Awarding of Hendricks Pointe Apartments

Welcome to Shelbyville

The City of Shelbyville is pleased to announce that the former Hendricks Elementary School will be renovated as a new development known as Hendricks Pointe Apartments.

This is a culmination of a nearly year-long process in which the developer, with the support of the City, applied for and received tax credits issued by the Indiana Housing and Community Development Authority.

The highlights of the grant award are as follows:

  • $7.1 million investment to create 37 apartment homes
  • Awarded $759,000 in annual tax credits by the Indiana Housing & Community Development Authority
  • 1, 2, & 3 bedroom apartments

Construction schedule  is anticipated to be as follows:

  • Construction to begin summer 2012
  • Opening summer 2013

And the amenities include full-sized washers and dryers, playground, computer lab, exercise room, on-site management, and more.

The City Administration believes this will be a benefit to the area and to the City as a whole.

Thanks go out to Real America Development LLC for their investment and confidence into the community.

– From the Office of Mayor Tom DeBaun

Guest tagged this post with:
, , , , ,
Read 125 articles by
  • http://www.facebook.com/people/Tyler-Simpson/1068259884 Tyler Simpson

    7.1 MILLION DOLLARS???  At 800 dollars an apartment per month multiplied by 37 apartments its going to take almost 20 years to get your investment back and start making profit……….

    • Indyishome

      Tyler, that’s where some of the Tax credits come in.  at $750k a year in tax credits, this helps the bottom line of the company.  Trust me, I wouldn’t be worried since it isn’t your investment, but they will get it back in at least 7-10 years, if not sooner.

  • Mabeckley

    This is great; both my boys went to grade school there and I was so sad to see it just sit there!

On Youtube

Latest Classifieds

Michael Haehl Real Estate Agent

Upcoming Events

Jul
29
Wed
2015
all-day The Salvation Army’s Back to Sch... @ Salvation Army
The Salvation Army’s Back to Sch... @ Salvation Army
Jul 29 all-day
The Salvation Army's Back to School Drive and Distribution @ Salvation Army | Shelbyville | Indiana | United States
This is a back to school drive and distribution.  You can donate from July 1st-29th, and you can sign up to recieve distributions on July 23rd and 24th.  On the 30th, items will be distributed[...]
4:00 pm Shelbyville Farmers Market @ Downtown Shelbyville
Shelbyville Farmers Market @ Downtown Shelbyville
Jul 29 @ 4:00 pm – 7:00 pm
Shelbyville Farmers Market @ Downtown Shelbyville | Shelbyville | Indiana | United States
Visit the Shelbyville Farmers Market for fresh produce, fresh freezer beef, fresh flowers, locally produced canned and baked goods, hand made local items and more! Every week on Saturdays from 8am-noon through Oct. 3rd, and[...]
Jul
30
Thu
2015
all-day The Salvation Army’s Back to Sch... @ Salvation Army
The Salvation Army’s Back to Sch... @ Salvation Army
Jul 30 all-day
The Salvation Army's Back to School Drive and Distribution @ Salvation Army | Shelbyville | Indiana | United States
This is a back to school drive and distribution.  You can donate from July 1st-29th, and you can sign up to recieve distributions on July 23rd and 24th.  On the 30th, items will be distributed[...]
8:30 am Christmas in Shelbyville in July... @ Bear Chase Golf Club
Christmas in Shelbyville in July... @ Bear Chase Golf Club
Jul 30 @ 8:30 am
Christmas in Shelbyville in July Golf Outing @ Bear Chase Golf Club
This will be a golf outing at the Bear Chase Golf Club with several different groupings.  See the flyer below for details. Share this:FacebookTwitterGooglePinterestLinkedInMoreRedditEmail
6:15 pm Shelbyville Rotary Club Meetings @ The Fiddlers Three Restaurant
Shelbyville Rotary Club Meetings @ The Fiddlers Three Restaurant
Jul 30 @ 6:15 pm
Shelbyville Rotary Club Meetings @ The Fiddlers Three Restaurant
The object of Rotary is to encourage and foster the ideal of service as a basis of worthy enterprise and, in particular, to encourage and foster: 1. The development of acquaintances as an opportunity for service.[...]
Jul
31
Fri
2015
10:00 am Creative Time at the Gallery @ The Gallery
Creative Time at the Gallery @ The Gallery
Jul 31 @ 10:00 am – 2:00 pm
Creative Time at the Gallery @ The Gallery | Shelbyville | Indiana | United States
The Gallery in downtown Shelbyville is hosting a weekly open house for artists to enjoy the company of other artists and the benefit of a studio. Share this:FacebookTwitterGooglePinterestLinkedInMoreRedditEmail
5:30 pm Critical Mass Bicycle Ride @ Downtown Shelbyville
Critical Mass Bicycle Ride @ Downtown Shelbyville
Jul 31 @ 5:30 pm
Critical Mass Bicycle Ride @ Downtown Shelbyville | Shelbyville | Indiana | United States
A casual, group, bicycle ride around Shelbyville. Routes will vary. Generally about a 10 mile ride. Kids welcome with supervision. Please where a helmet. All types of bikes are welcome. The ride is simply a[...]
7:00 pm TEEN: Lock-In
TEEN: Lock-In
Jul 31 @ 7:00 pm – Aug 1 @ 6:00 am
It’s the annual teen lock-in! Stay tuned for details! Registration will be required. You may begin signing up on Monday, July 27.Share this:FacebookTwitterGooglePinterestLinkedInMoreRedditEmail
7:00 pm The Echo Effect Gathering @ The ECHO Effect Arts Campus
The Echo Effect Gathering @ The ECHO Effect Arts Campus
Jul 31 @ 7:00 pm
The Echo Effect Gathering @ The ECHO Effect Arts Campus | Shelbyville | Indiana | United States
Every Friday night there will be a gathering for fellowship, worship and study. Find out more about the Echo Effect Arts Campus here.Share this:FacebookTwitterGooglePinterestLinkedInMoreRedditEmail
7:00 pm The Skyline Drive-In @ The Skyline Drive-In
The Skyline Drive-In @ The Skyline Drive-In
Jul 31 @ 7:00 pm
The Skyline Drive-In @ The Skyline Drive-In
The Shelbyville Drive-In is open for business! Digital Projection Snack Bar NEW Skycade arcade $20 Car load nights on Sundays through September Two feature films, plus extras on special nights Special Events throughout the year[...]

View Calendar