Flaherty & Collins Properties and Myszak + Palmer officially opened Clark’s Crossing, a senior living center in Vincennes, Indiana, and Downtown Terrace, in Petersburg, Ind. this week.
Clark’s Crossing, which features 47 unique affordable apartment homes, is an adaptive reuse of two historic buildings. A collaborative effort between Myszak + Palmer, Flaherty & Collins Properties, Vincennes Community School Corporation (VCSC), The Vincennes Education Foundation and Vision Communities, the project involved the reuse of the old Clark Middle School and Adams Coliseum. Kuhl & Grant, LLP provided legal services and McKinley Development, LLC provided consulting services on the project.
The development used the sale of historic tax credits and rental housing tax credits to turn the two buildings into a senior living facility in the heart of downtown Vincennes. Additional funding was provided by HOME and Development Fund Loans. Flaherty & Collins Properties will manage the property.
Downtown Terrace, an affordable senior housing community in Petersburg, Indiana. The grand opening ceremony will take place on Wednesday, March 18 at 10:30am at the site, located at 611 Main Street in Petersburg.
Downtown Terrace, which features 42 affordable senior apartment homes, is a collaborative effort between the City of Petersburg, Pike County Progress Partners, Jim Higgs Associates, Myszak + Palmer, and Flaherty & Collins Properties. Pike County Progress Partners, Inc. is the sponsoring not-for-profit agency for this community development initiative. Flaherty & Collins Properties will manage the property.
Good Samaritan Hospital will be the anchor tenant for the newly constructed building, which includes approximately 10,500 square feet of retail and office space. They will run an urgent care facility on the main floor, providing mental health service and a physician’s clinic.
Downtown Terrace maximizes location, with many Petersburg amenities, such as restaurants, parks, grocery stores, shopping, entertainment, banks, churches and medical facilities, all located within close proximity to the project. An outdoor green space and attractive landscaping transform the entire block, and on-site parking is available.