Construction on a $14.5 million project that will bring 144 market-rate apartments to the Daviess County city of Washington is expected to get underway later this year. Economic development officials say the project, which has been a year in planning, is expected to increase workforce attraction and help unlock economic development in the region.
The Washington Redevelopment Commission has approved the project. Developers are seeking approval from the Washington City Council to consider the project for TIF-funded infrastructure support and a tax abatement.
“This is a very positive development for Daviess County, as it will create capacity for our local workforce to grow and step into jobs that are both available and being created in the community,” said Bryant Niehoff, executive director of the Daviess County Economic Development Corp.
Niehoff says a housing study conducted two years ago revealed more market rate housing was needed to promote economic growth and job creation, “so this represents an important step forward.”
The $14.5 million project will build six apartment buildings offering 1,000-1,200 square foot apartments in one-, two- and three-bedroom configurations.
Gibson County-based Simplified Developments LLC is the developer behind the project.
“An added plus for Washington is that we hope to work with several local subcontractors for framing and other construction as we build out these apartments, so that will support local job creation and the economy,” said Phil Reinbrecht, president of Simplified Developments.
He says a separate company Reinbrecht Homes, is making plans to develop a number of new residential homes for the Washington area.
Daviess County EDC says the developer has completed similar housing developments in Haubstadt and Princeton.