INDIANAPOLIS (WISH) — Five abandoned buildings on the near-north side of Indianapolis will soon become the sites of a medical facility and a mixed-use retail and residential space.

This redevelopment is happening in the 1800 block of North Meridian Street on the city’s near-north side.

This investment will total $65 million from TWG, an Indianapolis-based real estate company; its sister company, Innovcare, a health care real estate company; and the city government. City leaders provided funding for the apartments through a tax-increment finance bond, which redirects property taxes to support only the new development in the area.

Buildings at 1815, 1819, 1927, 1829 and 1835 N. Meridian St. will be demolished and replaced with a six-story apartment building. The first floor will be used as retail space.

Chase Smith, the vice president of market rate development at TWG, said, “Everything above that will be units. There will be an elevated courtyard, a pool and some grilling stations on top of that parking garage.”

Smith say one store could be in the building, but it’s not enough room for a grocery store. It’s just “1,500 square feet. That’s more like a coffee shop or a small business type. It’s a little bit of a different product type in this project.”

The building at 1840 N. Meridian St. is already being rehabilitated to become the new home of health care provider Adult & Child Health. The real estate company Colliers facilitated renting that building to the health care provider so it can add mental and physical health services to the area.

INDIANAPOLIS (Feb. 24, 2023) – TWG (www.twgdev.com), a national real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces that the company is partnering with Trey Galloway, a college basketball player for the Indiana University (IU) Hoosiers of the Big Ten Conference.

Galloway and the Indianapolis-headquartered TWG originally began working together through Hoosiers Connect, an Indiana nonprofit dedicated to partnering commercial businesses with a variety of IU student athletes who are able to use their influence, leadership and platform to amplify important work in the community and drive brand awareness.

Throughout his work with TWG, Galloway will make three in-person appearances with the business, along with several social media posts alongside TWG team members, highlighting opportunities for the company’s main services in development, construction and management. Partnering with Galloway will help TWG reach IU's best and brightest, as the business works to build out its teams across the nation, focusing on its dedicated mission of building high-quality housing communities for all Americans.

“I’m really looking forward to plugging into the TWG team this year and learning more about what a profession in real estate development, construction and management could look like,” Galloway said. “My values and TWG’s closely align, so it was an easy choice to work together. Gaining more experience and knowledge in this industry will be an exciting next step for me in my professional career.”

A 2020 graduate of Culver Academies, Galloway quickly rose as a star player for the high school, setting a school scoring record with 1,537 career points and named an All-State and an Indiana All-Star. In his freshman year at IU, Galloway played in 25 games and started in seven, leading against all freshmen with 492 minutes played. Despite an injury during his 2021-22 season, Galloway played in 20 games and averaged 5.5 points with 36 assists and 18 steals. Now a part of the team’s starting lineup, the IndyStar recently described Galloway as having “his best season yet.” Galloway was also named an Academic All-Big Ten.

“We want to welcome Trey to TWG! As a fellow Hoosier myself, we knew Trey would be the perfect fit to work alongside our team for the next year, given his interests and values,” said TWG CEO and Co-Founder Tony Knoble. “We hope Trey’s connection to our business not only garners more brand awareness for TWG but encourages current students to consider the wide variety of careers in our field post-graduation.”

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

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About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Media Contact: Ali Westergren, ali@dittoepr.com, 317-508-7446