What's Happening?
The Michigan City Redevelopment Commission has approved the term sheet for Project Wabash, a $20 million mixed-use, mixed-income development. Located at 7th and Wabash streets, the project will feature
five stories with 45 to 60 apartments and commercial space for three tenants, including an anchor restaurant. The apartments will offer both market and workforce rates, with units ranging from 1 bedroom/1 bath to 2 bedrooms/2 baths. Led by Julian Walters' Eminent Development Corporation, the project aims to transform an underutilized space into a vibrant community hub, supporting local businesses and revitalizing the area. The development is designed to meet the growing need for high-quality workforce housing, essential for retaining professionals such as teachers, police officers, and healthcare staff.
Why It's Important?
Project Wabash is significant for Michigan City as it addresses the critical need for affordable workforce housing, which is essential for sustaining the local economy and community services. By providing attainable housing options, the project supports the retention of essential workers who form the backbone of the community. The development is expected to generate economic activity, support local businesses, and catalyze revitalization in the surrounding area. This initiative aligns with Michigan City's broader strategy to grow its residential capacity, with over 2,000 new units planned over the next five years. The project reflects a commitment to inclusive growth that benefits all residents, enhancing the city's long-term economic vitality.
What's Next?
The next steps for Project Wabash include executing bond terms and finalizing the developer agreement with the City of Michigan City. The project is set to break ground in spring 2026, with a construction period of 12 to 14 months. The first residents are expected to move in by summer 2027. The development team will focus on securing necessary financing and advancing the final design concept, while navigating required approval processes. This timeline underscores the city's dedication to fostering a supportive environment for new developments that contribute to community growth and prosperity.
