TWG, Chase and Milhaus Plan Multiple Multifamily Projects in Downtown Indianapolis
- Jul 18, 2014
by Adriana Pop, Associate Editor
Three market-rate apartment developments and a condominium project could soon rise south of Massachusetts Avenue, bringing nearly 280 new residential units to the Lockerbie and Chatham Arch neighborhoods in downtown Indianapolis.
The Indianapolis Business Journal reports that on July 2, the city’s Historic Preservation Commission approved the $28 million Lockerbie North apartment complex at the northwest corner of East Michigan Street and North College Avenue.
Proposed by TWG Development LLC, the project includes four separate structures totaling 215 units, 5,000 square feet of commercial space and a 247-space underground parking garage. Construction is expected to begin in September.
In the same area on College Avenue, Milhaus Development is planning two additional apartment projects.
At 720 N. College, the developer is considering the replacement of a vacant structure with a four-story apartment building. The plan, which calls for 10 units and 16 covered parking spaces, will be reviewed by the IHPC in August.
At 747 N. College, Milhaus is planning the development of 42 apartments, 8,500 square feet of retail and 55 parking spaces. The project (pictured), still in the design phases, will rise at the southeast corner of College Avenue and East St. Clair Street, on a site currently used as a parking lot.
Meanwhile, on a 1.25-acre parcel at the northwest corner of East Michigan and Park Avenue, Chase Development LLC is proposing the construction of a 12-unit condo building with 21 ground-level parking spaces. Five of the units will be townhomes, while the remaining 7 will be flats.
If approved, the four-story project would replace the historic structure at 534 E. Michigan St., which dates back to the 1860s. IHPC will consider the company’s plans by Aug. 6, the newspaper reports.
Photo credits: Milhaus Development