The Annex Group is developing an affordable $ 29 million residential community in Indianapolis

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Franklin Street Properties Corp. Sells Three Office Buildings Near Atlanta for $219.5M

Union at 16th, 2215 W. 16th St., will have 159 units.

INDIANAPOLIS – The Annex Group is developing Union at 16th, a $ 29 million shared apartment in Indianapolis. Located at 2215 W. 16th St., the 159-unit property will have one-, two-, and three-bedroom floor plans. Annex has completed project funding and will begin construction immediately. Completion is planned for winter 2021. Project partners include T&H Investment Properties LLC and the Indiana Housing & Community Development Authority. The City of Indianapolis offered tax breaks, R4 Capital Funding provided home and loan financing, Cinnaire provided tax credit capital, and the Indianapolis Neighborhood Housing Partnership provided additional home finance. Brenner Design is the architect and Crestline will be the property manager. Facilities include a playground, community center, fitness center, community gardens and bicycle parking.