X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, VA – JPI, a Dallas-based multifamily developer, has started construction on a luxury apartment development here. Jefferson at Carlyle Mill, scheduled to begin leasing in June of next year, will consist of 315 one-, two- and three-bedroom apartments.

The development will also have a parking garage that will accommodate up to 555 vehicles. The top level of the garage will have basketball and tennis courts.

A spokeswoman for JPI declined to place a value on the development.

In a statement, the developer said it maintains an investment partnership with GE Capital to do multifamily housing nationwide.

Over the past year, JPI has broken ground on more than 9,000 new apartment homes, and has been active in the acquisition of several apartment communities.Jefferson at Carlyle Mill is a part of a larger development near the Eisenhower Metro light rail station. It includes a multi-screen AMC theatre, several million square feet of office space with tenants such as the US Patent and Trade Office and luxury high-rise condominiums.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.