LOGANSPORT, Ind. (Inside INdiana Business) — A Chicago-based real estate developer has announced plans to build a single-family housing project on the northeast side of Logansport. Park Development LLC is already developing The Junction at the former Logansport Mall, and plans to build 52 homes near the development.
The developer says the homes in Lexington Village, which will be built north of the mall property along High Street and Yorktown Road, will range in size from 900 square feet to 3,000 square feet. Prices for the neighborhood are set from $165,000 to the low $200,000’s.
Logansport/Cass County Planning Department Executive Director Arin Shaver says the project has been “on the back burner” for several years.
“After reviewing housing studies and completed surveys, the city tapped Park Development to make it a reality. The next step is to approve the subdivision plat and finalize the construction document. We hope to see these approvals done by March, so marketing and construction of these homes can start happening this spring,” said Shaver.
Shaver says with construction beginning this spring, the homes could be completed by fall.