Texas-based JPI is developing another project in the Dallas–Fort Worth metroplex.
Last month, JPI announced the acquisition of a property at Highway 380 and Terry Lane in McKinney, where the company is planning a 393-unit housing complex called Jefferson Terry. The project, which is supported by bond financing, will include 177 homes reserved for renters earning up to 80 percent of the area median income and 20 units for those earning up to 30 percent of the area median income.
“Jefferson Terry reflects how JPI is expanding the ways we deliver workforce housing, pairing innovative financing with the design quality our communities are known for,” said JPI chief financial officer Mollie Fadule in a news release. “By partnering with the McKinney Housing Authority, we can reserve roughly half of these homes as workforce housing while still creating a Class A community that residents across the income spectrum will be proud to call home.”
Jefferson Terry will include a mix of studio, one-, two- and three-bedroom apartments, as well as amenities such as a courtyard with a pool, a fitness center, a club room, and coworking space.
Completion is expected in 2028, though the first units will come online in 2027.
The project is being designed by JPI. Other members of the team include structural engineering firm Wright, MEP engineering firm KLH, landscape architecture firm LandDesign, interior design firm Keaton, and civil engineering firm Spiars.
JPI is also developing a 277-unit housing complex at 5500 Nebraska Furniture Mart Dr. in The Colony.
