Plans Move Forward for Herman & Kittle’s $28M Apartment Project in Indianapolis
- Apr 28, 2015
by Adriana Pop, Associate Editor
A new apartment complex will soon rise on the east side of downtown Indianapolis.
According to the Indianapolis Business Journal, local developer Herman & Kittle Properties Inc. is planning a summer construction start for the $28 million, 240-unit market-rate project.
Designed by Mike Thomas of Herman & Kittle, the four-story development known as The Vue will be located at the southeast corner of South College Avenue and East Maryland Street. Upon completion, the new building will offer a mix of studios, one- and two-bedroom units, with monthly rents ranging from $950 to $1,650.
Amenities will include a swimming pool, fountain, fire pit, grilling stations, community garden, dog park and fenced-in basketball court. On the ground floor, there will be garage parking, as well as a bicycle storage room and electric car-charging stations.
Residents will also have access to a lounge, billiards room, convenience store, exercise classroom, fitness center, as well as conference and media rooms. Furthermore, on the building’s rooftop deck, there will be a kitchen area and meeting space for catering events.
The apartment project marks Herman & Kittle’s first foray into the city’s booming downtown residential market.
Last June, the company purchased the 2.6-acre site of the development from sisters Gina and Tina LaGrotte, who listed the property for $1.85 million through Colliers International. The sisters, who run the landmark Milano Inn, one of the oldest Italian eateries in Indianapolis, acquired the land in 2008 from a subsidiary of Eli Lilly and Co.
Herman & Kittle’s apartment projects in the area include Arborwood at Mann Road (pictured) and The Landings at 56th in Indianapolis, as well as Spring Mill Trails in Westfield, among many other properties.
Photo credits: apartmentinindianapolis.com