INDIANAPOLIS — For more than a decade, the former site of Central State Hospital looked very uncertain. Now, the Haughville neighborhood is seeing a brand-new development project coming to the west side of Indianapolis — and new is housing is expected to be just the beginning.
Those driving past the former Central State Hospital campus will notice new beginnings.
"It seems like new development is coming alive," Indianapolis Mayor Joe Hogsett said.
Fresh dirt, a construction site and groundbreaking Thursday are signs of a new community coming to the historic Haughville campus.
"Indy needs more housing, especially housing that is attainable because it is affordable," Hogsett said.
The Plaza at Central Greens will provide that affordable housing for families. The $36 million investment will include 122 units priced below-market, as well as community service space.
T&H Investments is spearheading this project.
"12,000 people are positively impacted by one project. So, we decided our 10-year goal at T&H is going to be 100 communities, 1 million people impacted," said Jana Hageman of T&H Investments.
Construction is expected to be complete in late 2024, with families moving in the following spring.
"To all of our partners today who brought this vision into being, if I may be so bold to speak on behalf of an entire city, I give you this city's deepest thanks," Hogsett said.
Representatives with T&H Investments said Mayor Hogsett provided the company with $3 million in American Rescue Plan funds, and also said they have a payment in lieu of a taxes agreement with the developer.
Hogsett believes in the next 20 years, the city would save the project an expected $4.5 million in property tax dollars.