Grapevine is getting ready to develop apartments and hotels worth $325 million! Irving builders, JPI, just finalized this deal and is expected to start construction at the end of this year.
You can expect a 371-unit apartment community as part of a 52-acre mixed-use property near Grapevine Mills Mall. This development will also include retail space, hotels and restaurants that will be called "Silverlake Crossings".
"This is a true mixed-use community," said JPI senior vice president Matt Brendel. "Grapevine is appealing wherever you can get a site. There are not that many sites zoned for apartments."
This development will include:
About 46,500 square feet of retail space and Courtyard by Marriott and Towneplace Suites hotels.
A 300-room, 9-story Renaissance Hotel
A 3-story office building
JPI is working on plenty of projects around the DFW area worth more than $800 million work in progress.
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