Kilgore Place – Muncie, IN (June 5, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Kilgore Place, a $29 million workforce, multifamily community coming to Muncie, Indiana. TWG Development and City of Muncie have worked closely together with the community to address the need for more housing availability, affordability, and stability.
Located at 2380 West Kilgore Ave, Kilgore Place will consist of 120-units with one-, two-, and three-bedroom units. This workforce community will serve a variety of income levels for Muncie residents. Kilgore Place will revitalize the site of the former End Zone Bar & Grill that was destroyed in a fire in 2022. Located near many great community amenities, the community will bring new, high-quality, attainable housing to the Muncie area.
“We are pleased to be the construction and equity bridge lender for this important project bringing 120 new affordable housing units to Muncie. Communities must have access to safe and quality housing, and this project will help address that need. Our commitment to Muncie, for over 130 years, reflects our dedication to helping people and communities prosper.“ says First Merchant Banks CEO, Mark Hardwick.
“Kilgore Place will be a well-rounded community, incorporating high-quality design, energy-efficient materials, large apartment units and offering residents a wide range of amenities and programs. We aimed to create a place that residents are proud to call home” says TWG’s Marisa Conatser, Development Director.
Amenities include on-site property management, playground, dog park, fitness center, community room with activities, ample bike storage, community garden beds, free in-unit Wi-Fi, and CORES – certified resident services that promote professional development and personal growth.
“Merchants Capital Investments is proud to partner with TWG on this much-needed affordable housing project in Muncie. The project will not only provide 120 families with an affordable place to call home, but it will also have a positive impact on the Muncie community overall.” says Kelly Berg, VP, Acquisitions.
Kilgore Place would not be possible without our valued partners: Monarch Private Capital, First Merchants Bank, Merchants Capital, City of Muncie and Security Bank and Trust Company. We are excited to be a part of the first project to utilize IHCDA’s brand new Indiana State Affordable and Workforce Housing Tax Credit.
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.
About TWG TWG is a real estate development company specializing in commercial, market rate, affordable and senior housing developments. TWG was formed in 2007 to develop, own and manage housing communities throughout the Midwest. Through its related entities, TWG Development, TWG Construction, and TWG Management, TWG can envision a development from concept to lease-up to stabilization. TWG has transacted over $2.1 billion in development costs and over 11,500 units developed across the country.