NEW ALBANY, Ind., September 23, 2021 / PRNewswire / – Kittle Property Group, Inc., a leader in the multi-family housing industry, is pleased to announce the opening of its new property in Hoosier State: Monon Crossing. Situated in New Albania, just across the river from Louisville, Monon Crossing offers families a new option in the affordable housing market.
Built on the site of the former Stemwood Corp sawmill off Grant Line Road, this $ 43 million development has redeveloped a large plot on the north side of New Albania. The newly built community includes 72 one-bedroom, 108 two-bedroom, 40 three-bedroom and 20 four-bedroom apartments for a total of 240 newly built apartments. All apartment houses are affordable for residents who earn between 50% and 70% of the median income in the area.
“Being able to redevelop the old Stemwood site presented unique challenges, but we are excited to revitalize this area of New Albania“said a representative from Kittle Property Group.” We are happy to offer members of the local community an affordable housing option and are ready to welcome them into their new home. “
Construction of the property began in August 2020 and the first houses became available for rent in July 2021. Kittle Property Group expects all homes to be available for rent from here May 2022.
Residents of Monon Crossing have several options ranging from one to four bedroom apartments. One bedroom apartments provide residents with 891 square feet of living space. Two-bedroom apartments are 1,042 square feet, three-bedroom houses 1,398 square feet and four-bedroom apartments 1,497 square feet. Residents can also take advantage of on-site garage spaces which are available for rent as well as separate storage units for additional space.
All of these newly constructed apartments come with a variety of amenities that residents will appreciate. Each home has wood-look floors in the living areas and carpeted floors in each bedroom, ceiling fans, walk-in closets, and new GE appliances including a full-size washer and dryer in each home. Professional management and maintenance are also located on site and are ready to respond quickly to requests.
Residents will also have access to many amenities around the property. This includes a playground, dog park, picnic and barbecue area and swimming pool. The clubhouse will have a fitness center, business center, game room, craft room and community room with heated kitchen.
The property’s central location also provides easy access to shopping, dining, and recreational opportunities. There are many bike paths in the area, as well as Silver Street Park. The property is located just south of a Wal-Mart for convenient access to groceries and other necessities.
Staff on site are currently accepting rental requests for all potential residents. For more rental information, please contact the property at 833-691-1589 or visit their website.
About Kittle Property Group, Inc.
With roots dating back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, build and manage quality, affordable and market-priced multi-family apartments that serve as a catalyst. for local economies by supporting families, neighborhoods and businesses. Kittle Property Group, based in Indianapolis, Indiana, owns and operates more than 18,000 apartment houses, providing homes for 30,000 family members in 19 states, and invested capital of over $ 2.5 billion.
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