EddieB317
March 16th, 2011, 07:27 PM
TRAIL SIDE ON MASS AVE (http://rileyarea.org/blog/2010/07/current-projects/trail-side-on-mass-ave/)
Riley Area Development Corporation
PROJECT LOCATION The project is located at 875 Massachusetts Avenue, Indianapolis, IN 46204, in Marion County.
PROJECT & UNIT DESCRIPTION
Creates 69 units of affordable housing with common areas for services and meetings. The development is located in the heart of downtown Indianapolis.
The rent levels for the project will be as follows: thirteen (13) units set aside for households at 30% area median income (“AMI “); sixteen (16) units of 40% AMI rent level; sixteen (16) units of 50% AMI rent level, and twenty-four (24) units of 60% AMI rent level. All sixty-nine (69) unit sizes are one bedroom units. Project also includes first floor retail and office spaces.
RADC and Monument Realty and Management (“Monument”) serve as co-developers.
AMENITIES Quality components such as underground parking for building tenants, lot lighting, energy efficient appliances, and other support services were designed into the project to meet development quality issues.
The resident activity room and community services space serve as the focal point for the multitude of services. All of the services and amenities of downtown Indianapolis are within close proximity to the project site. Located within walking distance of the development are state and local government and other major employers, grocery stores, restaurants, beauty and barber shops, service stations, places of worship and community parks, the Colt’s and Pacer’s stadiums and IUPUI campus.
AREA NEEDS This project engages the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee to assist residents to address barriers to their own economic well-being.
COMMUNITY DEVELOPMENT Trail Side on Mass Ave supports the economic progress already made in Marion County by creating jobs during the construction phase, in the operation of the building and in adding 69 units of quality affordable housing. The project also secures several key service providers, the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee.
UNIQUE FEATURES
Location Offers the opportunity to access the exciting multitude of services and amenities of downtown Indianapolis by stepping out your front door. The new Cultural Trail is right out your front door, restaurants, shopping, entertainment, the Colt’s and Pacer’s stadiums, museums, IUPUI, grocery stores, services, restaurants, shopping are all within walking distance.
No need to rely on transportation The proximity of this downtown location, combining affordable housing and access to support services, offers a unique opportunity in this prime setting. All residents, in particular very low income residents, can access via walking or a bicycle, thousands of entry level jobs. Dependence on a car or public transportation, in arriving for an early, late, split shift, or even multiple part time jobs that many hospitability and entry level jobs require, is much easier at this location.
Partnership with the Center Township Trustee This marks the first time the Center Township Trustee, charged with helping those in dire need in Center Township, has directly partnered in developing affordable housing.
Access to the Cultural Trail Another truly unique amenity, the Cultural Trail is right out the front door of Trail Side. The City of Indianapolis is spending over $25 million to construct the Cultural Trail. This trail connects the city’s six cultural districts and the Monon Trail. People can walk, bike, and run on this trail to get anywhere in the city. The trail offers safer bike and foot travel downtown because of the creation of paths for bikes and pedestrians. It encourages exercise because of its availability and proximity.
Catalyst for Development on the Eastern portion of Mass Ave Spurs the development of this under developed eastern end of Mass Ave. Clearly the Davlan has become a vibrant center of economic and housing activity.
Work begins on mixed-use Trail Side on Mass Ave (http://www.ibj.com/property-lines/2011/02/24/work-begins-on-10m-trail-side-on-mass-ave/PARAMS/post/25509)
IBJ.com
February 24, 2011
Construction began this week on Trail Side on Mass Ave, a four-story apartment and retail project by Riley Area Development Corp and Monument Realty. The $10-million project will feature 11,000 square feet of retail space on the first floor, and 69 one-bedroom apartments on the upper floors, along with an underground parking garage. Funding came from multiple sources including Housing and Urban Development, Indianapolis Housing Agency, Indiana Housing and Community Development Authority, National Bank of Indianapolis, Indianapolis Neighborhood Housing Partnership, Local Initiatives Support Corporation and Alliant Capital. The architect is A2SO4. The project is slated for completion by the spring of 2012.
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_02.jpg
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_03.jpg
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_01.jpg
https://lh4.googleusercontent.com/_weBy68KZy-I/TYDvBEafT8I/AAAAAAAAE8g/-BU2PF2DXAA/s1000/Screen%20shot%202011-03-16%20at%201.00.07%20PM.jpg
https://lh6.googleusercontent.com/_weBy68KZy-I/TUByy8-iHJI/AAAAAAAAE38/66rXzdlwOco/s1000/photo%201.JPG
https://lh6.googleusercontent.com/_weBy68KZy-I/TWlmks0SIrI/AAAAAAAAE6M/BOPvigo05bg/s1000/photo.JPG
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https://lh5.googleusercontent.com/_weBy68KZy-I/TYDpfcG34YI/AAAAAAAAE8c/GvdGCWKIqWQ/s1000/photo%203.JPG
Riley Area Development Corporation
PROJECT LOCATION The project is located at 875 Massachusetts Avenue, Indianapolis, IN 46204, in Marion County.
PROJECT & UNIT DESCRIPTION
Creates 69 units of affordable housing with common areas for services and meetings. The development is located in the heart of downtown Indianapolis.
The rent levels for the project will be as follows: thirteen (13) units set aside for households at 30% area median income (“AMI “); sixteen (16) units of 40% AMI rent level; sixteen (16) units of 50% AMI rent level, and twenty-four (24) units of 60% AMI rent level. All sixty-nine (69) unit sizes are one bedroom units. Project also includes first floor retail and office spaces.
RADC and Monument Realty and Management (“Monument”) serve as co-developers.
AMENITIES Quality components such as underground parking for building tenants, lot lighting, energy efficient appliances, and other support services were designed into the project to meet development quality issues.
The resident activity room and community services space serve as the focal point for the multitude of services. All of the services and amenities of downtown Indianapolis are within close proximity to the project site. Located within walking distance of the development are state and local government and other major employers, grocery stores, restaurants, beauty and barber shops, service stations, places of worship and community parks, the Colt’s and Pacer’s stadiums and IUPUI campus.
AREA NEEDS This project engages the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee to assist residents to address barriers to their own economic well-being.
COMMUNITY DEVELOPMENT Trail Side on Mass Ave supports the economic progress already made in Marion County by creating jobs during the construction phase, in the operation of the building and in adding 69 units of quality affordable housing. The project also secures several key service providers, the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee.
UNIQUE FEATURES
Location Offers the opportunity to access the exciting multitude of services and amenities of downtown Indianapolis by stepping out your front door. The new Cultural Trail is right out your front door, restaurants, shopping, entertainment, the Colt’s and Pacer’s stadiums, museums, IUPUI, grocery stores, services, restaurants, shopping are all within walking distance.
No need to rely on transportation The proximity of this downtown location, combining affordable housing and access to support services, offers a unique opportunity in this prime setting. All residents, in particular very low income residents, can access via walking or a bicycle, thousands of entry level jobs. Dependence on a car or public transportation, in arriving for an early, late, split shift, or even multiple part time jobs that many hospitability and entry level jobs require, is much easier at this location.
Partnership with the Center Township Trustee This marks the first time the Center Township Trustee, charged with helping those in dire need in Center Township, has directly partnered in developing affordable housing.
Access to the Cultural Trail Another truly unique amenity, the Cultural Trail is right out the front door of Trail Side. The City of Indianapolis is spending over $25 million to construct the Cultural Trail. This trail connects the city’s six cultural districts and the Monon Trail. People can walk, bike, and run on this trail to get anywhere in the city. The trail offers safer bike and foot travel downtown because of the creation of paths for bikes and pedestrians. It encourages exercise because of its availability and proximity.
Catalyst for Development on the Eastern portion of Mass Ave Spurs the development of this under developed eastern end of Mass Ave. Clearly the Davlan has become a vibrant center of economic and housing activity.
Work begins on mixed-use Trail Side on Mass Ave (http://www.ibj.com/property-lines/2011/02/24/work-begins-on-10m-trail-side-on-mass-ave/PARAMS/post/25509)
IBJ.com
February 24, 2011
Construction began this week on Trail Side on Mass Ave, a four-story apartment and retail project by Riley Area Development Corp and Monument Realty. The $10-million project will feature 11,000 square feet of retail space on the first floor, and 69 one-bedroom apartments on the upper floors, along with an underground parking garage. Funding came from multiple sources including Housing and Urban Development, Indianapolis Housing Agency, Indiana Housing and Community Development Authority, National Bank of Indianapolis, Indianapolis Neighborhood Housing Partnership, Local Initiatives Support Corporation and Alliant Capital. The architect is A2SO4. The project is slated for completion by the spring of 2012.
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_02.jpg
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_03.jpg
http://a2so4.com/wp-content/gallery/trailside-at-mass-ave/w_trailside_01.jpg
https://lh4.googleusercontent.com/_weBy68KZy-I/TYDvBEafT8I/AAAAAAAAE8g/-BU2PF2DXAA/s1000/Screen%20shot%202011-03-16%20at%201.00.07%20PM.jpg
https://lh6.googleusercontent.com/_weBy68KZy-I/TUByy8-iHJI/AAAAAAAAE38/66rXzdlwOco/s1000/photo%201.JPG
https://lh6.googleusercontent.com/_weBy68KZy-I/TWlmks0SIrI/AAAAAAAAE6M/BOPvigo05bg/s1000/photo.JPG
https://lh4.googleusercontent.com/_weBy68KZy-I/TYDl7GMb5fI/AAAAAAAAE74/O47oxrXhiY4/s1000/photo%201.JPG
https://lh4.googleusercontent.com/_weBy68KZy-I/TYDl7u1dgGI/AAAAAAAAE74/x_ZuwZr2QBY/s1000/photo%204.JPG
https://lh5.googleusercontent.com/_weBy68KZy-I/TYDpfcG34YI/AAAAAAAAE8c/GvdGCWKIqWQ/s1000/photo%203.JPG