Annex Group planning $70M apartment project near Indianapolis Zoo

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9 thoughts on “Annex Group planning $70M apartment project near Indianapolis Zoo

    1. Agreed! But I hope they improve on the design. The current sketchup is hideous (and I know that sketchup renderings don’t tell us much…but still). I’m hoping that DMD can convince them to add some ground floor commercial as well. There needs to be active uses facing the river.

    1. They are the typical apartments that are popping up all over the city. They could have been the even more typical with 4 over 1 construction. These guys seemed to have at least looked around the neighborhood and realized that 3 and 4 story buildings will fit better into the neighborhood, rather than 5 story buildings.

    2. These are not unique to Indianapolis, or its suburbs. Look at mid-rise apartment buildings in Columbus OH, Kansas City MO, Louisville KY, Pittsburg PA, Milwaukee WI, Minneapolis MN…these are this era’s architecture in America.

  1. I see the locals have finally given in to gentrification. They fought it with every effort for a few decades. Annex must have convinced them all that the market rate money is all they’ll ever get. 35 parcels is quite a feat for Annex.
    Too bad it’s only low income housing, what a view potential some mid to high rise market rate units could have had.

    1. Gentrification implies that the new construction would make it unaffordable to the families already living in the area. This is supposed to be an affordable project. So If anything it will add about 100+ additional affordable units to the area, which looks like 5 to 7 times more affordable units than currently exist on that block.

      I suspect all of the houses under contract were already low cost rentals created when the area was red-lined and families could no longer get mortgages.

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