The city of Elwood has broken ground on a $10.5 million development. The city says Tin Plate apartments at Veterans Park, which is being spearheaded by New Horizon Community Development LLC, will include a 72-unit apartment complex and park project honoring veterans during the first phase.
The city says the project will help address the lack of adequate housing.
“This was a huge milestone for us and the City of Elwood working together to help the community in future growth,” the New Horizon Community Development team said. “We are committing to a long-term relationship with the City of Elwood. This collaboration aligned the interests of the City, Council members, Elwood Redevelopment Commission, and Chamber of Commerce for a strong partnership.”
The city says the development also features a park project in the heart of the development area that will acknowledge current and former military veterans for their dedication and service to the United States. Veteran’s Park will have a city trail and an amphitheater that will be used for concerts and events.
According to the city, New Horizon is planning to support a second phase of apartments in the same area once the first phase stabilizes.
The city says it committed $300,000 of Food & Beverage Funds awarded by the Madison County Council for the construction of the park.