Multifamily O Indiana

Flaherty & Collins breaks ground on $32 million apartment project

Flaherty & Collins Properties has broken ground on Stonewater at The Riverwalk, a $32 million mixed-use, luxury residential apartment development in Elkhart, Indiana, at the former site of The Foundry.

Stonewater at The Riverwalk will consist of 205 luxury market-rate apartment homes and 6,300 square feet of retail space. The residential portion will include studios, one- and two-bedroom apartment homes.

Amenities will include a courtyard featuring fire pits, bar, lounge areas, grilling station and saltwater pool with a large wet deck. Additionally, the project includes a coffee lounge, conference room, pet wash, fireplace lounge, community demonstration kitchen, bike storage and repair, plus a gaming and study lounge. A 24-hour fitness center featuring Fitness onDemand® will be available for residents as well as concierge services.

Apartments will include cultured marble vanity tops with integral sinks, stainless steel appliances, washer and dryer, undermount faucets and sinks, as well as LED lighting in entries, kitchens and bathrooms.

Project partners include CSO Architects, American Structurepoint (Civil Engineer) and Lynch, Harrison & Brumleve, Inc. (Structural Engineer). Financing provided by First Source Bank. Flaherty & Collins Construction is the general contractor.

The project, at 237,337 square feet, plans to be completed by the Spring of 2019.