Sheldon Shafer reported in the Courier-Journal today that construction permits were issued for the so-called Axis Apartments slated for a site across from Distillery Commons and Headliners Music Hall.
As we previously reported, the $45 million project developed by Indianapolis-based Cityscape Residential will bring 300 new apartments to the street. The complex includes three, five-story buildings.
We lamented then that the project brought with it no urban street vitality, effectively making the development just another auto-oriented apartment complex built in an urban style. There’s little walkability in this stretch of Irish Hill and the Axis doesn’t look to fix that. Shafer’s report appears to confirm that this development will require a car as the development contains over 500 parking spaces.
According to Shafer, five permits pertaining to foundation work have been issued. Site prep work has already been going on for a while at the site and a formal groundbreaking is scheduled for the spring.
Apartments will range from $800 for a studio to $1,700 for a two-bedroom unit. If all goes as planned, the first units at the site will be available by the end of 2016 with the full project opening in 2017.
For more information, check out Shafer’s report.