Developer plans $5.6M revamp, expansion of 16th Street apartments
Axia Urban has purchased the former Bon Air Apartments, between Meridian and Illinois streets, and is set to renovate the three structures, as well as build another.
Axia Urban has purchased the former Bon Air Apartments, between Meridian and Illinois streets, and is set to renovate the three structures, as well as build another.
The local apartment owner and manager will spend $2.5 million to upgrade Ransom Place near the IUPUI campus from Section 8 housing. It’s the second time the company has undertaken such a project in the neighborhood the past few years.
Axia Urban and Near North Development Corp. are co-developing the project on North Meridian Street, which will feature a mix of affordable and market-rate units.
The private Todd Academy plans to move into a historic building at the northwest corner of East and New York streets in Lockerbie
Square.