Indianapolis — The Annex Group has announced plans to break ground on $445 million worth of new development projects in Montana, Washington, Iowa, Kansas, Michigan, Indiana, Oregon, North Carolina, Kentucky and Nebraska. Together, the projects will include 406 workforce housing units, 1,747 affordable housing units and 289 student housing units offering 607 beds.
“The past year has not been without challenges for the housing industry and we were not exempt from obstacles,” says Kyle Bach, CEO and president of the Indianapolis-based company “But despite these challenges, we’ve been able to grow at a rapid pace, continuing our foothold in student housing while also expanding our expertise in affordable and workforce housing — two areas where we see incredible need.”
To accommodate its growth, The Annex Group is also hiring at least five employees in early 2021 and recently promoted four existing team members. Further details on the projects were not announced.