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Developer to invest $27 million in Renaissance Towers; officials say tenants will not be displaced
Summary
Officials said a planned $27 million renovation of Renaissance Towers will upgrade roughly 450 units with about $50,000 invested per unit and that management intends to renovate in-place so tenants will not have to be relocated during work.
City and redevelopment staff detailed plans for a large renovation of the Renaissance Towers during Mayor's Night Out, describing the project as Indiana's largest affordable-housing redevelopment.
The mayor said the project represents "a $27,000,000 investment in the Renaissance Towers," located in Hammond's Second District, covering roughly 450 units…
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