Production Approval for Development in Greenwood, Ind.

The city of Greenwood approved Buckingham's proposal for a multifamily and single-family development last month. Gabrielle Rubenstein, Land Acquisitions Manager, identified an off-market site in the southern suburb of Indianapolis, an area Buckingham has previously managed multi-family assets as an owner-operator and as a third-party management company.

“We are excited for the opportunity to build in Greenwood as it has had had great job growth over the years and has become a premier suburb for people to live, work, and play. The city has done a great job developing amenities in the downtown area such as the Greenwood Fieldhouse, Freedom Park, and the Greenwood Amphitheater that are in close proximity to our development.” – Gabrielle

The development is proposed on the east side of I-65, approximately consisting of 30 acres northwest of Main Street and Five Points Road. The 17-building complex would consist of 578 units and will be constructed in two phases.

Quoted in Greenwood’s newspaper, The Daily Journal, James Daniel Robinson, the current owner of the property, pushed for the city council to approve Buckingham’s proposal. “The quality of the proposal we have received from Buckingham Companies and their history of thoughtful, high-quality, well-designed properties is to us a natural extension of the development occurring east of Greenwood and of the quality befitting the surrounding properties.”