Indianapolis government leaders on Wednesday celebrated the opening of Rise on Meridian in the city’s Old Southside neighborhood.
The mixed-use development on South Meridian Street just north of the I-70 overpass came with a $58 million price tag.
Leaders say the project a couple of blocks from Lucas Oil Stadium will add to downtown’s housing supply with 269 units, 14 which are reserved for families making below 30% of the average area income.
City-County Council Member Kristin Jones, a Democrat, said, “This grand opening of the Rise on Meridian is more than just a ribbon-cutting. It represents a commitment to our city’s future, a future where every resident regardless of income has access to quality housing in a thriving, connected community.”
Another $8 million in stormwater, street, and traffic safety improvements were expected to come to the area by November.
This story was produced by WISH-TV reporter Gregg Montgomery.
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