Annex Begins Construction on $32 Million Student Housing Project in Downtown Indianapolis

by Scott Reid

Indianapolis — Annex Student Living will soon break ground on a six-story, 558-bed apartment development in downtown Indianapolis close to the campus of Indiana University Purdue University at Indianapolis (IUPUI). 

The $32 million project, called The Annex on Tenth, recently received final approval from the Indianapolis Metropolitan Development Commission.

Indianapolis-based Annex will begin readying the land for development this year and construction will start next spring. Phase I of the project will include 116 units (258 beds) with completion slated for early summer 2017. Phase II will add 110 units (300 beds) and is set to be completed by summer of 2018.

The Annex on Tenth will offer a mix of studio apartments, as well as two- and four-bedroom units and townhomes, priced from $500 to $950 per bed, per month. Students will have individual leases, so each resident will be responsible for only their share of the rent.

Annex has selected CSO Architects, American Structurepoint, Rowland Design, CONTEXT Landscape Architecture and Horizon Bank as partners on the project.  

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