INDIANAPOLIS, IN - TWG, a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the development of the multifamily component of the Chatham Hills master development, a new $41 million apartment complex northeast of Grand Park in Westfield, Indiana.
The new project will be located on either side of Chad Hittle Drive, just west of US 31 and 196th St., within the 252 acres added to the Chatham Hills PUD District in November 2019. The project will mark the first for TWG in Westfield, and is a part of a master development plan to bring new housing and amenities to the area.
“There has never been a better time for TWG to enter the growing city of Westfield,” said J.B. Curry, Vice President of Market Rate Development at TWG. “We believe in this market, and are excited to expand TWG’s presence in our headquartered state of Indiana with this new luxury development.”
The 250-unit project will encompass two, three-story buildings and feature a mix of one, two and three bedroom apartments. The buildings equate to over 290,000 gross square feet on a 10-acre property located between Tomlinson Road and US 31.
The units will vary from 750-1,400 square feet and cost between $1,100-$1,750 per month. Residents can enjoy stainless steel appliances, granite countertops, nine-foot ceilings, luxury floors and full depth balconies. Luxury amenities include a pool, community grilling area, dog park with a dog washing station, lounge area, yoga studio, business center with individual workspaces and fitness center.
This project is made possible with the support of lender First Financial Bank. Construction on the project is expected to begin this month, and the first units will become available in Summer 2023.
“We’re thrilled to begin construction on such a luxury development in the Chatham Hills area, which we really believe will appeal to all types of renter demographics, as Westfield continues to make itself a highly desirable area to live within central Indiana,” continued Curry.
The multifamily development is TWG’s first project in Westfield, Indiana. This year, TWG will also break into numerous markets as they continue to expand their presence nationwide with the creation of new market-rate, affordable and mixed-use projects.
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.