Indiana State University has cut the ribbon on its new $22.7 million student housing and retail development. The school says the facility brings the university into the heart of downtown Terre Haute.
The building is located at 500 Wabash Avenue. The top four floors in the Thompson Thrift development feature 75 apartments and will house nearly 260 Indiana State University students. The first floor includes retail and office space.
"We knew that many of our students, especially upperclassmen and graduate students, wanted more upscale housing, and they proved it by fully leasing this facility in less than 48 hours. Beyond providing needed housing for our growing student population, this project will also be a catalyst for further development in an already resurgent downtown," ISU President Dan Bradley said.
The project is a partnership between the university, Thompson Thrift Development and TIAA-CREF, which financed the project.