Milhaus Development has been selected by the Local Initiatives Support Corporation (LISC) to assist the Fostering Commercial Urban Strategies (FOCUS) program with revitalization projects in urban areas of Indianapolis. Milhaus will provide advisory services to help accelerate the progress of meaningful commercial development opportunities and reinvestment in the city’s urban neighborhoods.
“We are excited about the real estate development, finance and marketing expertise that Milhaus brings to the table. We’ve already seen how it has succeeded in key neighborhood commercial redevelopment projects,” said Bill Taft, executive director, LISC. “Combined with the hard work of community organizations, this new partnership can create some great wins for our neighborhoods.”
The FOCUS program, which is led by LISC, is an innovative collaboration of the Indianapolis Coalition for Neighborhood Development, the Greater Indianapolis Chamber of Commerce and the City of Indianapolis. FOCUS already has multiple projects underway within selected neighborhoods and community development corporations, including the East 10th Street project led by the East 10th Street Civic Association, the LISC Sustainable Communities Initiative and the Indianapolis 2012 Super Bowl Legacy Economic Development Committee.
“Milhaus is an avid advocate for revitalization of the urban core of major cities and has already played a large role in the development of the Cole-Noble District on the east side of downtown,” said David Leazenby, vice president, predevelopment services, Milhaus Development. “There is a tremendous opportunity for neighborhoods in Indianapolis to become national examples for urban livability and we are excited that our new real estate services division has been chosen to partner with LISC in its redevelopment efforts.”