INDIANAPOLIS, IN - The Annex Group, a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities, announces a grand opening and ribbon cutting event at its newest workforce housing community, The Annex of Bloomington. Located at 228 and 229 South Grant Street in Bloomington, Indiana, The Annex of Bloomington features 102 studio, one, and two-bedroom options within two buildings.
Future residents, community members, company partners and the media are invited to join The Annex Group in officially unveiling The Annex of Bloomington, a $23.04 million community. Details of the ribbon cutting ceremony and grand opening include:
“With a high population of renters and the student population of Indiana University, additional housing was needed in this area,” said Joy Skidmore, Development Consultant for The Annex Group. “To open our doors and show off this community is exciting but filling it with people who want and need a place to call home is even more so.”
The Annex of Bloomington is at the corner of 3rd and Grant Street in an area called the University Village Downtown Character Overlay District and is within walking distance to the Indiana University campus. As it is the workforce that drives the need for housing, this community is located in an area where people may struggle to find rental living.
“The Annex of Bloomington is in a desirable neighborhood with lots to do,” said The Annex Group President Tom Tomaszewski. “The property also comes with its own amenities, including retail space on the first level which includes a new Bru Burger location from Cunningham Restaurant Group, and Coffee Beanery in Bloomington, a new coffee shop which is opening soon. These are great dining options that will be really enjoyed by residents.
Partners on the project include: Gilliatte General Contractors, Inc. for construction, KTGY as the architect, Smith Design Group, Inc. for engineering, and STAR Financial Bank for $18.1 million in funding.
ABOUT THE ANNEX GROUP: The Annex Group is a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.