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Last updated on Friday, September 12, 2014
(BEDFORD) - During the groundbreaking ceremony for Stonecutters Place, Thursday afternoon, Gov. Mike Pence says Bedford is working from a “solid foundation” to improve its future.
State Sen. Brent Steele called Stonecutters a "wonderful asset" that will bring life back to the downtown area.
Stonecutters is one of several Stellar projects.
The Stellar project will transform the old Carriage House Furniture building at 16th and K streets, as well as some adjoining properties, into 30 apartments for senior citizens. Hoosier Uplands is the developer of the project.
Finalizing the construction drawings and demolition activity are scheduled to begin Monday.
Construction is set to begin Oct 1 and will be completed by this time next year, with apartments ready to lease by Feb. 1, 2016.
Those living in the complex could make up to $22,500 and monthly rent could vary from about $220 to $550, depending upon income. The average rent is estimated at $482.
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