JPI Morningstar in The Colony, TX

JPI Morningstar is a new 373-unit multifamily apartment development located at 6249, 6233, 6237, and 6241 Morningstar Dr. in The Colony, Texas. The project comprises four separate buildings rising to four stories, totaling 439,056 square feet of residential and amenity space. With an estimated construction cost of $47,000,000, the development represents a significant investment in the local housing market.

Construction began in January 2025, following the completion of plan review by the Texas Department of Licensing and Regulation (TDLR) in the same month. The project is scheduled to finish in December 2026, marking a build window of 728 days. This timeline is longer than the 217-day median build window for new construction projects in Denton County, reflecting the scale and complexity of a large-scale multifamily build. The registered accessibility specialist for the project is Jeffrey A Gutknecht, ensuring compliance with state standards during the construction phase.

Design and Scope

The design firm of record is Lord Aeck Sargent Planning & Design, a prominent name in multifamily architecture. The scope of work includes resident-only amenities and a dedicated leasing office, integrating commercial and residential functions within the four-building complex. The cost per square foot is calculated at $107, a figure that is close to the county median of $121 for similar new construction filings. This pricing aligns with broader market trends for high-quality residential developments in the region.

JPI is the owner and developer of record, bringing this project to The Colony after registering six other TDLR projects in the area. These include developments in Dallas, Denton, Mesquite, Mckinney, and Grand Prairie, with a combined value of $208,977,778. The Colony City Council approved the site plan for JPI Morningstar, following a recommendation from the planning and zoning commission. Local coverage has noted that the development was previously known as the Jefferson Morningstar mixed-use development, indicating an evolution in the project's scope and design.

The surrounding area includes several established businesses, such as Fairfield by Marriott Inn & Suites Dallas Plano/The Colony and Residence Inn by Marriott Dallas Plano/The Colony, suggesting a demand for lodging and hospitality services. The Colony’s population is approximately 67,978, with a median household income of $116,806, providing a demographic profile that supports the target market for this apartment complex. The project’s private funding and location on private land for private use underscore its role as a standalone residential development rather than a public or mixed-use civic project.