Irving-based apartment builder JPI plans to break ground soon on the second phase of a Frisco rental community.
The Jefferson Railhead apartments are part of the $2.5 billion Railhead mixed-use development on the Dallas North Tollway north of Frisco’s Main Street.
The 80-acre Railhead project is a development of Heady Investments. Plans for the Railhead include more than 1 million square feet of office, hotel and high-rise residential buildings and 1,280 apartments.
JPI broke ground earlier this year on the first phase of its apartment development at the Railhead with 450 units. Now the builder is planning to start construction in January on the second phase of the project valued at more than $99 million, according to planning documents filed with the state.
The 520,736-square-foot Jefferson Railhead Phase II will open in 2025.
Atlanta-based architect Lord Aeck Sargent designed the project.
In August, JPI said that it had formed a partnership with Madera Residential and WayMaker to build five North Texas apartment communities with 1,750 units, including the Jefferson Railhead.
JPI is one of the country’s largest apartment builders with 5,000 rental units under construction.
