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Developer planning $60M project near Ball State

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A developer and the city of Muncie are planning a $60 million project with apartments, commercial storefronts and a parking garage a few blocks from the Ball State University campus.

The project discussed during a Muncie Redevelopment Commission will replace a largely vacant building in the Village commercial district.

The Star Press of Muncie reported that city officials plan to start building a six-story parking garage at the site this summer. Investment Property Advisors of Valparaiso would then build a four-story building wrapping around the garage that will have 228 apartments and storefronts on the street level.

Redevelopment commission director Todd Donati said the parking garage could be completed in November, with the apartments ready for leasing in the fall of 2014.

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