JPI has closed on a 9.32-acre site in Austin, Texas, where it will build Jefferson Pearson Ranch, a $90 million, 342-unit, Class A community in the Pearson Ranch mixed-use development. The Dallas-based company is scheduled to break ground in August, with completion slated for 2028.
The project in the 156-acre, 2.6 million-square-foot Pearson Ranch mixed-use development will mark JPI’s first project in the Austin market in a decade. The community, located at Pearson Market Circle and Spectrum Drive in Northwest Austin, will include a mix of multifamily, hospitality, office, retail, dining and community spaces.
The design partners include architect The Preston Partnership, civil engineering by BGE, landscape architecture by LandDesign and interior design by Ink + Oro.
Jefferson Pearson Ranch will feature three four-story buildings with 25 studio, 211 one-bedroom, 90 two-bedroom and 16 three-bedroom apartments. Select units will have private patios, balconies or fenced yards, along with mudrooms, flex spaces, dry bars and bathrooms with soaking tubs.
Community amenities at Jefferson Pearson Ranch will include a standalone fitness center with indoor and outdoor workout space, a pool with sundecks and a cabana, a resident lounge, a coworking space, a private conference room and whisper rooms, as well as a courtyard with fire pits, large grills and outdoor kitchens. The property will also have a dog park with a dog wash station.
Plans call for Jefferson Terry’s first phase to be delivered in 2027, with full completion expected the following year. Roughly half of the units will be income-restricted, with 177 homes set aside for residents earning 80 percent of the area median income and 20 apartments reserved for households earning up to 30 percent AMI. The remaining 196 units will be market-rate rentals.
