Urban Indiana

Developer set to spend $51M on apartments, townhouses at Central State site

An Ohio developer plans to spend $51 million to develop dozens of apartments and townhouses on a seven-acre tract of land on the western edge of the Central State Hospital campus in Indianapolis.

Columbus-based Woda Cooper Development Inc. is in discussions to acquire a portion of the 50 N. Tibbs Ave. property to build 40 for-rent townhouses and 136 apartments intended for individuals making anywhere from 30% to 80% of the area's median income, with those percentages varying based on the dwelling.

Known as Richardson Townhomes & Flats, the project would consist of two apartment buildings—with 96 and 40 units, respectively—and eight townhouse structures with four to six attached single-family homes in each.

More below:
https://www.ibj.com/articles/developer-set-to-spend-51m-on-apartments-townhouses-at-central-state-site?utm_source=real-estate-weekly&utm_medium=newsletter&utm_campaign=2023-06-06&utm_id=44869738

Affordable housing project planned for Central State campus

Changes are coming to Central State on Indy's near west side.

Carmel-based development firm T&H Investments is planning to spend $36 million to build a 122-unit affordable housing project on the campus.

The early stages of construction are already underway on Central Greens Boulevard, just north of the 3000 block of West Washington Street.

More below:
https://indytoday.6amcity.com/affordable-housing-project-central-state-indianapolis

Merchants express concerns about Michigan Street 'road-diet' plan

A group of West Michigan Street business owners on Monday raised public objections to the city's plan to give a stretch of the thoroughfare on the near-west-side of Indianapolis a so-called "road diet."

At least seven business owners gathered at the corner of Michigan and Holmes Avenue with concerns about the economic impact of the construction process, the removal of parking spaces that serve as loading zones and what some perceive as unequal treatment of businesses when compared with other parts of the city.

City officials broke ground on the $4.7 million project in March. The road will be reduced from six total lanes of vehicular traffic to one lane on each side, beginning at Holmes Avenue and ending at White River Parkway West Drive. The project is expected to be completed by the end of 2023.

More below:
https://www.ibj.com/articles/merchants-express-concerns-about-michigan-street-road-diet-plan