Join us in January to hear from Joe Whitsett, CEO of TWG Development, a full-service real estate development company based in Indianapolis that specializes in the adaptive reuse of vacant buildings as affordable housing for families and seniors. Joe will speak about the Company’s redevelopment of the Ford Motor Co.’s vacated East Washington Street assembly plant. The four-story, 200,000-square-foot structure calls for 133 one, two and three bedroom apartment units. Sixty of the units, will be priced at affordable rates—a piece of the project the city deems critical for the area. TWG will occupy about 32,000 square feet of office space on the first floor of the Ford factory, leaving room for 6,000 square feet of retail.
TWG has secured a $4.65 million loan in the form of a federal Community Development Block Grant and tax increment financing worth $3.8 million in developer-backed bonds from the city. It's also has secured federal and state historic and industrial revitalization tax credits for redevelopment of the vacant building now owned by Indianapolis Public Schools.