August 19, 2019
Multifamily developer JPI is adding its 11th apartment complex to Irving, TX with the close of construction financing for Jefferson Innova. The new complex, on Promenade Parkway in Irving’s Las Colinas market, will consist of 433 units, and is the second phase of its under-construction Jefferson Promenade.
“Las Colinas is JPI’s most active submarket. This is the sixth community we’ve developed here in the past six years,” said JPI’s Miller Sylvan. “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.” CrossHarbor Capital Partners is the equity partner on the project, which was designed by Humphreys & Partners.
Jefferson Innova has scheduled a spring 2021 completion. The complex will offer a rooftop pet park with grooming station, Uber lounge, resort-style pool, business center, fitness center, coffee bar and two outdoor kitchens.
For comments, questions or concerns, please contact Amy Sorter