Multifamily O Indiana

Flaherty & Collins building $35 million mixed-use development in Indiana

Flaherty & Collins building $35 million mixed-use development in Indiana,ph01

Flaherty & Collins Properties will soon begin construction on The Strand, a $35 million mixed-use development in La Porte, Indiana.

The City of La Porte Redevelopment Commission selected Flaherty & Collins Properties last year to build a 200-unit multifamily development in the heart of the city’s NewPorte Landing redevelopment project.

The Strand will consist of three buildings totaling about 200 new living units and 5,000 square feet of retail space.

The development will occur along the shores of Clear Lake and will provide many unique amenities such as a resort-style pool with wet deck, outdoor courtyard featuring a fire pit and grilling station, a pet wash and bark park, fitness center with Fitness OnDemand technology and bike storage and repair. Apartments will feature granite countertops, tile backsplashes in kitchen area and stainless-steel appliances.

The development represents a capital investment of about $35 million. The La Porte Redevelopment Commission is supporting the project with Tax Increment Financing.

The project should be completed by the third quarter of 2021.