Groundbreaking event signals start of student apartment project

Groundbreaking event signals start of student apartment project

UIndy broke ground on a new four-story apartment building that will create new housing options for up to 480 students, while beautifying and promoting new development along the city’s increasingly vital Shelby Street corridor.

The joint venture between the university and local developer Strategic Capital Partners will feature 196 furnished units with kitchens, living areas, washers and dryers, in a variety of floor plans from one to four bedrooms, each bedroom with a private bath.

The new structure will replace a 60-unit campus apartment complex at Shelby Street and National Avenue that dates to the 1950s, as well as an adjacent row of aging duplexes, all of which now house 175 students. Construction, overseen by general contractor CRG Residential, should be complete by July 2016, in time for students to move in for the fall semester. The total project cost is estimated at approximately $25 million.

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