Senior Housing

Lt. Gov Visits Romweber Flats

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Lt. Governor of Indiana, Eric Holcomb, visited Romweber Flats yesterday, and our team could not have been more excited – or proud – to show off the property.

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Romweber Flats was awarded the Lt. Governor’s Award for Excellence in Affordable Housing and Community Development- Rural category in 2014. The award recognized a rural affordable housing project that creatively and cooperatively improves the lives of their residents and the community.

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Romweber Flats is centrally located in downtown Batesville, Indiana and offers senior living in a convenient life style with modern amenities. Within walking distance of churches, restaurants, city parks and the farmers market, Romweber Flats is a great choice in a friendly environment. After undergoing an $8,000,000 renovation Romweber Flats is an energy efficient building that has attained a gold leed status. Romweber Flats consists of 84 apartments, with one and two bedroom options. Thoughtfully designed, these apartments offer many unique design features for seniors, helping them maintain their independence. Eight apartments have been specifically designed with residents that are physically handicapped. Washers and dryers are provided in each apartment. A central elevator provides easy access to each floor and basement that has secure resident storage at no additional cost. Romweber Flats is protected by a sprinkler system and has a central security, limiting access to residents and their guests. Residents can relax and socialize in many common areas including a movie room, an atrium room with 50’ foot ceiling, and The Big Four Café, which will be located on the first floor and will provide daily meals and will offer a wide variety of classes.

Historic Greensburg Opens

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Thrive Alliance and Flaherty & Collins Properties officially opened Historic Greensburg Square today, completing the final piece of a 15-month rehab of downtown Greensburg. Residents, city officials, planners and investors in the project joined representatives of the Greensburg-Decatur County Chamber of Commerce on the steps of the former Decatur County YMCA to formally cut the ribbon on the Historic Greensburg Square adaptive reuse project during a grand opening ceremony Wednesday afternoon.

Historic Greensburg Square, which broke ground in April of 2014, is an adaptive reuse of four vacant historic buildings, in close proximity, for uses that benefit the community of Greensburg by increasing downtown housing opportunities. The redevelopment enhances and celebrates the historic character and charm of downtown Greensburg. Historic Greensburg Square residents will enjoy immediate access to many local downtown amenities.

The project has been a collaborative effort between Isaac Larrison, Thrive Alliance, Flaherty & Collins Properties and the City of Greensburg. Thrive Alliance developed the project, and Flaherty & Collins Properties served as partner, guarantor, general contractor and property manager. Studio Three serves as the architect & engineer, and McKinley Development as finance consultant.

“We are thrilled to officially open Historic Greensburg Square. This has been an exciting project – from a community standpoint being able to provide downtown housing coupled with services, but also from a historic preservation standpoint.” said Duane Miller, Vice President of Community 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.”

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“This was a very challenging project to complete, especially the Seitz Hotel and adjacent building which were heavily damaged in the 2011 tornado that hit Decatur County,” said Mark Lindenlaub, Executive Director of Thrive Alliance. “Renovating four vacant historic buildings – including the YMCA – has already brought a lot of positive energy to the courthouse square area. We’ve felt fortunate to be part of this exciting addition to the Greensburg downtown.”

Greensburg Mayor Gary Herbert noted how important the YMCA was in his youth and said he was glad the city was able to work with Thrive Alliance, Indianapolis-based development/property management firm Flaherty & Collins Properties, and the numerous banks and other corporate and nonprofit entities involved in bringing the project to fruition.

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Apartment units are designed to hit National Green Building Standard Gold level. Energy use is expected to be 20 percent less than conventional construction.

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Historic Greensburg Square is funded by Alliant Capital, Indiana Housing & Community Development Authority, The Federal Home Loan Bank of Indianapolis, City EDIT Funds, Alma Taylor Foundation, and deferred development fees. First Merchants Bank and MainSource Bank supported the project by providing funds for the construction bridge loan for the development.

For more information on Historic Greensburg Square, visit www.historicgreensburg.com.