GREENWOOD, Ind. – During a special meeting by the Greenwood Redevelopment Commission (RDC) on Thursday, members voted to approve a project agreement between the city, CRG Residential, and Great Lakes Capital. Bonds to fund the project will now go before the Greenwood Common Council for approval.
“This is an important milestone in our effort to revitalize Old Town and ensure its future as a thriving core that is walkable and connected to trails, parks, and dynamic public gathering spaces,” said Greenwood Mayor Mark Myers. “We’re creating diverse, authentic amenities, seamless integration of green space, and opportunities to live, work, and play downtown.”
The Greenwood project has a 2.5-year construction timeline with an investment estimate of $83 million. It will add seven total structures, consisting of at least 40 condos, 15 townhomes, nearly 300 market-rate apartments, and more than 18,000 square feet of commercial space. The plan also includes a city-owned parking garage, street improvements, and site improvements.
