Tony townhouses on Penn

Indianapolis developer Axia Urban LLP is putting the finishing touches on Penn Townhouses, a part of its Meridian at 21 development north of downtown. From the outside, the eight units look like some of the finest on the market. They’re priced that way, too. The 2.5-story condos range from $459,000 to $489,000. Axia hasn’t sold any of them yet, but five of seven condos in the adjacent Joseph A. Rink Mansion have sold. The company expects the housing market will strengthen in the summer, said spokesman Mike Couch. Axia also is building Residences on Penn, which consists of 10 duplexes between 16th and 22nd streets on Pennsylvania, and Landmark of Lockerbie, a condo project along East Street between Ohio and New York streets. What do you think?