Poplar Ridge Apartments awarded $1.594M READI Grant; groundbreaking planned for July 30
Premier Property Management will hold a groundbreaking ceremony for Poplar Ridge Apartments, a new apartment community set to arrive in Huntingburg, IN.
Event Details:
- Date: Wednesday, July 30
- Time: 11:45 a.m. to 1 p.m.
- Location: 2050 N Lincoln Drive, Huntingburg, IN 47542
The public is invited to join and learn more about this newest apartment community development in Huntingburg.
For more information, contact Premier Property Management at 812-634-2420 or visit www.premierpropmanagement.com.
The project was also awarded a READi 2.0 grant through the state.
Premier Property is investing $16,041,000 to develop the new market-rate, multi-housing community that will support local industry and attract new employees. With a total of 126 high-efficiency units, the community will feature 24 one-bedroom apartments, 48 two-bedroom, 24 three-bedroom, 18 two-bedroom townhomes, and 12 three-bedroom townhomes with garages.
In addition to securing a $1,594,000 tax abatement from the City of Huntingburg, this project was awarded a $1,493,000 READI 2.0 allocation. READI funds will be used to purchase the materials and labor required for the infrastructure associated with this project.
“We couldn’t be more excited to start this project,” said Ruger Kerstiens, President of Premier Property Management Kerstiens Realty LLC. “It will build upon our mission to provide quality housing at attainable prices. Poplar Ridge Apartments will be a tremendous asset to the community and our local industry partners. Not only will Poplar Ridge Apartments attract new residents to our area, it will also help retain existing residents.”
