JPI East to Build 448-Unit Dulles MXD

HERNDON, VA-JPI East is planning to develop a 448-unit, mixed-use apartment community at Dulles Station, an emerging community expected to flourish once Metro builds out a stop here. The company, a division of luxury multifamily developer JPI, just acquired the necessary land from Crimson Partners for an undisclosed sum, The company, which already owns a regional portfolio consisting of more than $1.2 billion of multifamily assets, was unavailable for comment.

Dulles Station is a 63-acre mixed-use town center project consisting of 2.7 million sf of residential, hotel and office space. Future plans call for a 12-acre regional park, and a three-acre transit parking lot to accommodate the Metro extension. When fully built out, Dulles Station will contain 1,095 rental and condominium residences, 1.5 million sf of class A office space, and 56,000 sf of convenient retail and restaurants, according to the Crimson Partners’ Web site.