Flaherty & Collins Properties and the City of Lawrenceburg, Indiana, will break ground on Whiskey River, a $32 million development that will bring 150 high-end apartments to the banks of the Ohio River.
A ground-breaking ceremony will be held at 500 W. High St. in Lawrenceburg, Indiana, Oct. 26.
“We are excited to get started on Whiskey River,” said Deron Kintner, general counsel and lead project developer for Flaherty & Collins Properties. “Whiskey River will be a vital component for helping the city realize its vision for the waterfront area, while giving new residents an exciting living destination that energizes the banks of the Ohio River.”
The development will provide unique amenities such as a resort-style pool, lounge area, grills, a co-working lounge and patio. Whiskey River also features a fitness center, a bark park, dog spa, bike storage with bike wash and repair station. Additionally, the project includes public green space.
Apartments will feature modern finishes, LED lighting, quartz counter tops, stainless steel appliances, washer and dryer and private balconies on most units.
“Whiskey River will bring new residents to the area and with strong disposable income to make employee recruiting easier and help support the local business,” Kintner adds. “These new residences will help drive the demand for further development in Lawrenceburg, creating an estimated $25 million in economic impact.”
The development represents a capital investment of approximately $32 million, with Busey Bank serving as construction lender.
Flaherty & Collins Construction will serve as the general contractor. American Structurepoint is the project architect and engineering firm. Flaherty & Collins Properties will manage the project upon completion.
The project, at 179,410 square feet, should be completed by the Summer of 2022.