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Multifamily developer JPI is planning to break ground on 342 new apartments in Northwest Austin this month.
The overview: JPI closed on 9.3 acres at the northwest corner of Pearson Market Circle and Spectrum Drive in June, making way for a $90 million multifamily housing project known as Jefferson Pearson Ranch, according to a news release. The housing will go into the larger, 156-acre Pearson Ranch.
The 342 apartments will be built across three four-story buildings, with a two-level parking deck. The complex will feature a mix of 25 studio, 211 one-bedroom, 90 two-bedroom and 16 three-bedroom homes. The site will also include a standalone fitness center, resort-style pool, resident lounge, private conference rooms, dog park and more.
JPI is expected to break ground on the project this month, with completion anticipated in 2028.
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