TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of Grand Park Village, a new $57 million, market rate apartment community coming to Westfield, Indiana.
The new multifamily project will encompass multiple buildings directly south of Grand Park, Westfield’s 400-acre youth and adult recreational sports complex. Located in Westfield, the fastest-growing community in Indiana, Grand Park Village is surrounded by a lake and the Monon Trail, a popular 27-mile trail connecting areas of Central Indiana.
This 240-unit apartment community gives residents suburban living close to many amenities, and it is conveniently located for quick commuting. The community sits in the middle of a larger development, complete with hotels and future retail space. Amenities of Grand Park Village include a dog park, fitness center, clubhouse, pool, grilling stations, a bike hub along the Monon Trail, and a boardwalk along the lake to the north.
“This project provides suburban living at its best with top-notch amenities and community access,” said Chase Smith, Vice President of Market Rate Development at TWG. “We are excited to bring Grand Park Village to the growing city of Westfield.”
Grand Park Village is made possible with the support of Centier Bank. Construction started in July 2022, and the first units will become available for rent in Summer 2024.
“Centier Bank knows the importance of high-quality housing, and Westfield is no exception,” said Brian Ternet, Vice President and Senior Lending Officer at Centier Bank. “Through this partnership with TWG, Centier Bank is thrilled to support the economic growth of communities across Indiana. With the thoughtful design and engineering of the project, Grand Park Village will enhance the already attractive and thriving area.”
This announcement comes on the heels of TWG’s Chatham Hills community project, a $41 million apartment complex located nearby on the northeast side of Grand Park, coming in 2023.