Hitting 'Heights': Moving Forward Project Begins in Bloomington

Posted: Updated:
Picture Courtesy: Pedcor Investments Picture Courtesy: Pedcor Investments
BLOOMINGTON -

A statewide initiative designed to help low- to moderate-income Hoosiers find affordable, efficient housing continues to roll along. Work is underway on the $10 million B-Line Heights development in Bloomington.

Pedcor Investments Vice President of Real Estate Development Brandon Delk, the developer in charge of the project, says B-Line Heights has been about 10 years in the making. He says the Indiana Housing and Community Development Authority has tasked Pedcor with creating something "that is innovative, that is transportation-oriented but also very sustainable and energy-efficient."

B-Line Heights will be located in downtown Bloomington in the Trades District, the city's technology park overlay. The project marks the first private investment in the district, which is a conglomerate of city-owned properties that Bloomington leaders are hoping to turn into locations for businesses and incubators.

"We thought, you know what, for an innovative housing project, how cool would it be to co-locate with other innovative businesses in the area with like mindsets," said Delk, "where you're putting something that is not necessarily a business, but maybe roofs over the heads of folks that are potentially employed in the housing district to make it more of a live-work-play atmosphere."

Delk says the overall goal is to reduce housing and transportation costs for Hoosier families. Those expenses, he says, can account for about 45 percent of household spending. Developers worked with partners including Purdue University and Indianapolis-based Applied Engineering to identify cost-effective ways to increase energy efficiency. In addition, Carrier provided high-efficiency HVAC units at discounted prices.

The location of the development is also a big part of the plan. The property is next to the city's public transportation system and near the B-Line trail, a multi-modal, multi-use path. Delk says services, retail, dining and job opportunities are all within walking distance of the property, meaning users can walk or bike and perhaps negate the need for a second family car.

B-Line Heights is part of Moving Forward 1.0, which also includes the under-construction Posterity Heights in Fort Wayne. Moving Forward 2.0 involves projects in Indianapolis and Lafayette, while the third phase will include developments in East Chicago and Gary.

Pedcor anticipates the grand opening for B-Line Heights to come in the late summer or early fall of 2019. It will feature 34 housing units, with one-, two- and three-bedroom options for renters with incomes ranging from $26,220-$43,440.

Delk says he can personally attest to the fact that development of the site has been a long time coming. He won a case competition involving the property about eight years ago while a student at the IU Kelley School of Business. Now that work is finally underway, community leaders believe Bloomington will be a welcome addition to the Moving Forward movement.

Delk says his team’s selection was an example of “reverse engineering” of sorts from the state.
Delk says the location of B-Line heights will help residents cut down on transportation costs.
  • Perspectives

    • Shawn Gardner

      How Veterans Can Help Close Indiana's Skills Gap

      Over one million computing and engineering positions will need filled by 2020. It's a staggering statistic; however, with studies predicting only 400,000 computer-related students will graduate by that time, it is more important than ever the technology skills gap is diminished. One way to close this gap is to recruit military veterans to the tech industry. After all, it is the perfect match.

    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

    • (Image of the South Shore Line courtesy of the Northern Indiana Commuter Transportation District.)

      South Shore Rail Project Moves Forward

      The Northwest Indiana Regional Development Authority has taken another step toward landing funding for the West Lake Corridor expansion of the South Shore rail line. Our partners at The Times of Northwest Indiana report the RDA Board of Directors has approved a governance agreement that will allow the Indiana Finance Authority to sell bonds to finance the effort.

    • Cement Maker Details $600M Investment in Mitchell

      The Texas-based owner of a Lawrence County cement supplier has announced a major investment. Lehigh Hanson Inc. says it plans to pump over $600 million into the Lehigh Cement Co. plant in Mitchell and add more than 50 jobs in the next four years. The company says the modernization effort is the largest it has ever launched in North America. It will involve a new plant on the 2,500-acre property where Lehigh Cement Co. began operations 116 years ago. The company expects to...

    • 1st Source Bank is the highest-ranked bank headquartered in Indiana. (photo courtesy 1st Source Bank)

      Forbes Ranks Top Banks, Credit Unions in Indiana

      Forbes has released its inaugural list of the best banks and credit unions in every state. The publication, along with market research firm Statista, surveyed more than 25,000 U.S. customers who rated the banks on criteria such as satisfaction, branch services, and financial advice.

    • Shawn Gardner

      How Veterans Can Help Close Indiana's Skills Gap

      Over one million computing and engineering positions will need filled by 2020. It's a staggering statistic; however, with studies predicting only 400,000 computer-related students will graduate by that time, it is more important than ever the technology skills gap is diminished. One way to close this gap is to recruit military veterans to the tech industry. After all, it is the perfect match.

    • Aussie Tech Company Chooses Indy

      A sales software company from Australia is setting up its first U.S. office in Indianapolis. SalesPond, which has offices in six other countries, says it will invest nearly $500,000 into a downtown location and hire 36 employees by 2023. The company currently has a headcount of 150 in Australia, Brazil, India, Indonesia, Korea, Japan and New Zealand. SalesPond plans to have six employees in its Circle Tower building office by year's end. Positions currently available include...