JPI topped off its third building last month and plans to breakground on the fourth in September. That project, called Jeffersonat Half Street, will be the first LEED Silver multifamilydevelopment in the city for new construction, according toJPI. The first units from that project will be available by June2010.


With this urban infill project well in hand, JPI East plans tolook towards a different type of multifamilyinvestment for the DC area--namely, transit-orientedprojects in the suburbs, Aaron Liebert, senior vice president andarea managing partner of JPI, told in an earlierinterview. Besides providing diversification to its portfolio, "wesee that as the next opportunity for us," he said.


For instance, the company is planning an approximate 460-unitproject in Herndon, VA, that will be called Jefferson at Dulles.There are also plans for a 390-unit multifamily development atBailey's Crossroads, VA, and a 400,000-sf mixed-use project atTysons Corner.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.