The 254-unit Nora Pines would be renamed but remain affordable housing. TWG Development is asking the city to issue $17.6 million in bonds for the project, which the developer would be responsible for repaying.
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Indianapolis Public Schools' plan to sell the 11-acre former Coca-Cola bottling plant site at Massachusetts and College avenues has revived talk that Target would finally open a downtown store.
TWG Development LLC has agreed to pay $3 million to buy part of the AT&T property near the busy intersection of College Avenue and Kessler Boulevard to build a $39 million apartment project with an underground parking garage.
Officials in the town of Cumberland are in discussions with a local developer on a plan that could save a historic church from the wrecking ball.
