New living options available this spring, summer in downtown Indianapolis

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One of the newest concepts for downtown living is a home that looks over home plate.

“You get to live in an old stadium,” said Maggie Mallory, leasing manager for the new Stadium Lofts in the old Bush Stadium.

“This was originally an open air stadium, so we wanted to create something that was a cross between suites and open glass,” said John Watson, the developer of the new apartments as he described one of the two bedroom units that overlooks the infield.

The original scoreboard will be restored and the original stadium lights will stay, too.

While the refurbishing of the old stadium is a unique concept, downtown Indianapolis has seen a surge in new residential options.

“With 3,000 new units coming online in 2012 through 2013, we’re seeing a lot of college students wanting to live downtown but also a lot of young professionals wanting to live downtown because of job opportunities,” said Sherry Seiwert, president of Indianapolis Downtown Inc.

There are currently 30 living options to rent or own with new developments in all four quadrants of downtown.

“I call it the proximity principal, that everything is really in a tight close proximity so you can walk to almost anything,” said Seiwert.

She said there has also been an uptick in the cost of rent downtown during the last year, even with more options available, demonstrating the increased demand for downtown apartments.

The concept of mixed use housing is also taking off, explained Seiwert. The recently announced Artistry will be in the former Bank One Center will feature apartments, a theatre, an art gallery and commercial space.

The second phase of the City Way project is slated to open late this spring with 150 more apartment units.

Interested renters can begin visiting the Stadium Lofts leasing office at 1501 West 16th Street on March 11, with move-in dates starting in August.

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