Building New From the Old

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One of Terre Haute’s biggest scenic assets is the Wabash River. Yet there’s still not a lot of community activity along the waterway. That could change with a new development.

It’s a $25 million student housing project scheduled to appear quite soon. And it’s expected to pave the way for other development.

When there’s an opportunity to move forward, it’s usually a good investment.

“What we’ve seen in the downtown area over the last ten years really is a tremendous amount of growth and so there’s opportunities that come out of that growth,” Mayor Duke Bennett said.

Recent plans for ISU enrollment expansion is what inspired Indianapolis based developer Annex Student Living to create a new student housing spot in Terre Haute. A perfect match was the vacant Boys and Girls Club located  between third street and the Wabash River.

“We really haven’t had many people living close to the river and so this one will be the closest yet. I’m visioning things on down the road that will have other developments even right on the river, but it kind of continues to move that development,” Bennett said.   

 Not only will the building open up some new doors for the community, but it will utilize a great space for student convenience.

Living off campus is something Indiana State University junior Alexa Mayer enjoys.

 “It gives me more of the adult feeling,” she said.

Her only draw back is living on the east side of the city close to 15 minutes away from campus. Something the new housing addresses.

 “It’d be right off campus which would be nice, to save on gas and mileage,” Mayer said.

With the new apartments priced from approximately $500 a month, it’s not much of a hike from what  she already spends monthly.

“I’m paying a little bit less than $500 right now, so it would really just depend on the quality of what I’m getting for that price, because right now I fully believe I’m getting what i pay for at this apartment.”

Leaving that convenience factor being one of it’s biggest pulls.   

Construction for the new apartment building is scheduled to begin this fall and completion is expected in the fall semester of 2017.

The building will be comprised of 408 bedrooms. Students will have the option to choose from a mix of fully furnished studios, 2 bedroom 2 bath and 4 bedroom 2 bath apartments.


 

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