LAPORTE, IN – Flaherty & Collins Properties has been selected by the City of La Porte Redevelopment Commission to build a 200-unit multifamily development in the heart of the City’s NewPorte Landing redevelopment project.
“We are excited to work with the City of La Porte on this exciting project in NewPorte Landing,” said Julie Collier, Vice President of Development and lead project developer for Flaherty & Collins Properties. “We believe the location will be fantastic for future residents and the project assists the City in realizing its vision for NewPorte Landing.”
Flaherty & Collins Properties plans to build two buildings totaling approximately 167,000 square feet and creating 200 new living spaces. The development will occur along the shores of Clear Lake and will provide many unique amenities such as a resort-style pool with wet deck, outdoor courtyard featuring a fire pit and grilling station, a pet wash and bark park, fitness center with Fitness OnDemand technology, and bike storage and repair. Apartments will feature granite countertops, tile backsplashes in kitchen area, and stainless-steel appliances. This development represents a capital investment of more than $30,000,000. The La Porte Redevelopment Commission is supporting the project with Tax Increment Financing.
“I couldn’t be happier we have selected F&C for this project,” said Mayor Mark Krentz. “The City has been focused on the continued development of NewPorte Landing and landing a residential developer as nationally recognized as Flaherty & Collins Properties is a homerun!”
Construction is set to begin next summer with an opening set for late 2020. “The timetable for this project fits very well with the work the Redevelopment Commission has been doing in NewPorte Landing. With the opening of the Dunes Event Center, Dunkin Donuts and Starbucks we have really gained some ground and are excited to see the continued growth of NewPorte Landing,” said Redevelopment Commission President Don Berchem.