Indianapolis, Indiana – Exciting changes are on the horizon for Broad Ripple as plans for the Versa development, a significant investment of over $70 million, have been announced.
The development will occupy the former site of the Kroger Marketplace, which was situated adjacent to Broad Ripple’s bustling main strip at 6220 Guilford Ave.
Versa aims to deliver a modern living experience, featuring 233 thoughtfully designed studio apartments along with an array of desirable amenities. Residents can look forward to a well-equipped fitness center, a pet park to cater to their furry companions, and convenient access to IndyGo bus routes, facilitating seamless transportation within the city.
During the groundbreaking ceremony, Democrat Mayor Joe Hogsett expressed his enthusiasm for the project, stating, “The vision of having apartment units and various forms of housing along the Red Line has always been part of our plans. Not only for the Red Line, but also for the future Purple Line and Blue Line, we strive to foster development along all these corridors to provide more affordable housing options for the residents of Indianapolis.”
With construction scheduled to commence this month, the development is anticipated to be completed by 2024, transforming the landscape of Broad Ripple and enhancing the housing options available to the city’s residents.