Irving-based apartment builder JPI is staring its first Fort Worth development in more than 25 years.

The more than 400-unit Jefferson River East rental community will be built northeast of downtown near Riverside Park.

The apartment project at Oakhurst Scenic Drive and East Belknap Street includes two resort-style pools, two clubhouses, "sky lounges", a fitness center and a yoga studio. A pedestrian trail runs through the site.

"This is truly an exciting time to be in Fort Worth," Matt Brendel divisional president and managing partner at JPI, said in a statement. "Fort Worth is home to over 80,000 businesses including household names such as American Airlines, Lockheed Martin and BNSF Railway.

"With the abundance of employment and entertainment options available, we feel there is no better place than Fort Worth for Jefferson River East."

Fifth Third Bank and CrossHarbor Capital Partners are funding the development.

JPI has more than 5,000 apartment under construction with offices in Texas, California, Arizona and New York.