A plan is in the works to bring high-end condominiums to Logansport’s east side.
Logansport Mayor Ted Franklin announced Friday the new housing is part of an initiative “aimed at enhancing economic development prospects in the area surrounding the Logansport Mall.”
The announcement comes between two Logansport City Council votes to authorize about $300,000 for the purchase of about 20 acres on the city’s east side. Those acres near High Street and Yorktown Road will be the location of the development, Franklin said. City council will vote on second reading Monday. Council members approved the measure on first reading 6-1 in January.
“This acquisition is an investment in our future,” Franklin said. “It gives the city the ability to target future economic growth. Our first goal is to address the emerging need to attract developers who are willing to construct and market mid- to high-level stand-alone and condominium-type housing.”
The initiative is being planned in conjunction with the city, the Logansport Planning Department and the City of Logansport Economic Development Organization, or CLEDO. A three-day planning charrette is scheduled for April, where citizens and stakeholders are encouraged to come and go as they please to provide feedback and concerns officials will use when developing a master plan for the project.
Following the charrette and the completion of a master plan, Franklin said the city will seek a developer to sell the land to and take on the project.
Franklin could comment little on the details of the project until a master plan is finished, but said thoughts consist of high-end condominiums ranging in price from $200,000 to $250,000, a rooftop garden, the possibility of single family housing in the area as well, all of it with the intent of attracting more businesses to the area and creating a “walkable neighborhood.”