Indy company targeting 2024 openings for 2 housing projects
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Indianapolis-based multi-family housing development company RealAmerica says two new projects currently under construction are slated for 2024 openings. The projects represent the company’s first forays into Warsaw and Bloomington.
RealAmerica is investing $14 million to build The 2525, a 60-unit apartment building in Warsaw. The project, which began in October 2022, will feature amenities such as a play cafe, telehealth room and a coffee bar.
Additionally, RealAmerica said it is working with local colleges to offer on-site tutoring and tuition reimbursement for residents.
“We believe everyone should be able to live in a home where they feel safe and supported,” President Ronda Shrewsbury said in a news release. “Being able to offer residents high-quality housing at a price point they can afford is the reason RealAmerica exists. We’re thrilled to be able to offer Warsaw families a community that will help them thrive.”
The 2525 is expected to open in early 2024 and is pre-leasing now.
Additionally, RealAmerica provided an update on the previously announced Retreat @ the Switchyard, a 64-unit apartment complex in Bloomington designed to cater mostly to lower-income and developmentally challenged residents.
The company is investing more than $21 million on the project, which will feature offerings such as 529 plan funding for resident children and common areas with internet-connected computers.
The development is also partnering with local not-for-profit Stone Belt to provide on-site services for individuals with intellectual and developmental disabilities.
Retreat @ the Switchyard is slated to open in the summer of 2024.