Meridian Heights Multifamily Development Site

Highlights:

• Located within an Opportunity Zone ("OZ") and Qualified Census Tract ("QCT") for potential long term tax benefits
• Resilient Rent Growth with High Demand for Class-A Properties
• Limited Competing Development in Local Market

Description:

Meridian Heights is a fully approved multifamily development opportunity. The project is planned for 56 units in the Perry neighborhood of southern Greater Indianapolis. The site plan includes plans for one building designed as three-story walk-up garden style living. The building includes flexible space for additional interior amenities and plans include dog park, pickleball courts, and carports. The project is efficiently designed on a generally level site of ±3.4 acres.

Convenient location with access to Downtown Indianapolis in less than 15 minutes (5 miles directly north) or the loop Interstate 465 in just more than one mile (accessing via S. East Street). Grocery, Pharmacy, and other retailers are also along the S. East Street corridor. Substantial employment opportunities surround the property, while the specific site retains a quiet residential feeling.

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