Tuesday, July 19, 2016

Apartment builder JPI joins Dallas’ West Love development

Apartment builder JPI plans to develop hundreds of rental units in the 35-acre
West Love mixed-use project near Dallas' Love Field
One of North Texas' top apartment builders will develop a rental community in the $200 million West Love development near Dallas' Love Field.
Irving-based JPI plans to build hundreds of apartments in the project on Mockingbird Lane at Maple Avenue.
The first phase will include almost 370 units.
JPI hopes to start building the rental community in September, said senior vice president Matt Brendel.
Construction is already underway in the 35-acre West Love project on two hotels - Aloft and Element - that will total 244 rooms. The $49 million hotel project opens next year.
And developer KDC is seeking tenants for a 150,000 to 200,000-square-foot office building it plans to build next to the hotels and apartments.
A shopping center along Mockingbird rounds out the development.
"JPI is our partner on the multifamily component," said Jorge Ramirez, partner of Highridge Partner, which put together the West Love project. "We have recently started utility construction in support of the apartments and expect to begin building construction in 30 to 45 days from now."
Highridge Partners almost eight years ago bought and cleared the West Love development site located between the airport and Stemmons Freeway. They kept the property through the economic downtown are now developing the project.
JPI has more than 3,000 apartments under construction in Texas, California, Arizona, New York and Massachusetts.
In the Dallas area JPI is building in Las Colinas and Frisco.
Written by Steve Brown/Dallas Morning News