Milhaus announced the recent grand-opening of Grid, a $30.4 million apartment project at 520 E. Washington St. in Indianapolis.
Grid includes 175 apartment units and 175 parking spaces in the heart of downtown Indianapolis. Amenities include co-working spaces, multiple fitness areas, outdoor grilling space and courtyard with a fire pit lounge, a pet-friendly bark park and pet spa, coffee and tea bar, resident lounge and bike parking and storage.
This property is Milhaus’ first Qualified Opportunity Zone Investment in the United States. Created by the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones are designed to spur economic development and job creation in distressed communities by providing benefits to investors who invest eligible capital into these communities.
Milhaus is focused on designing unique projects that complement and blend within existing neighborhoods. Not only was Grid’s prominent location in the Cole Noble Neighborhood inspiration for the name, but it was also an opportunity for Milhaus to work in a public art piece on the northwest corner of the building’s exterior as an amenity to the entire neighborhood and to highlight the talent of a rising local artist.
Local artist Jackie Head drew inspiration from the same source that inspired Grid: “Indianapolis was founded in 1820 and originally plotted on a grid structure, known as the ‘The Mile Square,’ by surveyors Alexander Ralston and Elias Pym Foundham. I wanted to take this original grid and combine it with other sources of inspiration relating to my Hoosier background.”
Studio, one- and two-bedroom units are available for pre-leasing, ranging from 395 to 1,240 square feet. Milhaus partnered with KTGY Architecture + Planning; Civil & Environmental Consultants, Inc.; and DkGr to develop this property.