INDIANAPOLIS-Strategic Capital Partners LLC has teamed up with the city and other developers to create the 100-acre Avondale Meadows mixed-use project, which is expected to cost up to $200 million. The project is a redevelopment of a downtrodden, existing low-income housing site.

The Chicago-based firm recently broke ground on the first development at the site, a 248-unit apartment complex called East Village. The apartments are a joint venture of SCP, the Sterling Group, the Meadows Community Foundation and the city. Sterling was brought on because of the company’s experience with apartment housing, says Mike Higbee, managing director of SCP’s Urban Development Group.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.