The site of the former Terre Haute police station will have a new use in the coming years. The Tribune-Star reports developer Wabash Avenue Partners LLC plans to build an $8 million housing complex that caters to Indiana State University students and young adults.
The Terre Haute Redevelopment Commission has accepted an offer from the company to acquire the property.
The publication says the city will sell the parcel of land for $1 but will provide no other tax abatements.
The developer says it will use local subcontractors to demolish the vacant police station and build what it calls a hybrid dorm/residential edifice.
“It’s the old real-estate adage — location, location, location,” said Rob Tolle of Indianapolis-based WDG Construction, the parent of Wabash Avenue Partners LLC. “Its being downtown in close proximity to Indiana State University, Rose-Hulman Institute of Technology and the new Convention Center made it very attractive.”
Tolle says iIn addition to students, the location will appeal to “young professional who want to live downtown but not spend a significant part of their salary on rent.”
Tolle expects to break ground on the project in August, and have the building open for business in August 2023.
Last fall, the Terre Haute Police Department moved into its new headquarters, which is located inside the former Tribune-Star newspaper offices.