AP Development LLC is an affiliated company which partners with Anderson Partners LLC to provide construction consulting and general contracting services to Anderson Partners’s projects. AP Development has worked with more than 60 nonprofits in the development of housing and community facilities, including supportive services agencies, housing authorities, community development corporations and religious groups. We also work with many outside partners to bring all the resources necessary for success to a project.

AP Development Projects

UB / IOOF Block, Huntington, Indiana

AP Development LLC is partnering with Indiana Landmarks and the City of Huntington in redeveloping the former United Brethren Building and International Order of Oddfellows Buildings in downtown Huntington, Indiana, a 2015 entry on Indiana Landmarks 10 Most Endangered List. Project funding includes Regional Cities, Federal Historic Tax Credits, and Tax Increment Financing, CEED Funding from the Indiana Housing and Community Development Authority and traditional financing. When complete in April 2019, the project will include housing, and art studio and gallery and Huntington University’s entrepreneurship programs.

Rock City Lofts, Wabash, Indiana

AP Development LLC partnered with Partnership for Affordable Housing, Inc. and House Investments in the redevelopment of three historic buildings in downtown Wabash, Indiana.  Rock City Lofts created 41 units of affordable senior housing and improved commercial and retail space on the first floor.  The City of Wabash and the Economic Development Group of Wabash County are contributing funds and support to the project.  The project is the centerpiece of Wabash’s 2015 Stellar Communities Designation.  The project was completed in December 2017.

Central Lofts, Evansville, Indiana

AP Development LLC was awarded $11.5 million in Low Income Housing Tax Credits to develop the former 1913 YMCA in Evansville into 65 units of affordable housing.  As part of the Great Southwest Indiana Regional Development Plan and the Regional Cities Initiative, the YMCA has is building a new $15 million YMCA facility adjacent to Central Lofts.   The $13 million Central Lofts project is being funded through a combination of Federal Low-Income Housing Tax Credits, Federal Historic Tax Credits and Tax Increment Financing.  MartinRiley Architects of Fort Wayne are designing the project.  Anderson Partners LLC is acting as tax credit and real estate counsel on the project.

Former YMCA, Kokomo, Indiana

AP Development LLC was awarded $11.5 million in Low Income Housing Tax Credits to develop the former 1913 YMCA in Evansville into 65 units of affordable housing.  As part of the Great Southwest Indiana Regional Development Plan and the Regional Cities Initiative, the YMCA has is building a new $15 million YMCA facility adjacent to Central Lofts.   The $13 million Central Lofts project is being funded through a combination of Federal Low-Income Housing Tax Credits, Federal Historic Tax Credits and Tax Increment Financing.  MartinRiley Architects of Fort Wayne are designing the project.  Anderson Partners LLC is acting as tax credit and real estate counsel on the project.

Backstay Lofts, Union City, Indiana

AP Development LLC is developing the former Backstay Welt building into 50 units of affordable housing and a center for workforce development.  Partnering with the City of Union City and Work One, Backstay Lofts will include a fully activated workforce development center, community kitchen, community meeting rooms and an arts focus.  The $9 million, 102,000 square foot project is being funded through a combination of Federal Low Income Housing Tax Credits, Federal Historic Tax Credits and Indiana Industrial Recovery Tax CreditsMartinRiley Architects of Fort Wayne are designing the project.  Anderson Partners LLC is acting as tax credit and real estate counsel on the project.  Backstay Lofts is the centerpiece of Union City’s 2017 Stellar Communities Application.

Ben Hur Hotel and Apartments, Crawfordsville, Indiana

AP Development LLC is partnering with the City of Crawfordsville in the redevelopment of the Ben Hur Life Insurance Building in downtown Crawfordsville, Indiana.  The project is the centerpiece of the City’s 2015 Stellar Communities Designation.  Following an approximately $12 million renovation, the revived Ben Hur will include a boutique hotel, restaurant and penthouse apartments operated by General Hotels Corporation.  Funding includes Federal Historic Rehabilitation Tax Credits, Stellar Funding, IHCDA Development Fund, New Market Tax Credits and Tax Increment Financing.  Community Construction is acting as general contractor for the project designed by RATIO Architects.  Wabash College is also participating in the implementation of the project.

Kitselman Flats, Muncie, Indiana

AP Development LLC is redeveloping a portion of the former Indiana Steel and Wire Site in Muncie, Indiana.  The Kitselman Pure Energy Park will include housing, a hotel, solar fields, manufacturing and the new Kitselman Trailhead.    With an investment of approximately $25 million, Kitselman Flats will be the first significant redevelopment project on the site.  When complete, the project will include 120 units of housing, which will complement and enhance the overall mixed-use project.  Construction is expected to begin in 2019.  The Architecture Studio is designing the project, which will be built by Community Construction LLC.

Rushton Apartments, South Bend, Indiana

AP Development LLC, Onyx Llama LLC and South Bend Heritage Foundation, Inc. completed the renovation of the Historic Rushton Apartments in 2013.  South Bend’s original “skyscraper”, the $5 million renovation included 23 units of affordable senior housing and community space.   1st Source Bank provided construction financing and purchased the low income and historic tax credits through Great Lakes Capital Fund.  The City of South Bend also provided TIF financing to the project.  Anderson Partners LLC acted as tax credit and developer counsel.

1733 Meridian Apartments, Indianapolis, Indiana

AP Development LLC and Anderson Partners LLC closed on permanent financing for 1733 Meridian Apartments in Indianapolis, Indiana, located just north of the downtown historic district.  The project was funded through a loan from Merchants Bank of Indiana and tax credit equity provided by Alliant Capital. The project is the renovation and restoration of the historic Spink Apartments.  AP Development co-developed the project with Legacy Urban LLC and Riley Area Development Corporation.  The renovated project opened in May 2013 and is managed by MBA Property Management.