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Great guys and great development team! May they revitalize Lebanon
Almost $1,000/mo for a 1 bedroom apartment in Lebanon? I don’t know anyone who would even consider signing that lease.
“Young professionals” and “retirees” who don’t want to pay for the added costs of a single-family dwelling will easily be able to afford these units.
What young professionals want to pay $1,000/mo to live in Lebanon? They could live in Broad Ripple, Carmel, Fishers, etc for the same price. I’m not trying to bash Lebanon, it just doesn’t have a ton of jobs or amenities for young professionals. If they were priced in the $700-800 range, that would make more sense to me.
Wesley, from Lebanon it is an easy commute to Zionsville, to Whitestown, to Park 100/Intech, and even to Subaru in Lafayette, where there are lots of jobs for professionals. Not everyone wants to live in Broad Ripple, Carmel, or Fishers.
Chris, I am certainly aware that not everyone wants to live in the areas I listed, but they are some of the most expensive parts of the metro area to live in. That’s because the majority of young professionals are attracted to the amenities they offer. Lebanon doesn’t offer many of those amenities, so I don’t understand who would pay $1,000/month for an apartment there. It would be objectively dumb to buy a house in Lebanon that’s 100% identical to one in Carmel and pay more money for it in Lebanon.
Any dense development in the Indy metro is good news. Hopefully we many more fields getting developed soon, though. Spreading out instead of up is one of our biggest issues as a metropolitan area.
I am talking about the fields between Lebanon (and other suburbs) and Indy – not ones further out.