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 GlobeSt.com 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.