Indianapolis — The University of Indianapolis will break ground this week on a four-story, 480-occupant apartment building designed to expand housing options for students.
The Greyhound Village, named in a student contest, will feature 196 furnished units with one to four bedrooms, private baths, kitchens, living areas, and washers and dryers. The indoor and outdoor common spaces will include a deck overlooking a pond.
Work will begin with the demolition of the 1950s-era apartments currently occupying the site, and construction will be completed in summer 2016, allowing students to move in for that fall semester.
A joint venture with developer Strategic Capital Partners, the estimated $25 million project is part of UIndy’s plan to improve the campus experience while also elevating the quality of life in the surrounding University Heights neighborhood.
Greyhound Village was designed by architects Schmidt Associates. Construction will be overseen by general contractor CRG Residential.