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Committee approves PILOT for 144-unit Promenade At The Square with rooftop solar and resident amenities
Indianapolis Metropolitan and Economic Development Committee · November 17, 2025
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Summary
The committee approved a PILOT for the Promenade At The Square, a 144-unit 100%-affordable project at Lafayette Square Mall featuring rooftop solar to cover electricity for residents, on-site daycare, free Wi-Fi and transit passes; construction is expected to start in 2026.
A proposed 144-unit affordable housing development at Lafayette Square Mall received committee approval Nov. 17 for a PILOT under IC 36-3-2-12.
Cole Kerest of Burgeon Holdings said the Promenade At The Square would be 100% affordable and average 60% AMI across its unit mix, with rooftop solar…
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