MAY 29, 2020
By: Muncie-Delaware County Economic Development Alliance—
Muncie, IN— In a groundbreaking ceremony on May 28th, local officials and representatives of WS Property Group gathered to celebrate the start of construction on White River Lofts, a mixed-use riverfront building in downtown Muncie that includes 55 residential apartments with high quality finishes and views of the White River. Commercial space will be available on the ground floor.
The project is the first phase of the White River Canal District, and will be located at 400 W Washington Street, adjacent to the riverfront, and walkable to shops, restaurants, and offices in Muncie’s central business district. In addition to the White River Lofts, this first phase will include a new riverfront plaza and riverwalk to provide an expansive new public space that invites walking, socializing, gathering, biking, and also connects to Muncie’s expansive trail network.
The $9 million development, located in a Federal Opportunity Zone, will promote continued investment in the Canal District and will provide an attractive housing option for Muncie’s workforce. Major employers such as Ball State University, IU Health Ball Memorial Hospital, Muncie Power Products, and Accutech Systems have been vocal supporters of the project, advocating that quality housing options help them recruit and retain talent.
“White River Lofts will bring vigor to our downtown and offer housing in a convenient and beautiful location. Muncie is lucky to have four “opportunity zones” which help attract investors to our great City. These zones have helped bring in a large amount of investment, and will continue to give our City a competitive advantage. I appreciate everyone’s effort during this project, and look forward to the finished product.” —Muncie Mayor Dan Ridenour
The White River Canal District is the result of collaborative efforts and strategic partnerships led by the community vision group, Next Muncie. The “Central City” has been chosen as the focus of Next Muncie as both the hub of activity and catalyst for meaningful city transformation. The Central City area includes Muncie’s highest concentration of place, economic, cultural and educational assets, including thriving institutions and key areas ripe with opportunity.
“We would like to thank the Mayor and Next Muncie in their continued confidence in WS Property Group and are excited to bring this project in the White River Canal District,” said Eric Stolberg, President/CEO, WS Property Group.
The opening date for the White River Lofts is planned for spring of 2021. Leasing inquiries are currently being accepted. For more information, visit whiteriverlofts.com.
About Next Muncie
Committed leaders from across our city have formed a strategic partnership to create transformational success throughout the Central City. With values rooted in collaboration, the leadership team aims to build lively places, foster healthy living, and create new opportunities for learning and working. Visit www.nextmuncie.com.
About WS Property Group
A proven leader in commercial development, healthcare/senior living development and asset management with over 30 years of experience. Professional services include site selection, land development, zoning, full service asset management, and leasing. WS Property Group has the leadership, direction, and drive to provide their clients and investors with innovative professional Real Estate services. Visit www.wspropertygroup.com.
About Muncie, IN
Muncie is an incorporated city and the seat of Delaware County, Indiana. It is located in East Central Indiana, about 50 miles northeast of Indianapolis. The United States Census for 2010 reported the city’s population was 70,085. The community is grounded with recreational and cultural amenities and a diverse economic base that includes higher education, medical, advanced manufacturing, information technology, logistics, and life science firms. Top notch educational institutions include Ball State University and Ivy Tech Community College.