Luxury apartments, commercial real estate next phase for Purdue Discovery Park District development
May 1, 2019
Browning and JC Hart officials announce mixed-use development to include about 250 apartments and 15,000 square feet of commercial space.
Officials of Browning Investments, LLC and J.C. Hart Company Inc. announced today a joint venture to develop about 250 luxury apartments and 15,000 square feet of street-level commercial space in Discovery Park District, a 400-acre $1 billion-plus development that will transform the west side of the Purdue University campus.
The three-acre apartment and commercial development aligns with the long-term plan for Discovery Park District to grow into a thriving, walkable, urban setting where innovators, entrepreneurs, students, researchers and thought leaders can create, congregate, collaborate, and commercialize.
“This new development fits perfectly with the master plan vision to bring mixed-use development and a wider range of housing types to the west edge of campus,” said Adam Chavers, Browning’s chief development officer.
The new development will be located in the district’s core along the south edge of State Street in West Lafayette, Indiana.
“The new luxury housing and commercial space joins the three other projects currently under development in Discovery Park District and will contribute to our master plan of providing a strong community for residents, students and visitors to the West Lafayette area,” said Rich Michal, vice president and chief facilities officer for Purdue Research Foundation, partnering on the district master planning and development with Browning.
Other projects already under development in Discovery Park District are:
- Aspire, a three-building, 831-bed apartment community designed for students is slated to open in early August.
- Convergence, a 145,000-square-foot, five-story mixed-use building that will connect Purdue University research, industry and investors and support collaborative research, licensing and startup creation is slated to open in early 2020.
- SEL Purdue, a 100,000-square-foot facility for electric power research that will support up to 300 new high-tech jobs is slated to open in 2020.
“By bringing much-needed 1- and 2-bedroom luxury apartments to Discovery Park District, we see this not just as a great opportunity in a great location, but also as a chance to be part of something truly beneficial to Purdue and the entire Lafayette community,” said Todd May, vice president of development at JC Hart. “This development is setting a high standard for innovation districts, and we’re excited to be a part of it.”
Groundbreaking for the project is expected to take place this year, and it is expected to accept its first residents in 2021. JC Hart will manage the building.
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