Richardson's 360-unit Jefferson Center near good neighborRichardson's 360-unit Jefferson Center near good neighborhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1822015-08-11T13:36:00Z2015-08-11T00:00:00Z

RICHARDSON - The 360-unit apartment community, called Jefferson Center, is finished. Located on a 30-acre site at 955 W. President George Bush Turnpike, it is near State Farm Insurance's new regional hub in Richardson.

Jefferson Center is near the University of Texas at Dallas and two miles from CityLine, a $1.5 billion development that houses State Farm Insurance's regional hub and a business division of Raytheon.

The apartment homes range from 650 sf to more than 1,500 sf with one-, two- and three-bedroom options.

The completion of the Jefferson Center come at a time when North Texas is seeing all-time highs on rental rates. The average rental rate for an apartment in the region is $952, with an overall rental growth of 5.5 percent year-over-year, according to Carrollton-based MPF Research.

The Richardson area has been one of the fastest growing in terms of job growth and business expansion, which is why the developer decided to develop in the city, JPI partner Matt Brendel said.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/08/05/irvings-jpi-finishes-luxury-apartment-community.htmlRead more at {Source}

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