Terre Haute, IN - When Core Redevelopment took on the $20 million project of repurposing the former ICON building into new apartments, the company had two themes in mind.
"It's like where history meets luxury, if you will," said property manager Mechelle Padgett.
By repurposing the building, developers were able to keep its industrial feel, with concrete columns and flooring, while also giving tenants updated features.
"Being able to repurpose something rather than tear it down and start from scratch, it just brings history and adds character to the building itself," said Padgett.
Padgett says the building had been vacant for close to eight years, and for the past year, it's been filled almost exclusively with construction workers and Core Redevelopment staff.
But come August 1st, the first day of priority there will be a lot of new tenants in the building.
Leasing agent Kaleigh Decker believes that the apartments will be a benefit to those who move in, and also to the overall opinion of the Wabash River itself.
"The river has definitely had a negative reputation maybe in the past," said Decker. "So I definitely think that coming in here and turning an old eyesore into something beautiful and functional even, it definitely adds a little bit of life."
The central location of the apartments, near Indiana State University, downtown businesses, and Union Hospital is convenient; and there is another more visual perk for future tenants.
"You're gonna have the best views in town," said Padgett. "I mean river views, you'll have views of downtown, you'll have views of the courthouse, ISU track."
The apartments also feature high, vaulted celings, but nothing is higher than the staff's hopes that this project kickstarts a stir in the community.
"I think that it's absolutely going to add some momentum to carry on throughout the future of developing the riverside," said Decker.
Decker says she has seen a wide demographic of possible tenants, from professionals of all ages, to people looking to downsize, and even some college students.
But renters should know all of those nice features do come at a cost. The lowest unit right now is going for $760 a month, with three bedroom apartments costing over $1600 a month.
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