The Greenwood Redevelopment Commission approved the redevelopment of a middle school property this week in Greenwood, Indiana.
The agreement between Great Lakes Capital, CRG Residential and the city of Greenwood states that construction will last two-and-a-half years and require $83 million of investment.
The school will be transformed into multifamily housing, with more than 40 condos, 15 townhomes and upwards of 300 apartments.
The redevelopment, which totals seven structures, will also feature 18,000-plus square feet of commercial space. The plan hopes to bring revitalization to Greenwood’s Old Town area with housing, retail, restaurants and a parking garage.
