JPI announced it has broken ground on Jefferson River East, a multifamily project at Oakhurst Scenic Drive and East Belknap Street, adjacent to Riverside Park.
Situated on more than eight acres, the project’s homes will feature 10-foot ceilings, balconies, patios, ground-floor private yards, and full-sized washers and dryers in every unit.
Community amenities will include two resort-style pools, two luxury clubhouses, a “speakeasy-style” amenity area, two sky lounges, a fitness center, a yoga studio and concierge service. A pedestrian trail also runs through the development site.
JPI said it chose this area of Fort Worth for an apartment project due to its proximity to some of Fort Worth’s most trafficked areas. Jefferson River East will be within three miles of the city’s medical district and in close proximity to the Stockyards District.
Additionally, the complex will offer residents access to some of Fort Worth’s major businesses, including American Airlines, Lockheed Martin and BNSF Railway.
“This is truly an exciting time to be in Fort Worth,” Matt Brendel, divisional president and managing partner at JPI, said in a prepared statement. “Fort Worth is home to over 80,000 businesses. … With the abundance of employment and entertainment options available, we feel there is no better place than Fort Worth for Jefferson River East.”
Fifth Third Bank is the senior lender for the development. CrossHarbor Capital Partners is the preferred equity provider.
JPI is working on other projects across North Texas, including Jefferson at the Gate, which will offer 425 multifamily units at The Gate, a master development in Frisco.
Also under construction are Jefferson Eastshore and Jefferson Promenade in Irving, Jefferson Alpha West in Farmers Branch, Jefferson Routh Woods in Richardson, Jefferson Silverlake in Grapevine, Jefferson West Love II in Dallas, and Jefferson Woodlands in Garland.
