The Annex Group unveiled plans to develop a new affordable housing community in Indianapolis.
The new $29 million property, Union at 16th, will feature 159 units with one, two and three-bedroom options at 2215 W. 16th St.
The project’s financing is closed and construction is ready to begin. Union at 16th is expected to open in winter of 2021.
The property will include 163 parking spaces, community gardens, playground, gazebo, community center, bike parking (and bike trail access), fitness center and onsite leasing and management.
Partners on the project include T&H Investment Properties, Indiana Housing and Community Development Authority, the City of Indianapolis, R4 Capital Funding, Cinnaire, Indianapolis Neighborhood Housing Partnership, Brenner Design, and Crestline.