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Local senior-living complex more than doubles assisted-living units in $5M expansion
Check out a few more-detailed renderings of the newly named $156 million CityWay project at Delaware and South streets. City and development officials unveiled the new name, designed to reference both the project's downtown locale and the urban "way of life" it will offer, at a groundbreaking ceremony Wednesday. The complex, to be built primarily on Eli Lilly and Co.-owned parking lots, calls for a boutique 157-room Dolce hotel, a YMCA branch, 320 apartments and 40,000 square feet of retail and office space. Taxpayers are acting as the project's bank, putting up nearly every dollar used to build it, chiefly by loaning $86 million raised from the sale of municipal bonds. Locally based Buckingham Cos., the developer, expects to finish construction in about two years. (Click the renderings for larger versions.) What do you think?
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