Student Housing Developer Eyes Terre Haute

Posted: Updated:
The company says the development would be an economic boon for "the surrounding downtown area towards the river." The company says the development would be an economic boon for "the surrounding downtown area towards the river."
TERRE HAUTE -

An Indianapolis-based developer is proposing a $25 million student apartment project near the Indiana State University campus in Terre Haute. Annex Student Living says construction on the 408-bed development could begin in the fall and be complete in a year.

Chief executive Kyle Bach says Annex 41 would serve as a catalyst for the city's downtown. "In 2015, we saw an opportunity to support the University’s aggressive plans for enrollment growth. We began scouting locations that would offer Terre Haute college students an opportunity to live in a new yet affordable community just steps from campus."

The company has submitted plans to the city and its economic development commission. It says the project would involve around 100 construction jobs and at least five full-time positions would be created when work is complete.

Annex Student Living has properties throughout the state, including in New Albany, Richmond, South Bend, Vincennes and Indianapolis, as well as a presence in Ohio, Illinois and Kentucky.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Events



  • Most Popular Stories

    • (photo courtesy of WTHR-TV)

      Andrew Luck Retiring from NFL

      In a shocking development following the Indianapolis Colts' preseason loss to the Chicago Bears, quarterback Andrew Luck has announced his retirement from the NFL. Luck, who did not play in Saturday's game, said the number of injuries he has suffered throughout his professional career "has taken my joy of this game away." Luck teared up during a news conference in which he made his announcement. "After 2016 where I played in pain and was unable to regularly...

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • (Image courtesy of Northern Indiana Commuter Transportation District)

      Michigan City Commits $12M to South Shore Track Project

      The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue. 

    • On-Air

      Find out when and where you can watch and listen to our reports.