Kyle Bach, CEO of The Annex Group says, “this property will provide much-needed housing to people in downtown Indianapolis. It will be situated near IU Health Methodist Hospital, many businesses and feature access to ample public transportation. We believe a property like this can have an incredible impact on the people who live here and crave affordable housing that is also high-quality and convenient.”<\/p>\n<\/blockquote>\n Partners on the project include T&H Investment Properties, LLC<\/a>, a real estate development and construction company specializing in affordable and workforce housing, Indiana Housing and Community Development Authority<\/a> (IHCDA), the City of Indianapolis<\/a>, which provided incentives including tax abatement for the project, R4 Capital Funding<\/a>, which provided the construction and permanent loan financing, Cinnaire<\/a>, which provided tax credit equity, Indianapolis Neighborhood Housing Partnership<\/a> (INHP), which provided additional construction\/permanent financing, Brenner Design<\/a>, an architecture partner, and Crestline<\/a>, which will provide property management services.<\/p>\n 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.<\/p>\n ABOUT THE ANNEX GROUP®<\/strong> <\/a><\/div>\n","protected":false},"excerpt":{"rendered":" INDIANAPOLIS (January 12, 2021) – The Annex Group®, a leading workforce, affordable and student housing developer, announces today 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. 16thStreet. The project’s financing closed today… <\/p>\n![\"\"](\"https:\/\/cdngeneralcf.rentcafe.com\/\/dmslivecafe\/UploadedImages\/c6d34b82-887a-45df-a68a-5b8ba90b0f4f.jpg\")
\nINDIANAPOLIS (January 12, 2021) <\/strong>– The Annex Group®<\/a>, a leading workforce, affordable and student housing developer, announces today plans to develop a new affordable housing community in Indianapolis. The new $29 million property, Union at 16th<\/sup>, will feature 159 units with one, two and three-bedroom options at 2215 W. 16th<\/sup>Street. The project’s financing closed today with construction to begin immediately. Union at 16th<\/sup> is expected to open in winter of 2021.<\/p>\n\n
\nThe Annex Group is a leading workforce, affordable and student housing developer with a focus on providing innovative, amenitized housing in emerging markets throughout the United States. The Annex Group encompasses a vast portfolio of communities valued at more than $500 million. Serving as a catalyst for economic development, The Annex Group has overseen over $1 billion in commercial projects including redevelopment and ground-up construction. The Annex Group is proudly headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com<\/a> or follow them on Facebook<\/a> and LinkedIn<\/a>.<\/p>\n
{"id":243,"date":"2021-01-21T05:59:00","date_gmt":"2021-01-21T05:59:00","guid":{"rendered":"https:\/\/theannexgrp.rentcafewebsite.com\/blog\/?p=243"},"modified":"2023-09-07T10:42:04","modified_gmt":"2023-09-07T10:42:04","slug":"the-annex-group-announces-plans-for-union-at-16th-new-affordable-housing-community-in-indianapolis","status":"publish","type":"post","link":"https:\/\/www.theannexgrp.com\/blog\/2021\/01\/21\/the-annex-group-announces-plans-for-union-at-16th-new-affordable-housing-community-in-indianapolis\/","title":{"rendered":"THE ANNEX GROUP\u00ae ANNOUNCES PLANS FOR UNION AT 16TH, NEW AFFORDABLE HOUSING COMMUNITY IN INDIANAPOLIS"},"content":{"rendered":"
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