Fall Creek Place plans Oxford Row mixed-use development with affordable housing and retail

In a recent meeting of the Indianapolis Economic Development Commission, the proposed Oxford Row project was a focal point of discussion, highlighting the city's commitment to affordable housing and community development. The project, located in the Fall Creek Place neighborhood, aims to create a mixed-use space that includes 41 one-bedroom units, six two-bedroom units for families, and 5,000 square feet of retail space. This initiative is strategically positioned at the intersection of 25th and Delaware, an area that has remained vacant for years.

The developers emphasized that Oxford Row is designed not just as a housing solution but as a community asset that fosters a vibrant neighborhood. With 10% of the units designated as affordable at 50% of the Area Median Income (AMI), the project seeks to address the pressing need for deeper affordability in housing options, a shift from the more common 20% at 80% AMI that has been insufficient for many residents.

The project has garnered unanimous support from the neighborhood, with no opposition reported. This backing reflects the developers' commitment to engaging with the community and ensuring that the design and amenities align with local needs. The project is also characterized as a "missing middle" development, filling a gap between single-family homes and larger apartment complexes, which are prevalent in the city.

In addition to housing, the retail component is being carefully curated to enhance the neighborhood's appeal. Potential tenants include a coffee shop, a gourmet pizza restaurant, and pastry chefs, all chosen based on community preferences to ensure long-term sustainability and relevance.

The developers, in collaboration with experienced contractor Stins Construction, are focused on creating a high-quality, lasting structure that integrates well with the existing community fabric. The project represents a significant step towards revitalizing the area and addressing the housing crisis in Indianapolis.

As the commission deliberates on the necessary incentives for the project, the overall sentiment is one of optimism. The Oxford Row initiative not only aims to provide much-needed housing but also to foster a sense of community and economic vitality in Fall Creek Place. The next steps will involve finalizing support from the commission and moving forward with the development plans, which are anticipated to have a lasting positive impact on the neighborhood.