Kokomo Announces Housing Development
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe City of Kokomo has announced a new housing development will replace an old mobile home park. Chicago-based JCF Real Estate will redevelop the site into an 88-unit duplex community.
April 13, 2015
News Release
KOKOMO, Ind. – A Chicago based real estate development company plans an 88-unit duplex community to replace an aging mobile home park on Kokomo’s west side.
JCF Real Estate has purchased the mobile home park, known as Kokomo River Estates, located at 1500 W. Markland Ave. The company is redeveloping the thirteen acre site into a duplex housing community.
“This is a great example of a private investor redeveloping an older neighborhood,” said Kokomo Mayor Greg Goodnight. “This housing project by JCF is a strong indicator that our focus on quality of life improvements is paying off. We are excited to continue to grow Kokomo by encouraging new market rate housing to serve our increasing population.
The one and two-bedroom units are being designed by JCF Real Estate and will feature open, park like areas, professional landscaping, on-site storage facilities, and on-going responsive property management.
“The city’s positive economic forecast and quality-of-life attracted us to Kokomo,” said Paul Robertson, JCF Executive Vice President. “We are extremely confident in our investment in Kokomo. We are excited about developing JCF Residences at Wildcat Creek along the Walk of Excellence and conveniently located near the new Wildcat Creek Soccer Complex.”
Construction is expected to begin later this spring.
Source: City of Kokomo