Construction begins on $40 million apartment project in Indianapolis

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Milhaus and Kite Realty Group Trust have unveiled plans to develop a $40 million apartment complex at Glendale Town Center in Indianapolis.

Called AYR, the project will offer 267 multifamily units. The development also includes new bike lanes, a left turn lane and green spaces.

Glendale Town Center, a shopping center dating back to 1958.

Construction is set to complete in 2021.

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