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JPI plans 456-unit luxury community in Richardson, TX

Multifamily developer JPI has secured financing for Jefferson Woods, a 456-home Class A luxury community located near the intersection of North Central Expressway and Glenville Drive in Richardson, TX. 

 

"Jefferson Woods will help meet the needs of the metroplex's most dynamic up-and-coming submarkets," said Matt Brendel, senior vice president and development partner at JPI. "With its unique location adjacent to the Spring Creek Nature Area and a block from the CityLine development as well as the extensive amenties and upgraded interiors, the community will attract any resident who desires a true live, work and play environment."

 

Features of the development include:

  • Convenient location near multiple major business parks such as Richardson's Telecom Corridor (100,000+ employees), the Texas Instruments campus (8,400 employees), and the CityLine development.

  • A 40,000 square foot Whole Foods opened in the CityLine development in spring of 2016, and a 2-acre, 12-screen LOOK Cinema with seven eat-in theaters featuring Ivy Kitchen, will also be located in the development.

  • When complete, CityLine will be anchored by State Farm Insurance and Raytheon Co., and will have a daytime population of 30,000 people.

  • The residents of Jefferson Woods will have immediate access to the Spring Creek Nature Area, a 58-acre area that includes almost 5 miles of hike and bike trails and is one of the last stands of hardwood forests in the DFW Metroplex.

  • The project will be between two DART Stations for both the Orange Line and Red Line, providing residents transportation across Dallas including to Uptown, Downtown and DFW Airport.

 

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