JPI Building $77.8M Rental Community in The Colony
JPI has started work on 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 $77.8 million multifamily project will be ready for move in January 2028. Grandscape is a shopping, dining and entertainment center located in The Colony, TX.
The new apartment community will feature 11 studios, 172 one-bedroom apartments, 86 two-bedroom apartments and 8 three-bedroom apartments.
Amenities include a sky-lounge with an outdoor terrace, courtyards with fire pits, and a resort-style pool with loungers and sundecks.
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.
This project marks JPI’s 124th development in DFW, raising their total number of regional housing units to 44,714.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout