The Banks in LaPorte Opens to Tenants
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Tenants have begun moving into The Banks, a new housing development situated next to Clear Lake in LaPorte. Our partners at The Times of Northwest Indiana report the $30 million development will boast nearly 200 units throughout three buildings when construction wraps this fall.
The Banks will feature a swimming pool, fitness room and several trails along Clear Lake. Other amenities include garages, a common lobby and an outdoor dog area.
According to LaPorte Economic Advancement Partnership Executive Director Bert Cook, more than 80% of the new tenants have relocated from other parts of LaPorte County and a vast majority came from elsewhere in the city.
“There are a lot of benefits in a lot of different ways, and part of this for us is to help encourage those that have rentals in our community to invest in their properties, to bring the overall quality of the rentals in the city of LaPorte up and provide better living options for all of our residents,” said Cook.
Cook says the development helps “move the needle” toward the city’s goal of increasing its population from about 22,000 to 30,000 by 2030.
The publication reports monthly rent at The Banks begins at $920 for a studio apartment, $1,125 for a one-bedroom unit and $1,450 for a two-bedroom unit.