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Texas  + Dallas-Fort Worth  + Apartments  |  April 14, 2026
Jefferson Grandscape II
Mike Boyd
By: Mike Boyd

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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JPI

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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