Developer group buys two Logansport City buildings, plans ground-floor businesses and upstairs apartments

A staff member said Natalie Wellens' group purchased two of four downtown Logansport City buildings and plans to convert the ground floors to commercial or professional space with apartments above.

"Natalie Wellens group purchased 2 of those 4 buildings. The pulse music and the, doctor Warren's building," the staff member said. The staff member also reported, "They're putting about a million dollars into those 2 properties alone."

The staff member said the redevelopment plan for the two properties includes commercial or professional use on the ground floor and residential apartments on the second floor. The staff member said the purchases had cleared some review by the RDC and that the RDC is providing partial funding for the project; the staff member characterized the private group's direct investment as about $1 million for the two properties combined.

Earlier in the meeting the staff member noted there had been "contract difficulty," but did not provide further detail about the contracts or timelines. No formal motion or vote on the purchases or funding was recorded in the available transcript excerpts.

The meeting record did not specify the number of residential units to be created, an exact timeline for construction, or the full name represented by the acronym "RDC." The staff member did not identify a city department lead or provide a date when construction would begin.

Observers seeking further detail on the redevelopment plan, funding breakdown, or schedule will need to request additional documentation from city staff or the private developer, as those specifics were not provided in the meeting excerpts.