Thompson Thrift to Develop 350-Unit Revere Luxury Multifamily Community in Fast Growing Indianapolis Submarket of Westfield

INDIANAPOLIS, IN – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Revere, a Class A multifamily community in the Indianapolis suburb of Westfield. The company expects to welcome its first residents in February 2027.
“Westfield continues to stand out as one of the fastest growing and most desirable communities in the country,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With its strong demographics, high quality of life, and recognition as one of the best places to live, Westfield is an attractive place for new residents to call home, and we are excited to deliver a thoughtfully designed community that complements the city’s momentum.”
Located at the intersection of US 31 and E 191st Street, the 23-acre community will feature 350 apartment homes in one-, two-, and three-bedroom configurations averaging 1,000 square feet. The residences will be spread across six buildings, including four 3-tale garden-style buildings and two 4-tale elevator-serviced buildings.
Each apartment home will offer the luxury amenities Thompson Thrift is known for, including elegant quartz countertops, stainless-steel appliances, glass-top ranges, hardwood-style flooring, quartz vanity tops and undermount sinks, full-size washers and dryers, multiple smart home capabilities and many other designer fixtures and finishes. Select units will offer Thompson Thrift’s upgraded end package, including premium stainless-steel appliances, kitchen hardware, deluxe closet shelving, walk-in shower with full tile surround, and more. Patio, balcony, and detached garage options are also available.
Luxury living will continue throughout Revere with many high-end features, including a fitness center and social hub with 24-hour access, a resort-style heated swimming pool, electric firepits with seating areas, a dog park and pet spa with grooming station, community grilling areas, a business center with focus rooms and resident conference room with screenshare technology, and more.
Adjacent to the site is IMMI, an industry leader in the innovation, design, testing and manufacturing of advanced safety systems which employs nearly 700 people at its Westfield office. Plotted future retail will also sit next to the community, giving residents walkable access to a variety of options. Additionally, Meijer, Kroger, Chick-Fil-A, Portillo’s, Starbucks, and a brand-new Giant Eagle Market are all within a few minutes of Revere.
Less than two miles away is the Grand Park Sports Campus, a 400-acre sports park that is home to the Indianapolis Colts training camp and the Pacers Athletics Center and welcomes over 5.5 million visitors annually. The community also offers brilliant connectivity to US 31, providing simple access to downtown Westfield, downtown Carmel and downtown Indianapolis.
Westfield was ranked in the top 5 for best places to live, the best place to raise a family and the best suburb for young professionals in Indiana by Niche.com. Hamilton County has been ranked as having the 4th best public schools in the United States, and Westfield High School ranked in the top 3% in the nation.

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Lincoln Avenue Communities Breaks Ground on The Reserve at Chisholm Creek Affordable Housing Community in Oklahoma City

OKLAHOMA CITY, OK – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Reserve at Chisholm Creek, a 267-unit affordable housing community for individuals and families in Oklahoma City, marking LAC’s first ground-up construction project in the state of Oklahoma.
“LAC is proud to bring high-quality housing to Oklahoma City, which will make long-term access to affordable housing in one of the city’s most dynamic and growing areas,” said David Garcia, LAC Vice President and Project Partner. “The Reserve at Chisholm Creek represents our continued commitment to building sustainable, inclusive communities, and we’re grateful to our public and private partners who helped make this project possible.”
The Reserve at Chisholm Creek will feature a mix of one-, two-, three-, and four-bedroom apartments with communal amenities including a swimming pool, playground, dog park, fitness center, and clubroom for resident gatherings. Units will feature stainless steel appliances, in-unit washers and dryers, and ample storage including coat and linen closets. Additionally, the building includes a rooftop solar panel installation to offset common area electricity use, reinforcing LAC’s commitment to sustainability.
The Reserve at Chisholm Creek will lease its units to individuals and families earning up to 60% of the Area Median Income (AMI). The development was financed with a 4% non-competitive Low-Income Housing Tax Credits (LIHTC), along with tax-exempt bonds and Oklahoma state low-income housing tax credits issued by Oklahoma Housing Finance Agency (OHFA). Chase Bank provided construction financing, Barings provided the permanent loan, and US Bank bought the federal and state LIHTCs. Rosemann & Associates is the architect and CMS Willowbrook is the general contractor. The development will comply with Section 42 of the Internal Revenue Code and the Oklahoma Qualified Allocation Plot (QAP).

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JPI in Partnership with Tokyo Tatemono Secures Financing for $150 Million 272-Unit Mixed-Use Development in Long Beach

LONG BEACH, CA – JPI, a leader in Class A multifamily development, in partnership with Tokyo Tatemono US Ltd. and BMO Bank, has closed on construction financing for Portico, a $150 million, mixed-use development in Long Beach, Calif. Located at 450 The Promenade North, Portico marks the first phase of the highly anticipated Mosaic redevelopment project, formerly known as City Place Long Beach.
Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-bedroom, two-bedroom, and three-bedroom apartments – 16 of which will be designated as affordable housing units. The development will also include 18,841 square feet of ground-floor retail, offering direct access to the pedestrian promenade and enhancing the area s walkability and vibrancy
This project represents a key step forward in reimagining Downtown Long Beach, said Mollie Fadule, Chief Financial and Investment Officer at JPI. With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes, we are making a destination that blends housing, retail, and culture into a thriving urban experience.
Residents will delight in a suite of elevated amenities, including a speakeasy, rooftop deck, sports simulator, sauna, and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building s brick façade.
The broader 14-acre Mosaic redevelopment, led by Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group, will ultimately deliver 900 multifamily residences and 38,000 square feet of commercial space, transforming the heart of Long Beach into a dynamic live-work-play environment.

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