Apartments and Carmel and Residential Real Estate and Hamilton County and Development/Redevelopment and Regional News and Real Estate & Retail

Downtown apartment complex expanding

September 5, 2009

The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom units.

Carmel-based J.C. Hart Co. Inc. wants to add 48 one-bedroom units to the 164-unit complex at 151 S. East St. Out of 86 existing one-bedroom units, only one is vacant.

A new apartment complex downtown is expanding by 48 one-bedroom units. (IBJ Photo/Robin Jerstad)

The four-story expansion would feature apartments with balconies overlooking East Street on the second, third and fourth floors. A 41-space parking garage would occupy the first level.

When Hart won its original approvals for The Waverley from the city in 2006, the vacant land the company now wants to build on was earmarked for three town-home buildings with first-floor retail space. But the company found little interest in the commercial space.

J.C. Hart hopes to start construction as soon as next spring.

 

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