‘Moving Forward’ Project Begins in Bloomington
Picture Courtesy: Pedcor Investments
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowWork officially gets underway today on the next Moving Forward development. Officials have broken ground on B-Line Heights in downtown Bloomington, which developers say will include more than 30 energy-efficient and affordable apartment units. Pedcor Investments Vice President of Real Estate Development Brandon Delk says the $10 million project in the city’s technology park overlay has been about than 10 years in the making.
Delk says the complex, in Bloomington’s Trades district, represents the first private investment in the city’s technology park overlay. He says the project holds special meaning to him, as he was part of a team that took part in a case competition on the site while he was a student at Indiana University’s Kelley School of Business.
The Moving Forward Program, launched in 2015, is a partnership between the Indiana Housing and Community Development Authority and Energy Systems Network. It aims to increase sustainable housing options and decrease the cost of living for low-income and moderate-income individuals and families.
Crews broke ground on the first Moving Forward community in Fort Wayne last year. Phase 1 of the Posterity Heights project is specifically geared toward single parents working to increase their educational attainment. Moving Forward 3.0 will be in East Chicago, aiming in part to help residents displaced from their homes because of lead contamination.
Delk says the sustainable model brings benefits to residents.