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Partnership Starts Health Center at $150M Project

INDIANAPOLIS-The Health & Wellness Center is the second phase of the Avondale Meadows project, a redevelopment of the former crime-ridden Timber Ridge Apartments.

By Robert Carr | Updated on July 10, 2012

INDIANAPOLIS-Strategic Capital Partners LLC and the Meadows Community Foundation will break ground today on the 70,000-square-foot health and wellness center portion of Avondale Meadows, the redevelopment of the infamous Timber Ridge projects. The $150 million project is on track, but residential and retail have been held for now, says the SCP chairman Gene Zink.

The 100-acre mixed-use project is being built on the former crime-ridden Timber Ridge Apartments along East 38th Street. Warren Buffett is a development partner with Purpose Built Communities, along with Tom Cousins and Julian Robertson. The Mishawaka, IN-based Sterling Group is also part of the team.

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