By City of Muncie Communications—
Muncie, IN—The City of Muncie has announced a key milestone in the construction of the White River Lofts.
Rough framing, windows/doors and roofing work for the project is complete and a topping off ceremony is scheduled on Monday, March 15 at 1:30 p.m. at the White River Lofts to recognize, what developers call a “dry-in” milestone.
Located at 400 West Washington Street, the new development will feature 55 luxury apartments, and 2,000 square feet of commercial space. Leasing inquiries are currently being accepted and the first lease has already been signed. The project is the first in the White River Canal District.
The White River Canal District is the result of collaborative efforts and strategic partnerships including the City of Muncie, Downtown Development, Next Muncie, Canal District Holdings, Inc., and Gillette General Contract. The “Central City” has been selected as the focus of Next Muncie as both the hub of activity and catalyst for meaningful city transformation. The Central City area includes Muncie’s highest concentration of place, economic, cultural and educational assets, including thriving institutions and key areas ripe with opportunity.
“This is the first step of activating one of Muncie’s best natural resources, the White River, in downtown,” said Muncie Mayor Dan Ridenour. “The city is investing in adjacent property to build a Riverwalk and Community Gathering space as our part of the project. We are excited to see this project moving toward completion.”
The $9 million development, located in a Federal Opportunity Zone, will promote continued investment in the Canal District and will provide an attractive housing option for Muncie’s workforce. Major employers such as Ball State University, IU Health Ball Memorial Hospital, Muncie Power Products, and Accutech Systems have been vocal supporters of the project, advocating that quality housing options help them recruit and retain talent.
The opening date for the White River Lofts is planned for June of 2021. Leasing inquiries are currently being accepted. For more information, visit whiteriverlofts.com.
About WS Property Group
A proven leader in commercial development, healthcare/senior living development and asset management with over 30 years of experience. Professional services include site selection, land development, zoning, full service asset management, and leasing. WS Property Group has the leadership, direction, and drive to provide their clients and investors with innovative professional Real Estate services. Visit www.wspropertygroup.com.
About Next Muncie
Committed leaders from across our city have formed a strategic partnership to create transformational success throughout the Central City. With values rooted in collaboration, the leadership team aims to build lively places, foster healthy living, and create new opportunities for learning and working. Visit www.nextmuncie.com.
About Muncie, Indiana
Incorporated in 1865, the City of Muncie is a welcoming and ambitions community. The municipality has a population of approximately 70,085 residents, and is located in the heart of East-Central Indiana. Muncie prides itself as being a central hub for commerce, recreation, and development. Home to quality education, technology driven development, and a friendly populous. Muncie is proud to be “The Capital of East-Central Indiana”