JPI to Add 416 Units for Phase II of Multifamily Property in Metro Dallas

FARMERS BRANCH, TEXAS — Irving-based multifamily developer JPI has secured construction financing for Phase II of Jefferson Mercer Crossing, a project that will add 416 units to the property, which is located in the northern Dallas metro of Farmers Branch. Current amenities at the property include a pool with a swim-up bar, fitness center with a yoga studio, a dog park and access to a 30-acre lake and walking trails. Comerica Bank provided the financing for the project, the first units of which are expected to be available for occupancy by the first quarter of 2020.