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JPI Building 397-Unit FW Rental Community
JPI started work on Jefferson Ridglea Village just west of Fort Worth last year, and the company hopes to complete work on 377 apartment units and 20 townhomes by next year. In the meantime, JPI had to clear out 52 single-family rental homes to make way for the development. Located at 5837 Calmont Ave., construction teams recently installed utilities and started pouring building slabs for the roughly $80 million project.
The Dallas Business Journal reports 65% of units will be one-bedrooms, 30% two-bedrooms and 5% three-bedrooms. Typical renters of their buildings are in their mid-30s and on their last stop before buying a house, empty nesters or those at retirement age who want to downsize.
JPI says for the last 30 years, the company has developed communities throughout North America, across 141 US cities and Canada. Their primary markets are Southern California and the Dallas-Fort Worth metroplex.
- ◦Development
