A local apartment developer plans to start construction this summer on a $28 million apartment project on the east side of downtown that could breathe new life in an area void of new development.
Herman & Kittle Properties Inc. has dubbed the development Vue—a 240-unit market-rate project to be built at the southeast corner of South College Avenue and East Maryland Street.
The developer bought the 2.6-acre parcel listed for $1.85 million from sisters Gina and Tina LaGrotte. They’re well known in the neighborhood as the longtime operators of the landmark Milano Inn at 231 S. College Ave., one of the city’s oldest Italian eateries.
The sisters bought the lot in 2008 from a subsidiary of Eli Lilly and Co., with the intention of holding onto it until it attracted interest from a residential developer, Gina LaGrotte told IBJ in June, when Herman & Kittle put the land under contract.
The four-story Vue will feature one- and two-bedroom units, as well as studios. The exterior will be comprised of a combination of stone, brick and fiber-cement siding.
Outdoor amenities will include a swimming pool, fountain, fire pit, grilling stations, community garden, bark park and fenced-in basketball court with key-fob access.
Spread throughout the four floors inside will be a resident lounge, billiards room, convenience store, exercise classroom, fitness center, and conference and media rooms.
The rooftop deck will feature a kitchen area and roll-up wall for catering events. On the ground level, in addition to garage parking, residents will have access to a bicycle storage room and electric car-charging stations.
Rents will range from $950 to $1,650 per month. The architect is Mike Thomas of Herman & Kittle.
Herman & Kittle's other local apartments projects include The Landings at 56th in Indianapolis and Spring Mill Trails in Westfield.