JPI has broken ground on Jefferson River East, a rental community of more than 400 units that will go up less than two miles northeast of downtown near the newly renovated Riverside Park.
The property is situated on more than 8 acres adjacent to the Trinity River at Oakhurst Scenic Drive and East Belknap Street.
The project includes includes two resort-style pools, two clubhouses, a “speakeasy-style” amenity area, two sky lounges, a fitness center and a yoga studio.
“This is truly an exciting time to be in Fort Worth,” said Matt Brendel, divisional president and managing partner at JPI. “Fort Worth is home to over 80,000 businesses including household names such as American Airlines, Lockheed Martin and BNSF Railway. With the abundance of employment and entertainment options available, we feel there is no better place than Fort Worth for Jefferson River East.”
The project architect was JHP and contractor is also JPI, which has an in-house team. JPI is based in Irving and has been in Fort Worth since 1991.
“The growth and development that we have seen in Fort Worth over the last couple of years is remarkable,” said Brendel. “We are excited to deliver Jefferson River East in such a booming community, giving residents a place to call home right along the Trinity River.”
Units at Jefferson River East will feature urban-style architecture with amenities and upgraded interiors such as 10-foot ceilings, balconies and patios with ground-floor private yards, full-size washer/dryers and side-by-side refrigerator and icemaker.
The senior lender for Jefferson River East is Fifth Third Bank, and CrossHarbor Capital Partners is the preferred equity provider for the project.