PRP acquired this downtown Indianapolis asset below replacement cost and will implement a comprehensive value-add program.
- 218-unit community with approximately 20K SF of commercial space, a multilevel parking garage, and full resident amenity package
- Prime canal-front location in downtown Indianapolis, surrounded by $6B+ in active and planned development:
- IU Health Expansion – $4.3B project reshaping the nearby health district (2027)
- Purdue Downtown Campus – $200M Academic Success Building directly west (2027)
- Circle Centre Mall Redevelopment – $600M mixed-use transformation (2028)
- Convention Center & Signia by Hilton – $800M expansion with the city’s tallest hotel (2026)
