GREENSBURG, IN – Thrive Alliance and Flaherty & Collins Properties announced today that a Grand Opening ceremony of Historic Greensburg Square will be held Wednesday, August 12, at 4:30 pm local time. The event will be held at 225 North Broadway, Greensburg, IN 47240.
Historic Greensburg Square, which broke ground in April of 2014, is an adaptive reuse of four vacant historic buildings, in close proximity, for uses that benefit the community of Greensburg by increasing downtown housing opportunities. The redevelopment enhances and celebrates the historic character and charm of downtown Greensburg. Historic Greensburg Square residents will enjoy immediate access to many local downtown amenities.
The project has been a collaborative effort between Isaac Larrison, Thrive Alliance, Flaherty & Collins Properties and the City of Greensburg. Thrive Alliance developed the project, and Flaherty & Collins Properties served as partner, guarantor, general contractor and property manager. Studio Three serves as the architect & engineer, and McKinley Development as finance consultant.
“We are thrilled to officially open Historic Greensburg Square. This has been an exciting project – from a community standpoint being able to provide downtown housing coupled with services, but also from a historic preservation standpoint.” said Duane Miller, Vice President of Community for Flaherty & Collins Properties. “There is a lot of excitement in the community over this project and we are ready to share the results of all the efforts.”
“This was a very challenging project to complete, especially the Seitz Hotel and adjacent building which were heavily damaged in the 2011 tornado that hit Decatur County,” said Mark Lindenlaub, Executive Director of Thrive Alliance. “Renovating four vacant historic buildings – including the YMCA – has already brought a lot of positive energy to the courthouse square area. We’ve felt fortunate to be part of this exciting addition to the Greensburg downtown.”
Apartment units are designed to hit National Green Building Standard Gold level. Energy use is expected to be 20 percent less than conventional construction.
Historic Greensburg Square is funded by Alliant Capital, Indiana Housing & Community Development Authority, The Federal Home Loan Bank of Indianapolis, City EDIT Funds, Alma Taylor Foundation, and deferred development fees. First Merchants Bank and MainSource Bank supported the project by providing funds for the construction bridge loan for the development.
For more information on the groundbreaking, contact Duane Miller at 317-816-9300. For more information on Historic Greensburg Square, visit www.historicgreensburg.com.