Mixed Use Apartments and Retail Space in Downtown Indianapolis Coming Soon

Monday, April 21, 2014

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Flaherty & Collins, one of the Midwest's largest developers of multifamily projects is completing another downtown 325 unit apartment complex with a supermarket and a parking garage. Located one block from the Downtown Canal, the $85 million project has been called a win for the city by Mayor Greg Ballard. The jobsite was once a parking lot north of the OneAmerica Tower. OneAmerica sold the ground to Flaherty & Collins. To make up for the hundreds of parking spots OneAmerica will lose to the project, the city will build the insurer a 930-space parking garage paid with $11 million in property tax money from Downtown's tax increment financing district. The apartments will be decidedly upscale, with monthly rents ranging from $1,075 for studios to $2,200 for two-bedroom units. Amenities will include a heated saltwater pool, fitness center and three courtyards.

The perforated panels on the parking garage were curved on site. The alternating pattern of four shades of blue were chosen to create a wave appearance. Supporting the panels is a subframing assembly unit. Interior work was also performed inside the ground level Marsh Supermarket. An aluminum composite metal panel was fabricated into signage in the deli department. The exterior walls of the apartment units incorporated profile metal wall panels into the design.