The Indiana Economic Development Corp. has approved Regional Cities Initiative funding for two projects in Marshall County. The projects are centered around housing, which the IEDC says has been an obstacle in attracting and retaining talent in the region.
The IEDC has authorized nearly $83,000 in funding for the Sunrise Meadows project in Bremen. Phase one of the more than $700,000 project is underway and officials say, when complete, a total of 50 mid-level priced homes will be built.
"Our goal is to attract and retain talent to the Bremen community by providing quality condos and villas at Sunrise Meadows that will keep their value for years to come," said James Pomeroy, president of Rolling Meadows Development. "By also offering lots for individuals looking to build their own homes, we can continue to invest in Marshall County’s workforce and build a better quality of place in north central Indiana."
The IEDC has also approved $1.4 million for the River Gate South development in Plymouth. The more than $10 million project includes a three-building, 45-unit apartment complex in the city’s downtown and will be complete this summer.
The development will be connected by a pedestrian bridge to the Greenway bike and walking trail and River Park Square in Plymouth, which includes a concert amphitheater and weekend farmer’s market.
"To sustain Indiana’s economic momentum, we’re committed to transforming communities across the state into destinations for talent through the Indiana Regional Cities Initiative," said IEDC President Elaine Bedel. "These housing projects will help enhance the downtown areas in Bremen and Plymouth, attracting new residents and investing in north central Indiana’s growing workforce."
The projects were recommended for funding by the South Bend-Elkhart Regional Development Authority.