A new multifamily affordable housing development from Dallas-based developer JPI is planned for McKinney. Community Impact reports the $104 million development is in partnership with the McKinney Housing Authority.
The Jefferson Terry development, located at the southeast corner of University Drive and Terry Lane, will feature 393 units spread across four buildings, each four stories tall. The complex will feature a dog park, a pool, an arcade and a fitness center.
The complex will have studio, one-, two-, and three-bedroom units, with rent ranging from $579 to $3,118, depending on unit size and affordability rate. Half are expected to be rented at below-market rates.
Construction on the development is set to begin in July and be complete by August 2027.
JPI has two other properties currently leasing in McKinney.
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