We’ve been keeping you updated on developments happening around the Central State campus on the near west side of Indianapolis, and we have even more news for you.
A Columbus, Ohio-based developer announced plans to spend $51 million to develop dozens of apartments + townhouses on seven acres of land on the western edge of the Central State campus.
Woda Cooper Development Inc. is looking to acquire a portion of the 50 N. Tibbs Ave. property to build 40 rental townhomes and 136 apartments intended for those making anywhere from 30% to 80% of the area’s median income.
The development would be called Richardson Townhomes & Flats and consist of two apartment buildings and eight townhouse structures with four to six attached single-family homes in each. It would also feature 204 parking spaces, a co-working space, and outdoor picnic areas.
If the project is awarded funding in November, construction would begin in fall 2024 and would be completed the following year.