INDIANAPOLIS – A potential development in Broad Ripple could bring nearly 70 new apartments and a high school to the area.
Developer Keystone Group is proposing to build a 33,000 square-foot school at the former Chase Bank lot at 6320 College Avenue. The school is planned for floors 1-3, with 69 apartment units on floors 4 and 5.
“The goal is to provide a great location for Purdue, density to the neighborhood, and opportunities to increase usage of the Red Line by residents, students and staff,” said Jennifer Pavlik, vice president and chief of staff for Keystone Group.
The group is hoping to open in July 2022 to be ready for the 2022-23 school year.
The apartments would range from studios to three-bedroom units with rents comparable to other nearby properties in the market, Pavlik said. The apartments will also feature an outdoor rooftop deck on the fourth floor for residents.
Broad Ripple Village Association Interim Executive Director Kent Springer said the group welcomed opening of Purdue Polytechnic High School in the neighborhood.
“They are already outgrowing their building at 1405 Broad Ripple Avenue, and this new building will provide a new home for them, retaining a high school in Broad Ripple,” he said.
Pavlik said no parking will be eliminated for the construction, and 17 surface spaces will be added.