Milhaus Whitestown Multifamily Property Opening in Suburban Indianapolis

The 240-unit community broke ground in May 2021. 

INDIANAPOLIS (May 10, 2021) – Milhaus, a national award-winning developer, owner and operator of Class-A multifamily properties, and partner Humphreys Capital are excited to announce that Milhaus Whitestown has broken ground in Whitestown, Indiana.

Milhaus Whitestown is a $40 million apartment project to be located near 7279 S. Indianapolis Road, Whitestown, Indiana, fifteen miles northwest of downtown Indianapolis. The property will include 240 apartment units ranging from studios to three-bedroom units and 440 surface and 40 parking garage spaces. The site will include a premier amenity package spotlighted by an 8,600 square foot clubhouse, fitness center, in-ground pool, dog park and washing station, pickleball court, and outdoor lounge with fireplace and grill stations.

One of the fastest-growing communities in the state for nearly a decade, Whitestown has seen a year-over-year population growth of approximately 7.6%. This growth can be attributed in large part to the town’s growing employment base of high-quality jobs and easy access to major cultural and employment hubs in downtown Indianapolis via I-65 and to the neighboring suburbs of Zionsville, Carmel and Westfield. In addition, Milhaus Whitestown will be another family-friendly asset for the town, as it is located within one of the most prominent school districts in the state of Indiana, Zionsville Community Schools.

“Milhaus Whitestown is unique in its ability to capture a broad demographic of residents. It’s centered in a suburban location and brimming with quality-of-life features that will allow a variety of individuals and families to coexist in the all-encompassing locale,” said Brad Vogelsmeier, VP of Development at Milhaus. “With top-tier amenities fit for private workspaces to pool parties, a 20-minute drive to downtown Indianapolis, and connectivity to the surrounding suburbs via Whitestown Parkway, this property will meet a broad set of demands.” Todd Glass, Senior Managing Director of Investments at Humphreys Capital, said, “We are grateful to be partnering with Milhaus and are excited to continue the successful relationship together.”

“As our community continues to develop, we look for ways to diversify our available housing options so that people of all walks of life can be a part of Whitestown,” said Whitestown Town Council President Clinton Bohm. “This multifamily project is a good fit as we continue to develop the area along Indianapolis Road.”

The Milhaus Whitestown property is on the path of continued growth as it develops into a mixed-use enclave alongside several of Whitestown’s large-scale master-planned developments set to create a commercial, retail, athletics and entertainment epicenter. This includes the recent announcement of the $135 million mixed-use development joint-venture between Whitestown and Milhaus, which will include a youth sports environment, hotel, water park, housing, retail space, and more all located in close proximity to Milhaus Whitestown. Furthermore, the multifamily apartments will be located directly north of the Little League® Central Region Headquarters and Ballfield, which will attract approximately 20,000-40,000 visitors every summer for 40-60 baseball and softball games.

Milhaus has partnered with architect CSO, engineer HWC Engineering, and interior design firm Mitsch Design to bring Milhaus Whitestown to life. Groundbreaking occurred in May 2021, and the first units are expected to open in May 2022.

Founded in 2010, Milhaus exclusively targets secondary markets across the Midwest and Sunbelt. The company’s current portfolio includes over two dozen properties in 11 states and over 6,000 units. For more on Milhaus, visit www.milhaus.com.

ABOUT HUMPHREYS CAPITAL

Humphreys Capital is a real estate investment company that acquires, develops, and operates income-producing, multi-sector properties including industrial, multifamily, office and retail. The firm’s investment and development focus is on dynamic cities exhibiting diverse growth across the Southeastern and Southwestern United States, where it specializes in privately negotiated off-market, mid-size deals of institutional quality. The multigenerational team provides seasoned expertise and exposure to diversified commercial real estate for accredited and institutional investors. The firm has raised approximately $350 million over six years across three funds. Visit www.humphreyscapital.com for more information.