Next Phase of $25M Development to Begin
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA groundbreaking for the second phase of a more than $25 million housing project is set for Tuesday in Indianapolis. Millikan on Mass includes 125 apartments, as well as retail space. The initial phase of the project is already complete and includes a second location of Lafayette-based Nine Irish Brothers restaurant. June 20, 2014
News Release
INDIANAPOLIS, Ind. – Insight Development Corp., the development arm of the Indianapolis Housing Agency (IHA), will officially break ground next week on Millikan on Mass, the re-imagination of the southern-half of the 500 block of Massachusetts Avenue.
Located in the heart of the Mass Ave. cultural district, Millikan on Mass will add 125 affordable and market rate apartments and about 19,000 square feet of retail space to the area. The project also includes improvements to the long-standing John J. Barton Apartments.
When: Tuesday, June 24; 11 a.m.
Insight developed a plan for the site that includes the preservation and rehabilitation of 367 public housing units in the Barton, as well as two phases of new construction at the base of the tower: Phase II, a $13.9 million project, will include 15,000 square feet of retail space and 64 market-rate apartments. The project received a federal grant to help fund construction and create at least 30 new jobs on site. Phase I, an $11.5 million project completed in December 2013 includes 4,000 square feet of retail space and 61 apartments. The apartments, which fully occupied, are available to low- and moderate-income households. What's more, Nine Irish Brothers, a Lafayette-based restaurant, is opening this month in Phase I.
About IHA
IHA is the public agency that receives and manages federal dollars for affordable and public housing efforts in Marion County. It presently helps more than 9,600 families find and maintain high-quality, affordable housing and connects families to training in financial literacy, job skills and other opportunities.
About Insight
Insight, IHA's nonprofit development arm, seeks mixed-source financing to preserve, improve and reuse existing properties, transforming community liabilities into assets, while also creating high-quality housing opportunities for Indianapolis families.
Source: Insight Development Corp.