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A western Indiana development firm plans to build more than 250 residential dwellings on a deep, narrow tract of land just north of Indianapolis International Airport.
The project, known as Bridgeport Arts Village, is being developed by Graysville-based High Spirits Developers LLC for an undisclosed price. It’s expected to include 6,000 square feet of neighborhood-focused commercial space, 227 apartments and 30 townhomes across a 13.7-acre site at 8018 W. Washington St.
High Spirits, which was formed in March, includes at least two members, Pankaj Bajaj of Graysville, and Arbind Singh Kallu of Plainfield, according to filings with the Indiana Secretary of State.
The project is in part of Indianapolis that was once known as Bridgeport, which has been largely redeveloped over the years into a commercial zone saturated with gas stations and used-car dealerships, according to a development statement provided to the city by High Spirits.
“The number one assignment is how to develop this property as a village concept with amenities that will be a first step to spur additional like-development along Washington Street to advance this concept,” the statement said. “The elements of the project include amenities and featured structures that address the goal of changing the development pattern on Washington Street and support the residential elements still along this corridor.”
The site is just a few minutes from key employers in the airport corridor, including AAR Aircraft Services, Express Scripts, FedEx and Rolls-Royce.
The project is expected to be anchored along Washington Street by a mixed-use building featuring commercial and residential space, with a roughly 30-space parking lot in front of that building for retail users and rear-loading garages for the apartment users. That’s based on filings submitted to the city’s Department of Metropolitan Development.
Residential apartments with rear-loading garages would be above the commercial uses. Just north of the single commercial building would be the remainder of the apartment units spread across another 12 buildings. Many of the units are expected to have their own garage, although some parking spaces will be spread across the site between buildings.
The norther portion of the site would be used for the townhouse development, as well as extensive green space and a small trail. The town homes would be built across five buildings, each with six units. To the east of the homes would be the clubhouse and a pool area, and to the north of that would be a dog park.
High Spirits will go before the city’s Metropolitan Development Commission on Sept. 21 for approval to rezone the site to the planned unit designation, from its current agricultural zoning.
The property is currently owned by transportation company HJ Trans Inc., which bought the land in 2016. High Spirits’ plan for getting control of the property was not immediately clear. A representative for High Spirits did not return a message requesting comment for this story.
Indianapolis firm Prince Alexander is the architectural firm on the development.
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Looks like a solid-investment in a part of town that doesn’t get much new investment like this. Design surprisingly looks a little more sophisticated than other apartment/townhome projects recently.