Bedford to Get to Work on Stellar Project

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Officials in Bedford will break ground next week on the first development related to its 2013 Stellar Communities designation. The $8 million Stonecutters Place Senior Apartments project is expected to be ready for lease by February 2016. September 3, 2014

News Release

BEDFORD, Ind. - The City of Bedford will celebrate the launch of the first Stellar project at 11 a.m. Sept. 12 with a groundbreaking ceremony at the proposed Stonecutters Place Senior Apartments, 16th and K streets.

Through the Indiana Stellar Community Program, the City of Bedford has partnered with Hoosier Uplands and the Indiana Housing and Community Development Authority to develop a housing plan for Lawrence County senior citizens.

Stonecutters Place will comprise 30 apartments. Construction of the new facility will convert the former Carriage House, demolish portions of the Brock & Sears building, and raise an addition in its place. anticipate the project will fulfill the need for suitable and affordable housing for local seniors, particularly those who wish to age in place and require ready access to services.

The project organizers have secured the funding and purchased the properties. The acquired funding totals $8,076,058. The breakdown includes an HUEDC loan for $182,551, an FHLBI-AHP grant for $500,000, a deferred developer fee of $28,495, Old National Foundation gift of $15,000, a general partner gift of $100 and LIHTC equity of $7,349,912.

Finalizing the construction drawings and demolition activity are scheduled to begin Sept. 15, and the state design release and building permits are expected on Sept. 30. The construction process is set to begin Oct 1, and will be completed Oct. 1, 2015, with apartments ready to lease by Feb. 1, 2016.

Housing options for seniors are often limited. Place's strategic location will provide a multidisciplinary approach to assist seniors. From the site’s high visibility to its easy access to multiple amenities, including the library, pharmacies, a beauty shop, bookstore, the Limestone Trail and government services, the apartments will provide a stable, pleasant and unique living environment, and allow seniors the opportunity to maintain their independence in the community for as long as possible.

In addition to creating a safe, affordable housing option for seniors in a downtown setting, the Stonecutters project will restore a historic downtown building, repurpose a vacant, blighted structure, and infill and reclaim a vacant lot for parking for the facility.

Stonecutters Groundbreaking Ceremony:

Lt. Governor Sue Ellspermann, State of Indiana Lt. Governor

Former Lt. Governor Becky Skillman, Radius Indiana President

Matt Crouch, Indiana Office of Community and Rural Affairs-South Central Community Liaison

Kathleen Weissenberger, Indiana Office of Community and Rural Affairs, Director of Grant Support

State Senator Brent Steele, State Senator for District 44

State Representative Eric Koch, State Representative for District 65

Steve Ferguson, Advisor, Cook Group, Inc. Chairman

Mayor Shawna Girgis, City of Bedford Mayor

Julie Blackwell Chase, City of Bedford Clerk-Treasurer

Jacob Sipe, Indiana Housing and Community Development Authority Executive Director

David Miller, Hoosier Uplands Chief Executive Officer

Byron Buker, Bedford City Council President

David Flinn, Lawrence County Commissioners President

Jason Mullis, Lawrence County Council President

Gene McCracken, Lawrence County Economic Growth Council Executive Director

Jamie Medlock, Bedford Area Chamber of Commerce President

John Hawkins, Kovert Hawkins Architects

Carla Naum, Milestone Ventures

Ray Walker, Walker Construction

City of Bedford Esteemed Council:

Adele Bowden-Purlee, Bedford City Council

Judy Carlisle, Bedford City Council

Julie Hewetson, Bedford City Council

Michelle Murphy, Bedford City Council

Patrick Robbins, Bedford City Council

Mark Scherschel, Bedford City Council

Greg Pittman, City of Bedford Attorney

Honored Community Partners:

Tony Ravenna, Bedford Board of Works

Gary Pruett, City of Mitchell Mayor

Susan Gales, Bedford Revitalization, Inc. President

Melissa Acton, Deputy District Director for Congressman Todd Young

Mary Anderson, Bedford Historic Review Board

David Jacobs, Bedford Historic Review Board

Rowena Cross-Najafi, Bedford Historic Review Board

Mary Margaret Stipp, Bedford Historic Review Board

Chris May, Lawrence County Commissioner

Bill Spreen, Lawrence County Commissioner

Keith Dillman, Lawrence County Council

Jim Edwards, Lawrence County Council

Mark Mathis, Lawrence County Council

Craig Turpen, Lawrence County Council

Michael Wright, Lawrence County Council

Tonya Chastain, Lawrence County Tourism

Source: The City of Bedford