5 Things We Saw on the Property Bus Tour
The Indiana Apartment Association recently hosted its annual Property Bus Tour in the Indianapolis and South Bend areas, visiting a dozen sites and enjoying the latest and greatest in apartment living. Here are some trends and styles members who took the tour saw.
The pool is open
Indiana had unseasonably warm weather starting in early May this year, and residents were itching for summer activities to begin. Properties rushed to open their pools, get grills set up, and hire DJs for block parties.
Quarry at River North (Gene B. Glick Co.) in Keystone had in-water chaise lounge chairs placed just before the IAA bus tour
Maple Knoll in Westfield (Marquette Management) has many outdoor amenities including a walking trail and dog park. The property offers high-end community grills for resident use during summer.
Pets are residents too
Making furry family feel at home is an important trend in multifamily. Pet-friendliness is a top amenity that will catch the eye of a potential renter.
The staff at Pinnex (Milhaus Management) in Fountain Square said residents love having a dog washing station. Having functional and enjoyable space is important, too, such as the picnic tables at Aurum (Hanley-Brown Management LLC) in South Bend.
Quarry at River North offers a water station for pets in its lobby, and Maple Knoll has a dog park.
Location, location, location
It’s an axiom in real estate for a reason. Properties are taking advantage of what’s nearby, whether it’s a popular trail, a historic neighborhood, various retailers and restaurants, or even just proximity to the bus stop.
River Rock (InSite Development) in Mishawaka overlooks the scenic St. Joseph River. The Coil (Sheehan Property Management) is at the heart of Indianapolis’ Broad Ripple neighborhood and offers advantages like access to the Monon Trail and a resident only elevator to the grocery store at the building’s ground level. And one of Indianapolis’ newest and most unique properties is 360 Market Square (Flaherty & Collins Properties), downtown on the former Market Square Arena site, which offers outstanding views of the city with luxury amenities.
Don’t forget to consider the functionality behind promoting the special aspects of your property, such as maps, signage, and touchscreens.
Developers and builders are playing up the unique features and history of renovations and new construction. With an influx of opportunities, owners are looking to stand out from the crowd.
Castle Point (Flaherty & Collins Properties) in South Bend has elements reminiscent of the “castle” name with rock walls, arches, and large fireplaces. Studebaker Lofts (Bradley Company) also in South Bend still showcases the historic vault from when the site was originally built as a bank.
The Olivia on Main (Keystone Realty Group) evokes a boutique hotel feel with luxury details and location in the upscale areas of Carmel.
Working hard, smart
As telecommuting and home businesses grow in popularity, residents need more places to create and commit. Many communities on the tours offered more than just the typical community room space.
Woodland Terrace of Carmel (Justus Rental Properties) included studios for music and artwork creation. Pinnex has a workroom they call the Maker’s Room that makes tools available for resident use for activities from woodworking to gift wrapping.
The Residences at Toscana Park (Bradley Company) in Mishawaka has a garage with each unit so residents can spread out.
These are just some of the many features offered by the locations featured in the 2018 tour. Still to come, IAA is offering a tour in the Merrillville area in August. Click here to sign up.
The Indianapolis tour will be offered again in spring 2019.