Downtown apartment complex expanding

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.

Carmel-based J.C. Hart Co. Inc. wants to add 48 one-bedroom units to the 164-unit complex at 151 S. East
St. Out of 86 existing one-bedroom units, only one is vacant.

A new apartment complex downtown is expanding
by 48 one-bedroom units. (IBJ Photo/Robin Jerstad)

The four-story expansion would feature apartments with balconies
overlooking East Street on the second, third and fourth floors. A 41-space parking garage would occupy the first level.

When Hart won its original approvals for The Waverley from the city in 2006, the vacant land the company now wants
to build on was earmarked for three town-home buildings with first-floor retail space. But the company found little interest
in the commercial space.

J.C. Hart hopes to start construction as soon as next spring.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In