Drugstore to Anchor Retail Component at Pulliam Square in Downtown Indianapolis
- Sep 16, 2013
by Adriana Pop, Associate Editor
TWG Development LLC, formerly known as The Whitsett Group, is planning to open a drugstore at Pulliam Square, the mixed-use redevelopment of the former Indianapolis Star headquarters in downtown Indianapolis. According to the Indianapolis Business Journal, the developer has asked the city for a variance that would allow for a drugstore drive-through at the site. A decision is expected by October.
Besides the ground-level retail component, TWG’s mixed-use project will include 500 apartments in three buildings. Two of the structures already exist, while the third will be developed at the corner of Delaware and New York streets. Construction is expected to begin in November, the newspaper reports.
In May, TWG purchased the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star’s parent company, Virginia-based Gannett Co. Upon completion, the Pulliam Square project is set to become one of the largest residential developments in downtown Indianapolis.
In regional news, News and Tribune reports that New Hope Services Inc. has acquired the 45-unit Duck Creek Apartment complex in Elwood.
Developed in 2002, the property is a multifamily Section 42 affordable housing community with two-, three- and four-bedroom apartments. The complex is located three miles away from the Forest Glen Senior Apartments, also owned by New Hope Services.
“We are very pleased to be able to include Duck Creek in our affordable housing program,” James A. Bosley, president and CEO of New Hope Services Inc., said in a news release: “Having both senior and multifamily properties in Elwood gives us the opportunity for improved efficiencies in management and maintenance, a broader continuum of affordable housing, and a greater investment in the community of Elwood.”
With its latest addition, the non-profit company has about 275 units of affordable housing located in the Clark, Floyd, Harrison, Scott, Jefferson and Washington counties.
Photo credits: Browning Day Mullins Dierdorf Architects