Here is Phase I of the Carburetor Lofts, in Fountain Square, fully leased:
And here is Phase I of the East Street Flats in Bates-Hendricks, nearing completion:
Most of these units are 120% of AMI, which, for an inexpensive city such as Indianapolis, is more or less a steal. SEND’s goal was to meet some untapped demand for sleek modern architecture in neighborhoods that would support them, but would still offer a much lower price point than northside neighborhoods like Herron-Morton (which is also welcoming its share of much, much pricier contemporary infill housing). The article reviews each apartment building on its own terms, gauging the success of the urban design and likelihood that they will help sustain each neighborhood’s growing viability within the demographic that actively seeks urban living. Comments are welcome, either here or on the Urban Indy webpage; I will do my best to respond.