Irving-based apartment builder JPI lands in $1.5 billion Grandscape project

Irving-based developer JPI has purchased a site in the Grandscape development for a new apartment community.

The rental project is planned near State Highway 121 in the $1.5 billion mixed-use project.

JPI plans a 319-unit apartment development in Grandscape, senior vice president Miller Sylvan said.

Construction is expected to begin next week and the first units will be available in spring 2024.

WDG Architecture designed the project.

JPI is one of the largest apartment builders in the country, with 5,000 rental units under construction. The longtime North Texas builder just launched projects in Frisco and Anna.

The 433-acre Grandscape development is one of the largest mixed-use projects in the northern suburbs of Dallas.

Surrounding the sprawling Nebraska Furniture Mart store which opened in 2015, the development includes retail, restaurants, entertainment venues, offices and residences.

The 345-unit high-rise Live Grandscape Apartments, built by Omaha-based Lanoha Development, opened in 2020.

Grandscape is backed by Nebraska billionaire Warren Buffett’s Berkshire Hathaway.

JPI is one of the largest apartment builders in North Texas. The developer currently owns or is building more than two dozen rental communities with 8,650 units in Texas and Southern California.

Some of his more recent D-FW projects are in East Dallas, Irving, Arlington and McKinney.

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