Indianapolis-based Cityscape Residential LLC is slated to begin construction Monday on a $30 million development in Louisville. The company expects the Apex on Preston Apartments to be complete by early 2016. Cityscape is also planning a $40 million, 300-unit complex in the Kentucky city. Read More
Indianapolis-based Cityscape Residential LLC is moving forward with plans for a $40 million apartment complex in Louisville. The company says the 300-unit Axis Apartments will be built on the former site of a rail car processing facility. It will be the company’s second development in the Louisville area. Read More
Once upon a very depressing time, large multi-family developers were only willing to invest in Class A apartment complexes in Louisville’s far suburbs.
That’s about to change dramatically. Read More
Ground could be broken this fall for 300 apartments on Lexington Road after plans for the project were approved by the Louisville-Jefferson County Metro Planning Commission last week.
The site’s developer, Cityscape Residential, must get final approval for the project from the Louisville-Jefferson County Metro Council.
Kelli Lawrence, a partner in Cityscape Residential, said the company expects to receive approvals from the council in early August and move toward closing on the property and groundbreaking in October. Read More
While some Millennials are lured to the major markets, many also are happy to call Indianapolis and other Midwestern markets home. In addition to the desire for entrepreneurship and innovation, Millennials also have a strong family orientation. Staying closer to family and friends no longer has to mean sacrificing the lifestyle and experiences Millennials aspire to in larger cities thanks to urban redevelopment and new luxury housing options available in the Midwest. Read More
Finding the right blend of units to include in a new development has always been a tricky task for owners and developers. But in this rental environment, the decision takes on even more importance. Choosing the right mix of one-, two- and three-bedroom units can determine whether you’re building will be home to Baby Boomers or full of Millennials. Read More
The newest and swankiest apartment complex in the Keystone at the Crossing area is on the market and generating a lot of buzz from interested investors.
82 Flats, a 232-unit project completed in 2013 by Cityscape Residential, formerly known as Hearthview Residential, cost about $24 million to build. It’s north of the Clearwater Crossing shopping center at 82nd Street and Dean Road, within walking distance of the renovated Rivers Edge shopping center anchored by Nordstrom Rack and The Container Store. Read More
The CBRE Indianapolis-Cincinnati Multi-Housing Group has been hired to sell 82 Flats, a 232-unit multi-family property located on the north side urban district of Indianapolis.
82 Flats sits at Keystone at the Crossing, a compact region that contains high-end shopping, dining, gated and lakefront estate homes and Class-A office addresses.
The area surrounding 82 Flats has some of the strongest demographics in the Indianapolis MSA. The average household income exceeds $77,500 within one-half mile of 82 Flats. Housing values immediately south of 82 Flats exceed $2.5 million.
To see the full article, visit Midwest Real Estate News.
Cityscape Residential is ready to make a big investment in the Louisville market. And that investment is starting with the Apex on Preston Apartments, which will bring 312 high-end multi-family units to the city’s Commerce Crossing Business Center.
Cityscape, a multi-family real estate development and construction firm, is expected to brak ground on the $30 million project in June of this year. Read More