The gist
Commercial real estate firm Weitzman and multifamily developer JPI are partnering together on a mixed-use development slated to open in 2025. As part of the project, JPI is building two multifamily buildings with more than 700 units, according to a Castle Hills site plan on Weitzman’s website.
Construction is planned to start on the first multifamily building later this month, said Jody Lee, corporate communications vice president for JPI, in an email. Officials expect to start construction on the second building later this spring.
The first units should be available for move-in during the third and fourth quarters of 2025, he said.
About the project
The development’s first multifamily building will be five stories tall and will house 380 units, according to JPI’s website. The second building will add another 380 units, according to the site plan.
About 20,000 square feet of new retail and restaurant space will be developed in conjunction with the first building, which will activate two more lots bordering SH 121, said David Palmer, executive vice president of development for Weitzman.
The first multifamily building will include about 8,000 square feet of retail space on the ground floor, according to the site plan. An additional lot totaling about 12,000 square feet will be developed during the first phase of construction, Palmer said.
The Castle Hills Marketplace is anchored by Kroger and includes Chili’s, Pei Wei Asian Kitchen and Freebirds as tenants. It borders several residential developments, including The Realm at Castle Hills and Lakewood Hills.
