{"id":1004113215,"date":"2015-02-10T14:30:17","date_gmt":"2015-02-10T22:30:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=323805"},"modified":"2020-05-18T04:57:52","modified_gmt":"2020-05-18T12:57:52","slug":"trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/","title":{"rendered":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis"},"content":{"rendered":"<p><em>by Adriana Pop, Associate Editor <\/em><\/p>\n<div id=\"attachment_323812\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-323812\" title=\"1201 Indiana - Indianapolis\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg\" alt=\"\" width=\"300\" height=\"246\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Student Housing Complex at 1201 Indiana Ave. in Indianapolis<\/p>\n<\/div>\n<p>A new apartment and retail development intended to meet the increasing demand for student housing around the IUPUI campus could soon rise in downtown Indianapolis.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.ibj.com\/articles\/51445-developer-bets-40m-on-mixed-use-project-near-iupui\" rel=\"nofollow\">Indianapolis Business Journal<\/a><\/em>, Trinitas Ventures of West Lafayette is planning a spring construction start on a $40 million, 193-unit mixed-use complex at the northeast corner of Michigan Street and Capitol Avenue. Designed by Ratio Architects, the project will also bring up to 7,000 square feet of small-shop space and a parking garage. Overall, it will include two structures, an 11-story building at the south end of the property and a five-story one at the north end. The size of the new units will range from one to four bedrooms, offering a total of 600 bedrooms, while amenities will include a fitness center and a clubhouse.<\/p>\n<p>\u201cWe\u2019ve liked the Indianapolis market for some time and we increasingly see a demand for our type of product in the market,\u201d Travis Vencel, the company\u2019s vice president of development, told the newspaper.<\/p>\n<p>The upcoming student housing complex is the developer\u2019s third in Indianapolis. Trinitas has also built a $30 million, 253-unit project at 1201 Indiana Ave. (<em>pictured<\/em>), which opened in August 2010 and a smaller building about 10 years ago near the University of Indianapolis.<\/p>\n<p>Trinitas\u2019 equity partner on the project is Harrison Street Real Estate Capital LLC of Chicago.<\/p>\n<p>According to Tikijian Associates\u2019 annual report, the increasing demand for student housing accounts for only a small portion of the housing market\u2019s overall growth in Indianapolis. On average, rental rates in the city\u2019s downtown area climbed 3.8 percent last year, to $951 per month, while occupanc y remained strong at 95.2 percent.<\/p>\n<p><em>Photo credits: www.trinitas.ventures<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new apartment and retail development intended to meet the increasing demand for student housing around the IUPUI campus could soon rise in downtown Indianapolis.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[],"class_list":["post-1004113215","post","type-post","status-publish","format-standard","hentry","category-indianapolis","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis\" \/>\n<meta property=\"og:description\" content=\"A new apartment and retail development intended to meet the increasing demand for student housing around the IUPUI campus could soon rise in downtown Indianapolis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-10T22:30:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T12:57:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis\",\"datePublished\":\"2015-02-10T22:30:17+00:00\",\"dateModified\":\"2020-05-18T12:57:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/1201-Indiana-Indianapolis2.jpg\",\"articleSection\":[\"Indianapolis\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/\",\"name\":\"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/1201-Indiana-Indianapolis2.jpg\",\"datePublished\":\"2015-02-10T22:30:17+00:00\",\"dateModified\":\"2020-05-18T12:57:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/1201-Indiana-Indianapolis2.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/1201-Indiana-Indianapolis2.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/","og_locale":"en_US","og_type":"article","og_title":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis","og_description":"A new apartment and retail development intended to meet the increasing demand for student housing around the IUPUI campus could soon rise in downtown Indianapolis.","og_url":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-02-10T22:30:17+00:00","article_modified_time":"2020-05-18T12:57:52+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis","datePublished":"2015-02-10T22:30:17+00:00","dateModified":"2020-05-18T12:57:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/"},"wordCount":298,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg","articleSection":["Indianapolis","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/","url":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/","name":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg","datePublished":"2015-02-10T22:30:17+00:00","dateModified":"2020-05-18T12:57:52+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1201-Indiana-Indianapolis2.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trinitas-ventures-plans-40m-student-housing-complex-in-indianapolis-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trinitas Ventures Plans $40M Student Housing Complex in Indianapolis"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004113215"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113215\/revisions"}],"predecessor-version":[{"id":1004444371,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113215\/revisions\/1004444371"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004113215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004113215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004113215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}