Milhaus’s $26M Downtown Redevelopment Obtains Rezoning, Design Approvals
Milhaus Development has received design and rezoning approvals from the Historic Preservation Commission to repurpose the former Mitchell & Scott industrial site in downtown Indianapolis into a five-building apartment complex.
Located in the Chatham-Arch historic district, the $26 million project will bring a total of 236 apartments, including studio, one-, two- and three-bedroom units. Rents will range between $900 and $2,000 per month, Milhaus announced.
Plans call for the construction of four new buildings, about four or five stories tall, and include the complete renovation of the historic two-story former office facility of Mitchel & Scott Machine Co. Approximately 7,000 square feet of first floor space could be developed as either residential or commercial.
Construction on the project is expected to begin this summer and be complete by next spring. Upon completion, the complex will offer residents an abundance of community space, an outdoor entertainment deck, a plaza, pool, an indoor bar, art gallery and lounge.
“This new project reflects our company mission to rebuild neighborhoods and is an important link between Lockerbie and Chatham-Arch. It will bolster the local economy with additional shoppers, diners and ticket buyers,” said David Leazenby, principal of Milhaus Development.
For the project’s design, Milhaus has partnered with Blackline Studio for Architecture, Anderson + Bohlander Landscape Architecture and CEC Engineering. Milhaus Construction LLC is in charge of construction, while The Gene B. Glick Co. will handle leasing.
In downtown Indianapolis, Milhaus is also developing the mixed-use, multi-phase residential project known as “Artistry”. The company’s recently completed projects in the region include the Mozzo apartments in the heart of the city’s downtown, the Solana Apartments at the Crossing near Keystone at the Crossing, as well as the Penn Circle Apartments in Carmel.
Photo credits: http://www.milhausventures.com