THE COLONY, TX - JPI, a premier developer of multifamily communities, today announced the groundbreaking of Jefferson Grandscape II, a 5-story, 277-unit Class A+ wrap community located at 5500 Nebraska Furniture Mart Dr. in The Colony, Texas. Financed in partnership with Nebraska Furniture Mart, with lending support from QuadReal, the $77,837,000 multifamily project will bring new housing options to the region in January 2028.
“After the success of our first phase, we’re thrilled to return to Grandscape, where great restaurants, shops, and entertainment come together to create a lifestyle people actually want,” said Mollie Fadule, chief financial and investment officer at JPI. “This project marks our 124th development in DFW, raising our total number of regional housing units to 44,714.”
It will also be JPI’s first development connected to an existing parking garage, providing residents with convenient, covered access while maximizing efficiency for the overall site.
Designed with a modern masonry façade, the new apartment community will feature 11 studios, 172 one-bedroom apartments, 86 two-bedroom apartments and 8 three-bedroom apartments.
All 277 units will offer premium home features, including smart home devices, pendant lighting, wood-style flooring and blinds, granite countertops with ceramic tile backsplash, stainless steel kitchen appliances and spacious closets. Select units will also provide mud rooms, walk-in pantries, separate showers and dual vanities, private patios and balconies, and den/flex space.
Across the community, luxurious amenities, such as a sky-lounge with an outdoor terrace, courtyards with fire pits, and a resort-style pool with loungers and sundecks, will create abundant opportunities for social connection, wellness and enhanced living experiences.
The community’s residents will also have convenient access to a wide variety of dining and entertainment options at Grandscape, as well as easy travel via the Sam Rayburn Tollway.
For more information and ongoing project updates, visit www.jpi.com/insights
About JPI: JPI is a leading developer dedicated to transforming buildings, enhancing communities, and improving lives. With a commitment to excellence and innovation, JPI delivers Class A multifamily housing that exceeds expectations and fosters vibrant neighborhoods. By focusing on sustainable development and strategic partnerships, JPI continues to shape the future of community living while positively impacting communities nationwide. For more information about JPI and its portfolio of projects, please visit JPI.com.