TWG Announces New Affordable Multifamily Community Coming to West Baden Springs West Baden Lofts construction to begin next month.
WEST BADEN SPRINGS, Ind. – TWG (www.twgdev.com), a national real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of West Baden Lofts, a $9 million affordable multifamily project coming to West Baden Springs, located in Indiana’s French Link Township.
Located at 942 Main St., West Baden Lofts will be a 44-unit development featuring two- and three-bedroom layouts. West Baden Lofts is set to be a fully affordable community with units reserved for households making 30-60% of the area median income (AMI). This project marks TWG's first development in West Baden Springs and Orange County.
“There is a need for more housing options at all price points in the Indiana Uplands region, and TWG is thrilled to have the opportunity to provide a new affordable housing community to the West Baden Springs and Orange County community,” said TWG Development Director Marisa Conatser. “We hope that West Baden Lofts helps to fill in the gap of affordable housing in the area and that it inspires more critical affordable communities to be built here in the future.”
Amenities include a free bikeshare program, free WIFI in common areas and individual units, a meditation area, fitness center, community room with games, an indoor play area for children, community garden beds, a playground, in-unit laundry, and walk-in closets. The community is in close proximity to downtown West Baden Springs.
West Baden Lofts was made possible with the support from key partners including the Indiana Housing and Community Development Authority (IHCDA), Innovative Veteran Affairs Real Estate (IVARE), Merchants Capital, Cedar Rapids Bank and Trust (CRBT), and the Town of West Baden Springs. Construction of West Baden Lofts is expected to begin in June 2023, and the community is expected to be completed in late 2024.
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.
Media Contact: Ali Westergren, firstname.lastname@example.org, 317-508-7446