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1.0

The District Princeton

Overview

The proposed project is a 144-unit workforce housing apartment complex located in Princeton, Indiana. Less than 2 miles from Toyota Motor Manufacturing Indiana, this complex is ideally located to serve as a catalyst for population growth by providing quality, affordable apartments near a major employer. Toyota is in the process of a significant capital investment in an expansion that requires an additional 1,300 jobs. These apartments will aid Toyota in their recruiting efforts because of their attractive design and quality amenities. The complex will be home to a mix of unit sizes with energy efficient upgrades throughout and some containing home offices, garages, and additional storage units. The complex will have an onsite pool, dog park, and multi-use clubhouse. The planned start date for construction is 10/03/2022 or as soon as READI funds are awarded and disbursed. The READI funds will used on site and infrastructure work. We anticipate the apartment complex to be completed in December 2024. This project is supported by the Evansville Teachers Federal Credit Union and JWK Management Group.

Location

Princeton, IN

Funding

READI Logo
1.0
$2,500,000
Public
$5,394,500
Private
$19,360,736
Total
$27,255,236

Region

Southwest

The Southwest Region, also known as the Evansville Region, is home to the third-largest city in Indiana and a population of 303,535, it serves as a hub for retail, medical, entertainment, and transportation. This region secured the maximum READI 1.0 funds of $50 million.

Counties:

Gibson
Posey
Vanderburgh
Warrick

Contact

cpipenger@evvregion.com


View Regional Overview
Project Overview
Southwest Region Map