TERRE-HAUTE, Ind. — Alliant Capital has invested an undisclosed amount for the development of Miller Parrott Lofts, an affordable seniors housing community in Terre-Haute.
The building served as a bakery from 1915 through 1955 and has been vacant for years. The redevelopment will result in 54 units, due for completion in late 2020.
The project’s location is near Indiana State University and several grocery stores. Additionally, the property is served by Area 7, an agency that offers affordable transportation services to seniors and people with medical disabilities.
Development partners include Flaherty & Collins Properties and Vision Communities.