December 11, 2017
Monon Lofts is a 142 unit mixed income development. The property will offer tenants a direct link to the Monon Trail, with permanent bike racks to safely store bicycles and encourage green transit. While Indianapolis is seeing a surge of market rate housing in the luxury class, there remains a need for affordable and market rate apartments that are priced on the lower end of the market. While the affordable rents will be in line with 50% and 60% AMIs, the market rate rents will be offered at a 30% discount to market rate properties in the downtown core. Located along several bus routes and directly along the Monon Trail, this project is an opportunity to live on the downtown edge with real and easy access to downtown.