$20M Monon16 Development Begins

Posted: Updated:
(Image of Mayor Joe Hogsett [pictured left of Re-Development Group CEO Josh Dubach] courtesy of Re-Development Group.) (Image of Mayor Joe Hogsett [pictured left of Re-Development Group CEO Josh Dubach] courtesy of Re-Development Group.)
INDIANAPOLIS -

Indianapolis Mayor Joe Hogsett is touting a $20 million housing development in a neighborhood receiving renewed interest as "innovative and transformative." Plans for the Monon16 project call for 60 new, single-family houses in the Kennedy Park district near the Monon Trail. The city says the area hasn't received private investment or development in a century.

Twenty percent of the development, the city says, will be reserved for buyers with lower incomes. Hogsett adds "this is an area that has started to come alive after years of disinvestment. The Monon16 development will offer quality, safe and affordable housing for all, which is the foundation of a strong and sustainable neighborhood." He says the project is in-line with the city's commitment to "preserve affordable housing in our neighborhoods."

Construction is now underway between 16th Street and 21st Street near the Monon Trail and is expected to be complete in 2020. The mixed-use development is a collaboration among Indianapolis-based Re-Development Group, Texas-based David Weekley Homes, the city and King Park Development Corp.

  • Perspectives

    • States Can Foster Job Growth if Lifelong Learning is at Play

      The worlds of work and learning are merging in powerful ways, driven by the exponential growth in human knowledge. This means the abilities needed in the workplace go beyond simple “job skills” that can be learned quickly through a short-term training program. I was with Montana Gov. Steve Bullock when he released the newest National Governors Association report, “Governor’s Action Guide to Achieving Good Jobs for All Americans,” at the opening session...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • UPDATE: Nestlé Details Fort Wayne Layoffs

      Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • Northern Indiana Telemarketer Sentenced in Scheme

      A Merrillville telemarketer has been sentenced to over five years in prison for his role in a $10 million scheme to defraud mostly elderly victims in the United States. Carlin Woods, 35, pleaded guilty in 2017 to a count of conspiracy to commit wire fraud, one count of wire fraud and another conspiracy count to commit money laundering. 

    • 'Hottest Real Estate Markets' Include Indiana Locales

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • (Image courtesy of Horseshoe Casino Hammond.)

      Indiana Casinos to Begin Sports Betting

      A pair of northwest Indiana casinos will soon add sports wagering to their offerings. Horseshoe Hammond Casino and Ameristar Casino East Chicago are both set to open sports betting areas at their respective casinos ahead of the kickoff to the 2019 NFL season.