updated: 7/4/2012 2:33:55 PM

Work to Begin on Indy Senior Housing Project

InsideINdianaBusiness.com Report

Developers, city, state and civic leaders have broken ground on an $8.4 million senior housing project in Indianapolis. The "First Devington" is replacing the former Arlington Palms Apartments. The new complex will have 48 units and should be complete by next summer.

Twitter Facebook LinkedIn

Continued Below...

  • Print
  • E-Mail
  • Newsletters

July 3, 2012

News Release

INDIANAPOLIS-- City, state, and civic leaders today broke ground on a $8.4 million senior housing project on the city’s North-East side. The “First Devington” development will replace the former Arlington Palms Apartments with a 48-unit complex for seniors 55 and older featuring rain gardens, a walking trail, outdoor pavilion, media center and aquatic exercise pool. The project, which will be completed by summer 2013, was made possible by state and local housing redevelopment incentives.

“This is a very important project for the Devington community and its neighboring areas,” said Michael Huber, Deputy Mayor of Economic Development. “The many facets of this project, which include development of areas immediately surrounding the housing construction, will benefit the community in areas of increased public safety, rejuvenating business commerce, and ultimately increasing accessibility for the public to utilize businesses that call Devington home.”

As the highest scorer in the City of Indianapolis, development group BWI and Gary Hobbs, was one of 14 developers awarded Section 42 financing tax credits in 2012 from the Indiana Housing and Community Development Authority (IHCDA). This N.E. Indianapolis project was selected by IHCDA by demonstrating the most positive community impact and future elaboration. The City will also ensure the area’s reinvestment with new paving, street lights, and unique bus stops.
“The redevelopment of the former Arlington Palms site is yet another great example of the many successful public-private partnerships contributing to revitalizing our neighborhoods,” said Mayor Greg Ballard. “This sustainable new complex will offer not just affordable housing but terrific amenities to a deserving population in our community.”

“There is a desperate need to provide affordable, sustainable housing for our senior residents,” said Congressman Andre Carson. “‘First Devington’ and development projects like this are possible through legislation I have supported that has brought Federal ‘HOME’ dollars to the Seventh Congressional District of Indiana. Since its creation, the innovative ‘HOME’

program has secured $87 million in assistance to revitalize our Indianapolis neighborhoods.” Indianapolis native and Hollywood Comedian Mike Epps will also be joining the list of speakers to attend the revitalization event by advocating for local jobs and minority business. Epps said, "I want to show support for my community and local minority developers”.

“First Devington” is a collaborative effort of the Devington Communities Association (DCA) to revitalize and create sustainable living models in the Devington community. Working with urban specialist Wil Marquez of w/Purpose (and Devington resident), this development will incorporate energy efficiency and sustainability elements including: Energy Star rated furnace, lighting fixtures, appliances, and fans, as well as solar panels. The First Devington design team included key contributors, including Developer Gary Hobbs (BWI), General Contractor T&W Corporation, lead Architect Mark A Smith (MAS & Associates), Sustainability expert Christin Kappel (Simply Sustainable), and Civil Engineer Roger Ward (Ward Engineering). Completion date for the development is slated for summer 2013.

Black & White Investments (BWI) is a Mid-west, urban development and management company headquartered in Indianapolis. BWI has a portfolio of several Section 42 properties and retail strip malls. They currently have six multi-family mix-use initiatives in the various stages of development.

BWI has distinguished itself as tax credit developer that provides unique design and ongoing service solutions that truly complement the communities in which it serves. Our mission is to impact communities and underrepresented individuals with affordable and quality living conditions.

We do this by developing mix use apartment and mix-use retail strip centers that are part of a larger redevelopment plan; and that are linked with local businesses, neighborhood centers, and local churches.

Devington Communities Association (DCA) is an “umbrella” civic group founded in the 70’s that represents neighborhood groups, Block Clubs, and residents who live in the Devington community in Indianapolis. Our goal is to establish a working relationship with local churches, businesses, neighborhood organizations, schools, concerned citizens and government to promote community revitalization, safety, and pride. Our mission is to be an advocate for our area’s education, security, and environmental needs.

w/purpose is a creative design studio curious about our built environment and its future. For us, this means neighborhoods and buildings; the experience of our streetscapes; or the spaces where people shop and spend their time. We are a studio that explores the interrelationships between those elements, their meaning, and how to make them better – a design collaborative fixed on delivering ideas about how we live and what our future may look like. We call this design with purpose – because it is.

Source: Black & White Investments, LLC

  • Print
  • E-Mail
  • Newsletters