BY RADONNA FIORINI
PHOTOS BY CHRISTINE PETKOV AND PROVIDED
Seems that more and more people are embracing what Petula Clark sang about for years. Downtown is the place to be.
While downtown Lafayette has seen a dramatic increase in shopping and dining options in the last few years, the number of housing units has also expanded with almost explosive growth occurring in the last five years.
Much of that growth has been in apartments and condominiums for rent, catering to young professionals, grad students and even retirees who have downsized and enjoy the vibrant restaurant and entertainment venues.
“Unique architecture and living spaces are a major draw with the kind of style and interiors you won’t find anywhere else,” says Dennis Carson, director of economic development for the City of Lafayette, emphasizing the historic nature of the area. “Other factors are downtown’s ‘urban feel but small town real.’ Downtown is a true urban center with the character of larger cities, but with that intimate feeling of a small town with friendly, inviting spaces, places and people that is walkable.”
In addition to unique housing options, Carson cites downtown’s amenities — such as restaurants, specialty grocers, boutiques, recreation and entertainment venues, and Indiana’s oldest farmers market — as the reason lots of people look to the area as a place to live.
More than 400 living units have been added since 2020, with more permits already issued for future projects, says Ryan O’Gara, director of the Tippecanoe County Area Plan Commission. Most of that growth was in new construction, but the housing boom really started in the 1990s with the renovation of existing buildings.
As entrepreneurs began investing in downtown retail and dining establishments, the upper floors of many historic buildings still sat vacant, Carson says. Building owners gradually began renovating those spaces for rentals or for personal use.
“Over the years there were programs and assistance to renovate buildings and adapt upper floors as housing that helped build interest and momentum,” he says. “Over time, these upper floors of individual buildings, particularly on Main Street, became sought-after housing, and demand increased. So much so that larger infill opportunities started to be promoted and gain attention.”
Renaissance Place, a mixed-use project featuring office and retail space plus condominiums in the 200 block of Main Street, was one of the first such infill projects. That was followed by MARQ, also a mixed-use development located next to Riehle Plaza, bringing 99 modern apartments to the area in 2018.
And the growth has continued unabated. Here’s a look at some of the newest housing projects in downtown Lafayette:
The Gibson
530 Main St.
Eleven apartments, one short-term rental unit
Owners Chadd and Angela Gibson, who own and operate Gibson Painting Group, Inc., are lifelong residents who live in Rossville but frequently come to Lafayette, says Chadd Gibson. For three years the couple looked for a downtown apartment or condo to purchase where they could establish a second home. When they found two historic buildings that were adjacent but separated by a wall, their dream turned into an investment.
“These buildings hold a really nice historical presence downtown and we were determined to hold that historical presence, while creating modern living spaces,” Gibson says. The couple worked with Lafayette’s Historic Preservation Commission to retain and restore the original façade of the 1868 Italianate buildings, and added many modern amenities in the three-story structure.
The buildings were linked and studio, one- and two-bedroom apartments were created that incorporate soaring 22-foot ceilings, large windows and original, exposed brick walls. New heating and plumbing, granite countertops and stainless appliances modernized the spaces, and an elevator was added allowing residents access to a roof-top patio. Sleeping lofts provide a creative solution for space in the smaller apartments. All the units were leased within 45 days of the building’s grand opening in July 2022.
The first floor features a separate, two-bedroom Airbnb available for daily or weekly rental.
The Gibsons received the Kurt Wahl Award for Historic Preservation in October at the Greater Lafayette Commerce Annual Celebration for their work on the building.
“Downtown has been revamped,” says Gibson. “There are nice bars, great restaurants, and shops. It has a big city feel but in a small town. It’s close to Purdue and is a really great place to be. I think it will only become better.”
Nova Tower
200 S. Fourth St.
A modern, five-story building with 76 units
In the works for about five years before opening in August of 2021, this complex is part of a movement to bring more upscale living to the southern portion of downtown Lafayette. The simple, angular shape of the building features lots of large windows and great views of the surrounding area, says the project’s main investor, Ric Li, who developed the property along with Jackson Dearborn Partners of Chicago.
“I had a vision of building apartments that were a little bigger and better quality than what was widely available,” says Li, who graduated from Purdue and lived in housing where he could “hear through the walls.”
Although Fourth Street was home to several warehouses and empty lots, Li saw potential in building apartments that would appeal to young professionals and graduate and doctoral students
who wanted a modern, quiet place to live that was within walking distance of campus.
The COVID-19 pandemic derailed plans for a nationally recognized fitness center to occupy the second floor, so four living units with floor-to-ceiling glass and beautiful light were added, Li says. The fifth floor apartments have high ceilings and the third floor units feature bedrooms with big windows and a view of the Wabash River and the Purdue campus. Each unit, ranging from studios to three-bedroom/two baths, is unique with stainless appliances and luxury finishes. The complex has been fully occupied since opening.
“I thought my resources could make a difference locally and I received a lot of support from the city,” Li says. “City officials and the mayor were a pleasure to work with.”
Li named the complex with his family’s business in Taiwan in mind. The name of the family business means virtue or integrity and translates to nova or light in English. His grandfather, who passed away 10 years prior on the day Nova Tower was completed, started the family business and Li honored him with the name.
Pullman Station
500 South St.
Five floors containing 76 units, 13 floor plans
Opening in the fall of 2020, Pullman Station became one of the first completely new apartment complexes in the heart of downtown, says Rachel Shook with Shook Property Management Group.
The red and gray brick building features on-site parking and a host of amenities that appeal to retirees, graduate students and young professionals. Extra sound-proofing makes for quiet living, even in the middle of busy, historic Lafayette, she says.
The one- and two-bedroom apartments have such features as glass-walled showers, stainless appliances, granite countertops and extra closet space. The building has security, package delivery lockers and elevator access to all floors. The complex has been fully occupied since opening, says Shook.
Luna Flats
615 Main St.
Scheduled to open summer 2023, 98 units
Still under construction, the newest addition to the downtown housing scene is named after the Luna Theater, which stood on the site until it was demolished in the 1960s. The site was a parking lot for years and the only open space on Main Street, says Luna Flats principal and local attorney, Andy Gutwein.
“Downtown is our favorite area for dinner and we’ve seen it get better and better with some real vibrancy,” says Gutwein. “I have other investments downtown and wanted to add to that vibrancy. It’s a place that’s walkable and has a variety of cultures and people you can interact with.”
Designed with 10,000-square-feet of retail space on the ground floor, Luna Flats’ upper floors will have studio and one- and two-bedroom apartments with washers and dryers, hardwood floors and modern finishes. Residents will enjoy a rooftop green space and a large patio with a grilling area and a pet park so they won’t have to take their furry companions out on the street in the cold or at night, Gutwein says.
The lobby will be large and reminiscent of a luxury hotel lobby, while other amenities will include a fitness room, bike storage and underground parking. The brick building’s façade was designed in consultation with historical experts in an effort to make it fit in with downtown’s more than century-old structures.
“We put a lot of effort into the architecture and had great input from the Historic Preservation Commission,” Gutwein says. “It will be a great addition to downtown.”
Other downtown apartment complexes built in the last decade include:
►The Ellsworth – 475 South St.
The building opened in the summer of 2022 and features studio and one- and two-bedroom apartments. Special amenities include a pet play area and washing station, bike storage and a rooftop terrace and courtyard. The complex is fully occupied.
►Brownstone Development Condominium – 201 S. Fourth St.
All five 2-bedroom units in this three-story brick building are leased. The condominiums opened in 2021 and have west-facing balconies on the top floor.
►Regency Springs – 103 S. Fourth St.
This four-story building has 64 one- and two-bedroom units, some of them furnished, and the complex also has a fitness center, clubhouse and garage parking. Opening in 2015, it was the first new apartment complex on the south side of downtown Lafayette in the last 10 years.
