INDIANAPOLIS-Strategic Capital Partners LLC has teamed up with the city and other developers to create the 100-acre Avondale Meadows mixed-use project, which is expected to cost up to $200 million. The project is a redevelopment of a downtrodden, existing low-income housing site.

The Chicago-based firm recently broke ground on the first development at the site, a 248-unit apartment complex called East Village. The apartments are a joint venture of SCP, the Sterling Group, the Meadows Community Foundation and the city. Sterling was brought on because of the company’s experience with apartment housing, says Mike Higbee, managing director of SCP’s Urban Development Group.

The city helped acquire the land and provided funds from the federal government’s Neighborhood Stabilization Program for the construction of East Village and the demolition, earlier this year, of Timber Ridge Apartments at the site. “This site at one time held a shopping center and a significant amount of low-income housing that became an eyesore. Much of that housing is now down, and we’re replacing it with a master-planned redevelopment that will include housing and retail,” Higbee tells GlobeSt.com.