Downtown living at all time high, property tour this weekend

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INDIANAPOLIS, Ind. (Sept. 12, 2014)-- Right now is the most popular time ever to live downtown Indianapolis.

In partnership with Indianapolis Monthly, Downtown Indy is hosting a Downtown Living Tour Friday, September 12 and Saturday, September 13 so potential residents can tour living units.

Jake Wakefield and her husband Bob are empty-nesters. The Wakefields are debating getting rid of their family home in Pike Township to move downtown. The Wakefields joined Friday night's tour.

"We really want to get rid of the big house. I want to be someplace we can walk out and go places instead of jumping in the car all the time," said Wakefield.

"It's a density of energy and epicenter of awesome," said Bob Schultz with Downtown Indy.

The Downtown Living Tour showcases six properties, apartments and condominiums.

"This tour is to see the type of product with all the price ranges. 700-dollars a month all the way up to thousands of dollars a month. We will hit condos. 120-a year, up to a million," said Bob Schultz.

Schultz tells FOX59 the two biggest groups moving downtown are urban professionals and empty-nesters.

Nearly 25 percent of people moving downtown are from just outside of Marion County.

A staggering 38 percent of people moving downtown Indianapolis are relocating from outside the state.

Currently, developers are building another 3,500 living units to be ready in the next three years to keep up with demand.

"A lot of these apartments are being built right now are being built to be converted into condos, because the condo demand is going to come right behind this rental unit demand," explained Schultz.

Schutlz says the only group not quite committed to living downtown at this point is families.

"What about amenities like a dog park? And, what about a swing set in downtown? Family living is a little more of an urban experience than in the suburbs. We are trying to address that as an organization," said Schultz.

Schultz explained Downtown Indy is working with Indianapolis Public Schools, the City Parks Department and developers to come up with plans to entice families to make the move downtown.

Janet Wakefield says she and her husband will likely rent in the next year.

"We would be good going back to how we lived before. It's like the circle of life! Ha yeah, it is!," said Janet Wakefield.

All the proceeds from the Downtown Living Tour will benefit the Indianapolis Public Schools Foundation.

Saturday's tour is from 11 a.m. until 4 p.m. Shuttles leave from the Scottish Rite Cathedral.

Tickets are ten dollars in advance and fifteen at the door.

Click here for more information about downtown living.