Construction began this week on Trail Side on Mass Ave, a four-story apartment and retail project by Riley Area Development Corp and Monument Realty. The $10-million project will feature 11,000 square feet of retail space on the first floor, and 69 one-bedroom apartments on the upper floors, along with an underground parking garage. Funding came from multiple sources including Housing and Urban Development, Indianapolis Housing Agency, Indiana Housing and Community Development Authority, National Bank of Indianapolis, Indianapolis Neighborhood Housing Partnership, Local Initiatives Support Corporation and Alliant Capital. The architect is A2SO4. The project is slated for completion by the spring of 2012. An earlier rendering of the project is available here. What do you think?