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Milhaus, Gershman Partners, and Citimark close on $70 million multifamily development in Indy

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Milhaus, Gershman Partners, and Citimark close on $70 million multifamily development in Indy Versa will bring 233 studio and one- and two-bedroom apartments to Indianapolis's $271 million, Class-A Broad Ripple Village development enterprise. Lake City Bank provided financing. Construction is under way.

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FEATURE STORY: 2013 Economic Development Awards

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Highlights include the largest industrial spec development lease in the last five years in Broward County. The Internet company received a $2-million incentive package (tied to job-creation commitments) for its relocation to the 100,000-square-foot office. Saveology’s move to Margate will add 700 jobs to its operation.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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said Geoff Schomacker, director of project development for the Indiana Office of Community and Rural Affairs (OCRA). In September, the program helped to make a new designation in Goshen’s Waterford Commons Business Park in Indianapolis. A clear path to acquiring or leasing the property must be identified and documented.

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