Groundbreaking nears for $4.5M apartment project

Back to TopCommentsE-mailPrintBookmark and Share

Construction is scheduled to begin soon on a $4.5 million apartment community near 22nd Street and the Monon Trail.

The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.

The apartment development site is part of a 46-acre expanse of brownfield properties DCI plans to transform into the National Design District, named for the former headquarters of the National Motor Vehicle Co.

The Project School, a charter school, opened in 2008. The developers also hope to draw retail, office and light industrial users to other parts of the property.

The apartment proposal calls for more than 62,000 square feet of space spread over two four-story buildings, on parcels at 2105 and 2115 Yandes St., according to a state filing. About 90 percent of the units will be classified as low-income housing.

Ground breaking is tentatively scheduled for early October with an opening target of summer 2011, said Matt Johnson, a project manager for Garcia Construction Group, the project's construction manager.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ