RiverHaus Ground Breaking in Covington, KY

December 14, 2017

Ceremonial turning of dirt

We had the pleasure of heading to Covington, Kentucky this week for the groundbreaking of our newest mixed-use, luxury apartment development – RiverHaus.

A $50 million mixed-use, luxury residential apartment development at the former site of Mainstrasse, RiverHaus consists of 192 luxury market rate apartment homes and 3,100 square feet of retail. Comprised of studios, one and two-bedroom apartment homes, the development will boast the finest amenities in the Northern Kentucky market.

Mayor Joseph Meyer

“This project is going to build on and add to the quality of life here on Mainstrasse,” said Covington Mayor Joseph Meyer.

Residents will enjoy nearly 7,000 square feet of amenities, including an amenity courtyard, featuring fire pits, bar, lounge areas, grilling station, and saltwater pool with a large wet deck. A sky deck will give residents views of the Covington and Cincinnati skyline. Interior features include a coffee lounge, club room, conference room, pet wash, bike storage and repair, gaming and study lounge and 24-hour fitness center featuring Fitness OnDemand®. The project includes a guest suite and concierge services.

“Everyone who lives in Covington will benefit from the impact this development will have,” said Flaherty & Collins Properties CEO David Flaherty.

Apartments will include polished quartz kitchen countertops, cultured marble vanity tops with integral sinks, tile backsplash in kitchen, stainless steel appliances, undermount faucets and sinks, LED lighting in entries, kitchens, bathrooms and closets.

“This project has been the vision of the city of Covington and we couldn’t have done it without them,” said Flaherty & Collins Properties lead project developer Deron Kintner. “We are very excited to partner with the City of Covington on this fantastic new mixed-use development, which we believe will be the destination for luxury urban living in Covington.”

RiverHaus Breaks Ground

TCF is providing the construction loan for the project. Core Real Estate Capital provided additional financial support of the development.

PACE Equity, the leading project developer and funder of CPACE (Commercial PACE) projects on a national basis, is providing approximately 10% of total development funding, at $4,400,000, for RiverHaus. The project represents an exciting milestone as the largest PACE multifamily new construction project nationally. TCF Bank is the major funding bank on the development.

“This project is the largest new construction multifamily project on a national basis to utilize PACE financing, which is very exciting,” Beau Engman, PACE Equity Founder & President. “It’s always great to see PACE utilized to transform a vacant lot into such a fantastic project for the area.”

Additional project partners include PDT/SFA Architects, Civil & Environmental Consultants, Inc., and Harrison Lynch & Brumlee. Flaherty & Collins Construction is the general contractor.

The project, at 341,925 square feet, plans to be completed in 2019.

Carving For A Cause

October 27, 2017

This week, F&C carved out a little time to hold our annual Mozel Sanders Foundation charitable event, the capstone of a campaign that we’ve been running this year since the middle of the summer to raise donations and collect goods for the Mozel Sanders Foundation’s annual Thanksgiving Day campaign.

This year, F&C and our partners at Vision Communities, Inc. presented Stephanie Sanders (head of the foundation) with a $4,000 check and over 5,000 goods for the campaign.

And of course, we celebrated the end of the drive with a little F&C flair, highlighted by a pizza party and pumpkin carving contest in our Corporate Headquarters on the 30^th floor of the Regions Tower in Downtown Indianapolis.

Each and every department participated in what we dubbed the “Great Carve Off” – with prizes awarded to:

Scariest Carve – Drew Rosenbarger
Most Creative Carve – Josh Marsh
People’s Choice – Josh Marsh

Special thanks to our judges (Lynne Petersen and Pat Gleason from the IAA and Stephanie Sanders and Stefon Sanders of Mozel Sanders Foundation).

We even found out that Luke Hoffman can hollow out a pumpkin in less than 2 minutes!

Mozel Sanders Foundation goal is to raise $100,000 in their annual Thanksgiving Day campaign. Each year, the Mozel Sanders Foundation feeds approximately 40,000 in Central Indiana on Thanksgiving – in addition to distributing bags of goods and groceries each and every month to those in need.

As Stephanie Sanders likes to say, “If everyone would feed one, everyone would be fed.”

Learn more about the foundation, donate and volunteer at mozelsanders.org.

**All photos credited, with thanks, to Derek Miller!**

2017 IAA Midwest Multifamily Conference & Prodigy Awards Recap

October 13, 2017October 27, 2017

Another year has come and gone in our world of development, construction and property management, as it seems the annual Indiana Apartment Association (IAA) Midwest Multifamily Conference serves as harbinger of a year coming to a close. Here at F&C, we look forward to the annual conference as a opportunity for a management and leasing teams to renew their vigor with educational seminars, classes and meeting new vendors and seeing those we’ve partnered with for years.

And this year was no different, as our team loved the “circus”-style atmosphere and theme of the 2017 Midwest Multifamily Conference. F&C had over 90 nominations in the Prodigy Awards and Awards of Excellence categories. We were pleased to be recognized for four distinguished awards:

Gene B. Glick Spirit of Giving Award – Flaherty & Collins Properties

Best Company Wide Employee Relations Program – Flaherty & Collins Properties

Community of the Year, 5-10 Years in Age – Cosmopolitan on the Canal

Best Community Corporate Suite Program – The Reserve at Dawson’s Creek

Additionally, we’re incredibly proud of our Awards of Excellence nominees:

Regional Supervisor of the Year	Demetria	Page	Regional Property Manager	F&C
Maintenance Technician	Guadalupe	Mejia	Maintenance Technician	Axis
Assistant Manager	David	High	Assistant Manager	Axis
Manager	Mandy	Miller	Property Manager	Millennium Place, Howard Square, Historic Muncie, Centennial Place, Jackson & Vine
Manager	Misty	Mack	Property Manager	Caldwell Homes
Maintenance Technician	Lorne	Agada	Maintenance Tech	Buckner & Kennedy Tower
Maintenance Supervisor	Jjuan	Helm	Maintenance Supervisor	White Oak Manor
Maintenance Supervisor	Talmon	Haywood	Area Maintenance Supervisor	Vision 1505
Manager	Gayle	Rice	Propery Manager	Kennedy Tower
Maintenance Technician	Tanner	Williams	Maintenance Tech	Schnute
Maintenance Supervisor	Shawn	Burkhart	Area Maintenance Supervisor	RAD Properties
Maintenance Supervisor	Christian	Roy	Maintenance Supervisor	Brownsburg Crossing Apartments
Assistant Manager	Katy	Dalton	Assistant Property Manager	Avon Creek Apartments
Manager	Africa	Cochran	Property Manager	Double Creek Flats
Leasing Professional	Skyler	Leffingwell	Leasing Consultant	Flats at 146

Way to go, everyone! And until next year’s “circus”…

Breaking New Ground: Mishawaka – The Mill at Ironworks Plaza

September 22, 2017October 27, 2017

If it feels like you’re reading one of these groundbreaking posts every week – well…you kind of are. We just finished a whirlwind 3.5 weeks at F&C, where we broke ground on three brand new projects in a very short span of time. But the planning, preparation and execution of these events is worth it when you see and hear the excitement from the city officials and local residents who are looking forward to these projects completing and become part of the fabric of their downtowns.

Yesterday, it was Mishawaka’s turn, as we broke ground with the City, the Indiana Economic Development Corporation (IEDC) and Regional Development Authority (RDA) on The Mill at Ironworks Plaza.

You can read the official press release HERE.

But really, the story is much more about the passion the folks in Mishawaka have for this project – and particularly, this site on Front Street near the St. Joseph River, the exact spot the city was founded on in 1833. Pretty incredible fact!

“Mishawaka’s growth has always been tied to this location,” said Mayor David Wood at the event. “It is the heart of this city. What a great way to kick off the start of Mishawaka’s future!”

Elaine Bedel, President of the IEDC, and John DeSalle, of RDA, both spoke passionately about the investment made in the City, and in Northern Indiana Cities. You can feel in the tone of their voices how important this project is.

Another aspect of The Mill that stood out to our team – The Maker’s Room amenity that lead developer Brian Prince spoke in-depth about. It’s a space where residents can tinker, create freely and store their tools and items they’d normally keep in the garage. This is the first project we’re incorporated this amenity and we’re excited to get residents feedback.

Additionally, the project will boast Stacked Pickle as an anchor tenant, and we were pleased to have former Indianapolis Colts linebacker and Stacked Pickle owner Gary Brackett on-hand for yesterday’s event.

If you ever want to follow our events live, check out the F&C Twitter page HERE. Welcome to the F&C family, Mishawaka and The Mill at Ironworks Plaza!

Breaking New Ground – Stonewater at the Riverwalk in Elkhart

September 13, 2017October 27, 2017

This week, F&C descended on Elkhart to break ground on Stonewater at the Riverwalk, a $32 million mixed-use development of luxury apartments and retail located in downtown Elkhart at the site of the former Elkhart Foundry. And our crew couldn’t have been happier with the excitement surrounding the project.

Stonewater at The Riverwalk will consist of 205 luxury market rate apartment homes and 6,300 square feet of retail space. Comprised of studios, one and two-bedroom apartment homes, the development will boast the finest amenities in the Elkhart market.

“We are very excited to partner with the City of Elkhart on this new mixed-use development, which we believe will be the destination for luxury urban living in Elkhart,” says Brian Prince, lead developer for Flaherty & Collins Properties.

Residents will enjoy over 6,800 square feet of amenities, including an amenity courtyard featuring fire pits, bar, lounge areas, grilling station and saltwater pool with a large wet deck. Additionally, the project includes a coffee lounge, conference room, pet wash, fireplace lounge, community demonstration kitchen, bike storage and repair, plus a gaming and study lounge. A 24-hour fitness center featuring Fitness onDemand® will be available for residents as well as concierge services.

In a release prior to the event, City of Elkhart Mayor Tim Neese talked about what a boon the project will be for the Elkhart.

“In addition to business attraction and retention, housing is an important component of the city’s economic development strategy,” said Mayor Neese. “Without adequate housing, the population of our city increases daily and declines in the evening, as employees return to their homes in adjacent communities and spend their hard-earned money dining and shopping elsewhere. The addition of 205 downtown units in Elkhart will help to capture a portion of that population, resulting in new income, property and sales tax revenue. We hope that this will be a catalyst for future development projects citywide and will welcome more people to live and invest in the city of Elkhart.”

Apartments will include cultured marble vanity tops with integral sinks, stainless steel appliances, washer and dryer, undermount faucets and sinks, as well as LED lighting in entries, kitchens and bathrooms.

Project partners include CSO Architects, American Structurepoint (Civil Engineer) and Lynch, Harrison & Brumleve, Inc. (Structural Engineer). Financing provided by First Source Bank. Flaherty & Collins Construction is the general contractor.

The project, at 237,337 square feet, plans to be completed by the Spring of 2019.