707 North Apartments begin leasing for June opening

March 31, 2010
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707 North ApartmentsThe new owners of the eight-story condo project formerly known as 707 East North Street have set an opening target of June for what will be known as 707 North Apartments. The project by The Whitsett Group will feature 40 units, two fitness rooms, a business center and a community room, said Jamie Barnes, the community manager. Senior residents also will receive a complimentary membership to the Indianapolis Senior Center. One-bedrooms with 706 square feet will run about $700 per month, and two-bedroom units between 941 square feet and 1,235 square feet will cost about $1,250 per month. An earlier post on the project is here.

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  • So Subsidized?
    Are these still going to be subsidized? If so, are they leaning towards seniors? From the content it sounds like it's focused on seniors.
  • Section 42
    There are income restrictions because it was funded using Section 42 rental housing tax credits. I think the only reason they're highlighting the senior side of things is because of the proximity to the Senior Citizen Center.
  • Senior Center
    It is only $35 to join the senior center so it is a pretty cheap advertising thing to do. Senior Center has a fully staffed! fitness center so one at the building would not be needed by the seniors living there.
  • Setback
    It's a shame no one was thinking when they didn't force farther setbacks for this building. Westbound on North, you can hardly see approaching traffic on College without creeping out into the lane. It is startlingly dangerous.
    • 707
      They're section 42, so those rates only apply to seniors or those who make less than $25,000 a year. Otherwise you pay 'market rates' which was at $1,250 /mo.
    • Get serious
      Are you over/under 65? It is not difficult to see at all. This is not a high traffic area.

      Also, this was a condo development that failed. TWG bought it after the bank foreclosed and redeveloped it into affordable apartments.
    • Kudos
      Kudos for getting this project done. This building is beautiful...I'm glad someone put it to use.
    • I'm a Senior
      I need affordable housing and want to live downtown, who do I see about a unit there?
    • Bad management
      These apartments actually started going down hill after the first manager left. It is not worth the money to stay here. The building is not safe the elevator has been broken 4 times this year and almost caused a bad fire. No one including owners care just want to get paid. (try getting repairs don't hold your breath) A lot of us broke our leases and moved across the street.
      • Where did you move to down the street?
        Where did you move to "down the street?" Is there any other housing in the area that is around this price?

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