An exciting day for our Flaherty & Collins Properties team yesterday, as we opened two new affordable developments in Southern Indiana.

We covered the first, Downtown Terrace, last week. Today, we take a look at the actual festivities in Vincennes, Ind. for the truly grand opening of Clark’s Crossing, a senior living center that features 47 unique affordable apartment homes. It is an adaptive reuse of two historic buildings.

 

A collaborative effort between Myszak + Palmer, Flaherty & Collins Properties, Vincennes Community School Corporation (VCSC), The Vincennes Education Foundation and Vision Communities, the project involved the reuse of the old Clark Middle School and Adams Coliseum. Kuhl & Grant, LLP provided legal services and McKinley Development, LLC provided consulting services on the project.

The development used the sale of historic tax credits and rental housing tax credits to turn the two buildings into a senior living facility in the heart of downtown Vincennes. Additional funding was provided by HOME and Development Fund Loans.  Flaherty & Collins Properties will manage the property.

“We’re excited to officially open Clark’s Crossing,” said Duane Miller, Vice President of Community & Asset Management for Flaherty & Collins Properties. “There is a lot of excitement in the community over this project and we are ready to share the results of all the efforts to see the best senior living facility in Vincennes come to fruition.”

“Everybody wants to come and take a look,” added Andy Myszak, of Myszak + Palmer. “We have had a few groups through the buildings already, but until now, not a lot of people have seen the final product.”

First residents were welcomed in late February. Spacious one and two-bedroom apartment homes offer a fully equipped kitchen with energy efficient appliances, hardwood flooring, over-sized closets, and washer and dryer. Energy Star HVAC and windows will assist in reducing ongoing monthly utility bills. The unit mix includes 35 one bedroom units, 10 two-bedroom units and two efficiency units. Five units have been set-aside for special needs households.

Residents of Clark’s Crossing will also enjoy a business center, clubhouse, emergency maintenance, high-speed internet access and controlled building access. Additionally, residents will have easy access to all of the services and amenities of downtown Vincennes, most notably services and events offered in the Community Service Center, which is directly adjacent to the property in Adams Coliseum.

Part of the project included the restoration of Adams Coliseum (shown above in a 1920s rendering), which hosted its first basketball game at the end of February. New, brighter lighting, painted bleachers and new windows now adorn the historic gym. Adams Coliseum will be run by The Vincennes Education Foundation, and will include programming that will encourage resident and community interaction.

As a tribute to that interaction, our very own Development Team, led by F&C team member Daniel Murphy, played to the crowd – literally – yesterday. Daniel is an accomplished pianist, and showed off his immense skills in tickling the ivories at the event.