Irving-based residence builder JPI is headed to Fort Price for its subsequent venture.
JPI is focusing on a website in East Fort Price close to Interstate 30 for the brand new rental neighborhood. The developer is already constructing 1000’s of rental items throughout North Texas.
The 398-unit Jefferson Eastchase flats are deliberate on Ederville Highway close to Cooks Lane, in keeping with planning paperwork filed with the state.
The greater than $16.9 million venture will begin in November and can be wrapped up in late 2025, particulars equipped to the Texas Division of Licensing & Regulation say.
DLR Group is the architect. JPI on its web site in August listed the venture as out for building bids.
Earlier this yr, JPI officers stated they deliberate to start out 11 Dallas-Fort Price residence communities that can add 4,300 properties. The corporate is the most important residence builder within the space, accounting for nearly 5% of D-FW residence constructing in 2022.
JPI lately started planning for one more residence venture within the Citadel Hills growth in Lewisville. It’s additionally beginning building subsequent month on a 320-unit rental neighborhood in Anna north of McKinney.
JPI additionally has a brand new residence growth underway close to Addison Airport.
D-FW is the nation’s quickest rising residence market with greater than 70,000 rental items underneath building.