Multifamily Property Sets High-Water Mark Per Unit

South Side Flats by Jefferson is a multifamily development.

RICHARDSON, TX—A recent sale by JPI of the 30-acre class-A development, Jefferson Center, sets the high-water mark per unit sale for a walk-up community in DFW. The record-breaking sale is due in part to its list of amenities and sheer size. Jefferson Center is about three times the site size of an average multifamily property with 360 units. Located within the city of Richardson’s Telecom Corridor, just south of President George Bush and west of Custer, Jefferson Center’s indoor and outdoor amenities have attracted residents in almost every life stage across the Metroplex.

In addition to the sale, another Jefferson project, South Side Flats by Jefferson, is now open. The 290-unit apartment community sits on 3.9 acres in the South Side neighborhood of Dallas. South Side Flats is a joint venture between JPI and land owner Matthews Southwest, as well as a partnership with the City of Dallas and Dallas County.