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Purdue University said it hopes Discovery Park blossoms into an environment that fosters collaboration. (Rendering courtesy of Purdue University)Luxury apartments and mixed-use commercial space will soon be part of Purdue University’s Discovery Park District.
The university announced May 1 that Indianapolis-based developers Browning Investments LLC and J.C. Hart Co. have formed a joint venture to develop about 250 luxury apartments and 15,000 square feet of street-level commercial space, including restaurants, cafes, convenience retail and soft-goods shops.
The three-acre project will be near the corner of State Street and McCutcheon Drive in West Lafayette, making it within walking distance of grocery stores, parks, bike paths and cultural activities, the university said.
Groundbreaking is expected to take place this year. The one- and two-bedroom apartments are scheduled to accept their first residents in 2021.
The goal is to make Discovery Park into a “thriving, walkable, urban setting,” where innovators, entrepreneurs, students and researchers can congregate and collaborate, the university said.
The latest project will join three others under development in Discovery Park District, a 400-acre, $1 billion project to transform the west side of campus. The other projects are:
◗ A three-building, 831-bed apartment community, set to open in early August.
◗ A 145,000-square-foot, five-story, mixed-use building that will connect research labs and offices with startup facilities and is slated to open in early 2020.
◗ A 100,000-square-foot building for electric power research, set to open in 2020.•
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