We wanted to catch you up on two pieces of exciting news for J.C. Hart Company, Inc.! Recently we announced the loan closing on a new development in Westfield and the acquisition of a property in Fishers. J.C. Hart completed the purchase of The Flats at Switch, a joint venture between TWG Development, LLC and Loftus Robinson development company, in April. The Flats at Switch, a 102-unit apartment complex in the heart of the Nickel Plate District in downtown Fishers, is four stories of studio, 1-bedroom and 2-bedroom apartments on top of a ground level retail space which includes the leasing office, a fitness center, and a gathering room for The Switch. Citizens State Bank currently leases the retail space next to The Switch leasing offices and The City of Fishers, as part of an agreement with the original joint venture between TWG and Loftus Robinson, subleases space to Ginovus.
In August, J.C. Hart Company closed on a $28 million construction loan to begin a project in the Harmony mixed use development at 146th and Ditch in Westfield. The project – Harmony Apartment Homes – financed by Busey Bank, will include 257 units: 103 one-bedrooms; 126 two-bedrooms; and 28 three-bedrooms, with J.C. Hart’s usual amenities such as a half-court gymnasium in the clubhouse and an extensive fitness center. The Harmony development entails single-family homes, the J.C. Hart apartment community, and some retail, including a CVS that is already in operation.
Busy times for the J.C. Hart Family, and more exciting news in the pipeline still for 2018!
*here is a link to the press release