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Developer reintroduces plan for 272-unit Brownsburg apartment complex; council hears traffic and affordability concerns
Summary
CRG Residential presented an informational rezoning and annexation plan for the Lee property that would build 272 one- and two-bedroom apartments and a 5,400 sq ft commercial outlot; council members pressed the developer on traffic access and affordability, and no vote was taken tonight.
CRG Residential returned to the Town of Brownsburg council on Feb. 12 to present a revised plan to annex and rezone the Lee property for a multifamily project of 272 apartments and a roughly 5,400-square-foot commercial outlot.
John Lazo, representing CRG Residential, told the council the applicant reduced density by 30 units since the project’s last appearance and is proposing all one- and two-bedroom units with approximately 496 parking stalls, a mix of attached covered and surface parking. He said the developer expects a blended rent of about $1.75 per square foot, which he described as roughly a $1,650 average monthly rent based on their typical 940-square-foot unit mix. Lazo said the commercial outlot is planned for uses such as medical, coffee or fitness services and that finishes and amenities will be higher-end, including a saltwater pool and indoor/outdoor programming space.
The presentation emphasized market demand tied to recent and pending job growth nearby, with Lazo pointing to recent hires at Meijer and ongoing construction at HarperCollins and LabCorp. The developer also told the council it had reduced density since the August 2024 presentation and had continued marketing the commercial parcel with CBRE.
Council members focused on traffic and access. One member asked how residents would enter and exit the site given current stub-street conditions; the developer said a primary north–south access would tie into existing routes and that the team had lined up a second access to the north but that final connections would require coordination with adjacent property owners, including Meijer. Town staff and the developer said a traffic study would be required as the project moves through the formal review process.
The chair noted the project would not be in a tax-increment financing (TIF) district and said roughly 50–52% of assessed-value proceeds would go to the school corporation, a fiscal data point offered for context. Denis Lee, the property owner, was reported to support the rezoning and CRG’s continued work with the town.
The item was presented as informational; the council took no formal action on rezoning or annexation at the Feb. 12 meeting. The developer and town staff indicated further review, technical studies and future formal applications would follow before any council vote.
Next steps: the council listed no timeline for a public hearing or vote at this meeting; the item remains under review in the town’s development process.
