JPI to Start Work on $90M Austin Apartment Project

JPI to Start Work on $90M Austin Apartment Project
News| July 1, 2026| Mike Boyd
Texas + Apartment Buildings

JPI has closed on a 9.32-acre site in Austin, Texas, where it will build Jefferson Pearson Ranch, a $90 million, 342-unit, Class A community in the Pearson Ranch mixed-use development. The Dallas-based company is scheduled to break ground in August, with completion slated for 2028.

The project in the 156-acre, 2.6 million-square-foot Pearson Ranch mixed-use development. The community, located at Pearson Market Circle and Spectrum Drive in Northwest Austin, will include a mix of multifamily, hospitality, office, retail, dining and community spaces. 

Select units will have private patios, balconies or fenced yards, along with mudrooms, flex spaces, dry bars and bathrooms with soaking tubs. 

Community amenities at Jefferson Pearson Ranch will include a standalone fitness center with indoor and outdoor workout space, a pool with sundecks and a cabana, a resident lounge, a coworking space, a private conference room and whisper rooms, large grills and outdoor kitchens.

Connect Texas Multifamily in Dallas on August 13 brings together the owners, developers, brokers, investors, and lenders shaping the future of Texas multifamily for a day of market intelligence, networking, and actionable insights. Join 300+ decision-makers and be part of the conversations driving the Texas multifamily market. Register today: www.ConnectTXMF2026.com.

Other News

JLL Arranges Financing for Lightstone Acquisition on Upper West Side

New York & Tri-State + Apartment Buildings

JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...

Learn more

National City Investment Group Commences Workforce Housing Build

California & West + Apartment Buildings

The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...

Learn more

Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets

California & West + Apartment Buildings

 Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up