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!

Latest Classifieds

  • There are currently no Ads to show.
Michael Haehl Real Estate Agent

Upcoming Events

Nov
1
Sat
all-day 4-H Enrollment @ Purdue Extension - Shelby County
4-H Enrollment @ Purdue Extension - Shelby County
Nov 1 – Jan 15 all-day
4-H Enrollment @ Purdue Extension - Shelby County | Shelbyville | Indiana | United States
New 4-H enrollment period is November 1st through January 15th.  Those enrolling after January 15th will not be eligible to enter projects at the fair.  Enrollment is $20 for regular 4-H members and $5 for[...]
Jan
7
Wed
9:00 am MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
Jan 7 @ 9:00 am – 11:00 am
MOPS - Mothers of Pre-Schoolers @ Shelbyville Community Church | Shelbyville | Indiana | United States
Mothers of Pre-Schoolers (Infants-6years) Meets at Shelbyville Community Church 9:00am-11:00am 1st and 3rd Wednesdays September thru May* Childcare is provided We would love to have you join us and enjoy our adventures in motherhood together!![...]
5:00 pm Active Transportation Meeting @ Shelby County Public Library Annex, Room A
Active Transportation Meeting @ Shelby County Public Library Annex, Room A
Jan 7 @ 5:00 pm – 6:00 pm
Active Transportation Meeting @  Shelby County Public Library Annex, Room A | Shelbyville | Indiana | United States
Community Group focusing on improving accessibility of the community by all forms of transportation. The most immediate focus is the upcoming Blue River Trail as well as a trail spanning from Rushville to Columbus. Be[...]
Jan
8
Thu
12:00 pm Community Networking Luncheon @ MHP ADMINISTRATION BUILDING
Community Networking Luncheon @ MHP ADMINISTRATION BUILDING
Jan 8 @ 12:00 pm – 1:00 pm
Community Networking Luncheon @ MHP ADMINISTRATION BUILDING | Shelbyville | Indiana | United States
The Community Networking Group is a monthly meeting of local Community Support Organizations. A relevant educational/informational topic is presented. All attending organizations get an opportunity to introduce themselves and talk about needs, challenges, and upcoming[...]
2:00 pm Alzheimer’s Caregiver Presented ... @ The Horizon Center
Alzheimer’s Caregiver Presented ... @ The Horizon Center
Jan 8 @ 2:00 pm
Alzheimer’s Caregiver Presented by: Support Group @ The Horizon Center | Shelbyville | Indiana | United States
The Alzheimer’s Association offers support groups for caregivers of persons with Alzheimer’s disease or related dementias. Participants in support groups receive emotional support, practical assistance in coping with the issues they face, and the latest[...]
Jan
13
Tue
11:30 am Hometown Networking – Shelbyville @ Shelby County Public Library - Carnegie East Wing Conference Room
Hometown Networking – Shelbyville @ Shelby County Public Library - Carnegie East Wing Conference Room
Jan 13 @ 11:30 am – 1:00 pm
Hometown Networking - Shelbyville @ Shelby County Public Library - Carnegie East Wing Conference Room | Shelbyville | Indiana | United States
The Hometown Networking groups are business networking groups focused on helping you make the connections you need to make more money. There are no dues, requirements, or restrictions for attending. Each meeting is FREE to attend and includes food[...]
Jan
17
Sat
12:00 pm Free Rootbeer Floats @ Grover Museum - Streets of Old Shelbyville
Free Rootbeer Floats @ Grover Museum - Streets of Old Shelbyville
Jan 17 @ 12:00 pm – 3:00 pm
Free Rootbeer Floats @ Grover Museum - Streets of Old Shelbyville | Shelbyville | Indiana | United States
Free Rootbeer floats in the Emporium in the Streets of Old Shelbyville.
Jan
21
Wed
9:00 am MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
Jan 21 @ 9:00 am – 11:00 am
MOPS - Mothers of Pre-Schoolers @ Shelbyville Community Church | Shelbyville | Indiana | United States
Mothers of Pre-Schoolers (Infants-6years) Meets at Shelbyville Community Church 9:00am-11:00am 1st and 3rd Wednesdays September thru May* Childcare is provided We would love to have you join us and enjoy our adventures in motherhood together!![...]
Jan
30
Fri
5:30 pm Critical Mass Bicycle Ride @ Downtown Shelbyville
Critical Mass Bicycle Ride @ Downtown Shelbyville
Jan 30 @ 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[...]
Feb
4
Wed
9:00 am MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
MOPS – Mothers of Pre-Schoolers @ Shelbyville Community Church
Feb 4 @ 9:00 am – 11:00 am
MOPS - Mothers of Pre-Schoolers @ Shelbyville Community Church | Shelbyville | Indiana | United States
Mothers of Pre-Schoolers (Infants-6years) Meets at Shelbyville Community Church 9:00am-11:00am 1st and 3rd Wednesdays September thru May* Childcare is provided We would love to have you join us and enjoy our adventures in motherhood together!![...]

View Calendar