Major Housing Development Underway in Elwood

Inside INdiana Business is reporting construction is underway on a $27 million residential development around a golf course in Elwood. Plans for Bison Ridge Estates include dozens of homes, apartments, villas and up to 48 senior living units. Mayor Todd Jones says “this development is helping to eliminate the lack of adequate housing for not only our residents but also for potential residents who would like to locate to our great City.”

Jones says the city, which is home to the corporate headquarters of Red Gold and ELSA, has experienced an influx of some 600 new industrial and manufacturing job openings over the last year and recent economic development investments totaling more than $150 million. The Elwood Golf Links property was acquired by the city after it closed in 2014. It’s been reopened and is now managed by Carmel-based Cohoat and O’Neal Golf Management.

Bison Properties President Arden Johnson, a partner with developer Elwood Real Equities, says the first phase will include: 24 three-bedroom homes, 12 model homes, 24 two-bedroom villas, three three-story apartment buildings, a 24-unit senior living facility, clubhouse and pool. Johnson says the occupancy date is expected to be December. Construction on phase two is slated to start once 80 percent occupancy is reached. It will include 24 units of senior living and three additional three-story apartment buildings.

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