JPI Secures Construction Financing For 11th Irving/Las Colinas Apartment Building

Multifamily developer JPI is a step closer to building its 11th apartment community in the Irving/Las Colinas market where it first established its apartment brand in North Texas. 

JPI closed on construction financing for Jefferson Innova, a 433-unit apartment complex that is Phase 2 of the company’s already under construction Jefferson Promenade project. 

The apartment development, which stretches over five acres, is expected to open in 2021. 

“Las Colinas is JPI’s most active submarket. This is the sixth community we’ve developed here in the past six years,” JPI Senior Vice President and development partner for the Central Region Miller Sylvan said. “The future is really bright for Irving. The dynamics and fundamentals of this area cannot be denied, and we look forward to continuing to play a part in this area’s growth.”

Jefferson Innova will offer a rooftop pet park and grooming station, an Uber lounge, a fitness center with an attached spin and yoga studio, a coffee bar and access to the Irving Convention Center DART station. 

Humphreys & Partners Architects is serving as architect and Studio Outside is handling landscape architectural work. 

The project’s civil engineering is under the control of Glenn Engineering Corp., while its structural and MEP engineers include United Structural Consultants and Jordan & Skala Engineers, respectively. 

Faulker Design Group is taking care of interior design work while Scott Oldner Lighting Design is handling lighting.

JPI also named CrossHarbor Capital Partners its equity partner on this project.