertainment, Direct access to the Irving Convention Center DART Station, State-of-the-art fitness and yoga facilities, Private patios with ground floor private yards, Modern quartz countertops, and 2-story mezzanine/loft apartment homes.

"Las Colinas continues to outperform the rest of the Dallas Metro market," added Taylor. "Jefferson Promenade is the next in line of what will be an exciting submarket to watch for years to come."

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 DFW with 3,837 apartment homes under construction. 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, mid to high-density wrap and podium projects, student living housing projects and mixed-use high raise developments.

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