Closes on purchase of 17.6 acres adjacent to Anaheim Angel Stadium
Irving, Texas (January 22, 2016) –JPI, a leader in the development of Class A multi-family housing, has closed on the purchase of 17.6 acres of prime real estate located in the prestigious Platinum Triangle in Anaheim, California. JPI is working with the City of Anaheim to entitle a three-phase, 1079-unit, mixed-use luxury apartment community (Jefferson Stadium Park) directly across the street from Angel Stadium of Anaheim on the southwest corner of State College Boulevard and Gene Autry Way.
JPI is currently constructing Jefferson Platinum Triangle – a 400 unit luxury apartment community, scheduled to open next year, less than a mile from the proposed Jefferson Stadium Park.
“JPI values its partnerships with cities across the nation in developing housing communities that contribute to the fabric of local economies. The city of Anaheim’s Platinum Triangle is a prime example of government getting it right, in so many ways. JPI made a commitment to invest in the community several years ago,” said Heidi W. Mather, JPI Western Region Senior Vice President. “The Jefferson Stadium Park development only strengthens our commitment to become a partner in the revitalization of this core area of Anaheim.”
Residents of the proposed Jefferson Stadium Park will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC), and Anaheim Rapid Connect (ARC) – a proposed streetcar system that would provide service over a 3.2 mile corridor (approximately 6.4 miles of track), connecting residents, workers, and visitors to ARTIC and other points of interest in Anaheim.
Jefferson Stadium Park, an approximate $364 million project, is scheduled to break ground at the end of 2016, with initial occupancy scheduled for 2018.
JPI’s proposed Jefferson Stadium Park includes a 1.1-acre public park, and resort-style amenities. “JPI has a long history of building living experiences that contribute to the quality of life for families throughout the country. Anaheim’s Platinum Triangle is creating new commerce and new employment hubs. Building luxury apartment homes within these new economies is a key focus for JPI”, said Mather.
Jefferson Platinum Triangle is centrally located within the City of Anaheim’s prestigious Platinum Triangle District – an 840-acre transit-oriented urban development, guided by the Platinum Triangle Master Land Use Plan which is bringing high-density, mixed-use, office, restaurant and residential projects to the heart of Orange County.
JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets, headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major US markets and an unparalled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI’s executive leadership team has an average of 25 years of comprehensive experience in multifamily developments – ranging from low density garden apartments, mid to high density wrap and podium projects, student living housing projects and mixed-use high rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.JPI.com.