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Top related persons:
Michael Cox - 1 John Watson - 1 Cox - 1 Michael Potter - 1 Watson - 1
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Indianapolis , Indiana Midwest Indiana Indianapolis Marion County , Indiana Marion ,
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Core - 1 CNBC - 1 Indianapolis Indians - 1 Indiana Landmarks - 1 Bush - 1 Cox - 1 of Fame - 1

Search resuls for: "Valentina Duarte Celia Fernandez"


2 mentions found


☆ We spent $1 on an abandoned baseball stadium, and $14 million to convert it into luxury apartments—take a look inside
  + stars: | 2024-06-04 | by ( Valentina Duarte Celia Fernandez | Valentina Duarte | Celia Fernandez | ) www.cnbc.com   time to read: +6 min
That apartment complex is Stadium Lofts, a former baseball stadium that was converted into 138 apartments by Core Redevelopment, a Midwest developer group. The Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. The Stadium Lofts renovation took the partners just under two years to complete. The Stadium Flats addition was completed about a year after the Stadium Lofts opened and cost around $13 million. Cox, Watson, and his sons had a budget of $14 million for the Stadium Lofts conversion and, in the end, spent roughly $13.8 million.
Persons: Michael Cox, John Watson, Cox, Michael Potter, Watson Organizations: Core, CNBC, Indianapolis Indians, Indiana Landmarks, Bush, Cox, of Fame Locations: Indianapolis , Indiana, Midwest, Indiana, Indianapolis, Marion County , Indiana, Marion ,
☆ We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside
  + stars: | 2023-04-25 | by ( Valentina Duarte Celia Fernandez | Valentina Duarte | Celia Fernandez | ) www.cnbc.com   time to read: +4 min
In May 2019, the trio bought the abandoned school, Bowtie High, for $100,000 and converted it into a 31-unit apartment building. Wig, Colucci, and Spanovich found a different bank and secured a $2 million mortgage, which they pay down at $12,129/month. In total, renovating the old school cost $3.3 million, an amount that the partners are still shocked by. Leasing started in October 2021 before renovations were even completedLeasing at Bowtie High started in October 2021, and within six months, the former high school had reached 100% occupancy. Bedrooms have a lot of natural light thanks to the old high school's large windows.
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