Milhaus, an Indianapolis-based national multifamily developer, owner and operator of Class-A residential and mixed-use communities, unveiled its new headquarters in downtown Indianapolis.
The revitalized building reinforces Milhaus’ commitment to the Mile Square, Indianapolis and urban growth across the U.S.
The 48,000-square-foot building along Washington Street is located in the historic Cole-Noble neighborhood. Milhaus will operate out of 28,000 square feet on two of the three floors with ample room for expansion.
The new headquarters is located next door to Milhaus’ first Qualified Opportunity Zone development, Grid. Housing 175 apartment units, Grid is home to just a fraction of the 3,000 units Milhaus has developed in central Indiana. More than half of those units are located in downtown Indianapolis.
Recent estimates show the annual economic impact of Milhaus’ downtown Indianapolis units exceeds $269 million. The total economic impact for all central Indiana development exceeds $472 million. Milhaus continues to invest in Indianapolis: Versa, its project in partnership with Gershman Partners and Citimark, broke ground in Broad Ripple in May.
Milhaus hosted a ribbon-cutting ceremony to introduce the new headquarters on Tuesday, June 20, and celebrated alongside the Milhaus board of directors, investors, Cole-Noble neighbors, and local and state representatives and community leaders, including Indianapolis Mayor Joe Hogsett and Downtown Indy President and CEO Taylor Schaffer.
“Milhaus continues to play a pivotal role in growing residential capacity across Indianapolis neighborhoods, including downtown,” said Mayor Joe Hogsett. “We are happy to welcome them back to downtown at a time when so many are choosing to make it home.”
Today, Milhaus has developed 48 total projects with $1.9 billion in assets under management. Multi-Housing News ranked Milhaus as 16th on its 2022 list of Top Multifamily Development Firms. The company has also been identified in the country’s top 5% of Qualified Opportunity Zone managers due to its success in offering accredited investors income-producing, inflation-protected, tax-incentivized real estate investment opportunities. Milhaus manages more than $500 million in QOZ assets across nine single-asset funds.
In addition to the Indianapolis HQ, Milhaus has regional offices in Kansas City and Austin, Texas, with additional boots on the ground in Florida and Denver.
