Flaherty & Collins Properties recently celebrated the opening of The Banks, a $35 million mixed-use development that will bring a high-end apartment complex and retail space to NewPorte Landing in La Porte, Indiana.
The Banks is a 194-unit mixed-use development that includes 5,000 square feet of retail space on a four-acre parcel at the NewPorte Landing development site, located just off Clear Lake near Truesdell Avenue and Chalmers Street.
The development features amenities such as a resort-style pool with wet deck, outdoor courtyard featuring a fire pit and grilling station, a pet wash and bark park, fitness center with Fitness OnDemand technology and bike storage and repair. Apartments feature granite countertops, tile backsplashes and stainless-steel appliances.
The development represents a capital investment of about $35 million. Lake City Bank served as construction lender and Foss as tax credit purchaser. The La Porte Redevelopment Commission supported the project with Tax Increment Financing. Flaherty & Collins Construction served as general contractor.
The project broke ground in September of 2020.