MILHAUS AND BAM CAPITAL BREAK GROUND ON NOX, BRINGING URBAN WALKABILITY TO SUBURBAN LIVING IN ROBINSON TOWNSHIP

INDIANAPOLIS (June 3, 2024) —National award-winning developer, owner and operator of Class-A multifamily properties, Milhaus, has partnered with leading multifamily real estate investment firm BAM Capital to break  ground on Nox, a new apartment community in in suburban Pittsburgh’s thriving Robinson Township. First Merchants Bank is providing the construction loan for the development. Nox aims to introduce urban-style walkability to a suburban setting, offering residents of all ages convenient access to modern amenities and local conveniences. The community will feature a mix of 4-story elevator-served and 3-story walkup buildings, housing a total of 272 units. These units will be available in 10 different floorplans, including the area's only class-A studio apartments, as well as 1-bedroom, 2-bedroom, and 3-bedroom layouts, catering to a diverse range of lifestyles and preferences.

Located at 10 Urbano Way, this area of Robinson Township is well-known for its robust retail environment. As one of the few new developments in this market, Nox will bring an organic-contemporary style with a neighborhood feel to the area. Units will feature quartz countertops, stainless steel appliances, upgraded closets, full-size washer & dryer, patios and balconies, oversized windows, and Bluetooth entries, all within walking distance of Costco, Aldi, the 47-mile Montour Trail and more.

“Any time we can bring walkability to a neighborhood through our developments means we’re succeeding in our goal of positively transforming communities,” said Spencer Lee, Development Associate at Milhaus. “Nox will embody all of the elements we strive for in a new development, including a fresh, urban feel for suburban residents with local and national retail and dining options at their fingertips.”

On partnering with BAM Capital for this project, Milhaus VP of Investor Relations, Chris Beres, said, “BAM Capital is the perfect partner for this exciting development, especially in a market like Pittsburgh that desperately needs more apartments. By bringing these much-needed homes to the area, we're not just addressing a critical shortage but also making a real difference in the community. Our shared vision for excellence means we can work together seamlessly and build a lasting relationship that will benefit the region for years to come.”

Nox’s amenities will include a resident lounge, coworking office space, pool deck with dual grilling stations and a fire pit area, fitness area, pickleball court, pet park and wash, coffee bar, and indoor bike storage and repair. Residents are in close proximity to The Mall at Robinson, Robinson Town Center, the Settlers Ridge lifestyle center and other retailers, and Settlers Cabin Park and the Pittsburgh Botanic Garden are a short drive away. Situated with easy access to I-376, Nox residents can conveniently reach downtown, Pittsburgh International Airport and the greater Pittsburgh area.

“Nox is poised for a significant impact on the Robinson Township landscape, promising an unmatched living experience and a strategic investment,” said Ivan Barratt, Founder and CEO of BAM Capital. “We seek opportunities that transform neighborhoods while building strong returns, and this key partnership with Milhaus tees us up for nothing but success.”

“First Merchants is pleased to have the opportunity to be a part of this exciting project and to continue our longstanding relationship with Milhaus,” said Tanner Troxell, Vice President of Investment Real Estate at First Merchants Bank. “We believe our attentive and adaptable solutions enable us to provide more than financing but a partnership with long-term impact. We look forward to the successful development of the apartment community and to seeing the Robinson Township neighborhood prosper for years to come.

Additional partners bringing Nox to life include architecture and interior design firm Studio M and engineering firm CEC, Inc. Construction has begun and is expected to conclude in summer 2026.

To learn more about Milhaus, visit www.milhaus.com. For more information on BAM Capital, visit www.capital.thebamcompanies.com.

ABOUT MILHAUS

Milhaus is a national award-winning, vertically integrated multifamily developer, owner and operator specializing in Class A residential assets. Headquartered in Indianapolis, Milhaus is comprised of inspired and industrious individuals who are passionate about the development of multifamily and mixed-use communities. We provide exceptional customer experiences and create solutions for neighborhoods that positively impact communities by providing unparalleled expertise in real estate, investment, development, construction and management. Milhaus’ portfolio is comprised of over 7,800 units across 28 properties as of March 2024. Assets Under Management stood at $2.2 million. For more information, visit www.milhaus.com. 

ABOUT BAM CAPITAL

BAM Capital is the private equity arm of The BAM Companies, an institutional real estate owner/operator. BAM Capital offers its family of investors access to premier real estate investment opportunities, transparent stewardship of capital, a means to achieve portfolio diversification, and tax-advantaged, long-term, generational wealth creation. Further, through The BAM Companies, assets in the BAM Capital portfolio benefit from the expertise and proven property and asset management skills in maximizing operations.

ABOUT FIRST MERCHANTS CORPORATION

With $18.3 billion in assets, First Merchants Corporation (NASDAQ: FRME) is a registered bank holding company offering a full line of commercial and consumer banking services and wealth management services through First Merchants Bank and First Merchants Private Wealth Advisors in Indiana, Illinois, Michigan, and Ohio. With more than 130 years of enhancing the financial wellness of the diverse communities it serves, First Merchants makes meaningful contributions through Employee Empowerment, Philanthropy and Charitable Giving, Financial Wellness, Community Home and Business Lending, and Diversity, Equity, and Inclusion. The company has been honored for its attentive and knowledgeable service and culture by Forbes, Newsweek, American Banker, Comparably, and S&P Global Intelligence “Best Banks” awards. First Merchants Bank attributes this recognition to a mission-driven team that is passionate about “helping you prosper” through attentiveness as its genuine and unique approach to customer service. To see how First Merchants Bank is making a difference, go to: (www.firstmerchants.com).